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loan a/c is blong to which a/c acc. to golden rule
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Personal A/c,
Let:_ Loan is to be treated as Liabilelity, As like Cr
purchases.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / gopi
Loan A/c has to be trated a Liability and it should be under
Loans (Liability)
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / nilesh
Loan A/c is belonging to
Nominal A/c as per rules.and
loan A/c is under current
liabilities.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / manjunath.r
the goldent rule accounts
personal account
nomail account
real account
| Is This Answer Correct ? | 0 Yes | 1 No |
What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.
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Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!
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