Interested to Buy Any Domain ? << Click Here >> for more details...
If I give gift to somebody, then how I'll show it in my
account
- 1 Answers
- 3883 Views
- I also Faced
- E-Mail Answers
Answer / abdulla koya
Debit Gift Account
Credit Cash/Bank Account
(Given gift to Mr./Ms.........)
If the payment is made business cash:
Debit Drawings Account
Credit Cash/Bank Account
(Given gift to Mr./Ms.........)
Note: Never debit the personal account of the person
receiving the gift because it would make him your debtor in
the accounts
| Is This Answer Correct ? | 5 Yes | 0 No |
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
Is it compulsary to give TOEFL for applying US visa.
hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer
How to void a payment
audit under section and penalty under saction scurtiny under saction
what is golden accounting rules
what is a suspense account ??
Explain what knowledge should financial accountant have?
please explain briefly about account receivables and payables
How create the invoices?
0 Answers Infomatics Software Solutions,
how to pass return cheque entry in tally erp 9
1 Answers College School Exams Tests,
where is entry done in tally of cheque bounce ???? Journal, Payment, Receipt, Contra
Audit 
