Answer / atul kumar pandey

Bank a/c dr.
To party a/c

Answer / shashi

Cash a/c Dr.
To client Account

Answer / guest

Bank A/c Dr
to Client A/c

Answer / sunil

Cash a/c
To party a/ac

(Bank are not dr )
Ager bank dr hua to wo party ka cheque sidhe bank me jayga ..humre pass nehi ayga .

Answer / akash

Cheque in hand a/c..........Dr.
To client a/c

Answer / george

Cash a/c Dr:
To Client a/c
{practically we convert cheque to cash,in bank}

Answer / ratnesh dwivedi

cash a/c.........Dr.
To party a/c

Answer / nikul

by bank
to party name

Answer / lijeesh

Bank a/c Dr
To debtors a/c

Answer / rajesh

check receive dr
to receivable

receivable dr
to customer/client

Bank dr
to check receive

how to prepare trial balance?

1 Answers  

IS there any duty on freight charges on import duty? If yes, what is the percentage?

4 Answers  

Cheque in hand is current asset or fixed asset...?

3 Answers   VKS,

what is npa?

3 Answers  

Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

0 Answers   IIRM,

record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.

0 Answers   University of Professional Studies Accra,

example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.

0 Answers  

What will be the Journal entry for these transaction- Sold goods costing Rs.20,000 for Rs.30,000 on cash

15 Answers   ICA,

why dr is on left hand side while cr is on right hand side?

1 Answers  

how to pass journal entry for credit card a/c in tally erp 9 How to generate in tally erp9 for credit card account new

5 Answers   Finance, Kotak,

Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.

0 Answers  

If A car in Name of company got damaged. and total amount of its repairing is 15,000/- and insurance company give me 10,000/- of it. Balance amount we paid through bank or cash .Then What is the entry for this in books.Kindly mention Ledgers with their respective Group Head.

2 Answers