A borrower pays $1000 towards the late payment penalty to a
bank A pass the necessary journal entry
Answers were Sorted based on User's Feedback
Answer / tapan kumar roy
BANK CHARHES A/C DR 1000
TO BANK 1000
Is This Answer Correct ? | 24 Yes | 12 No |
Answer / shiv gupta
Penalty A/c Dr. 1000
(Under Indirect Exp.)
To Bank A A/c 1000
Is This Answer Correct ? | 9 Yes | 2 No |
capital reserve and revenue reserve
what is break even point?
31 Answers ADP, College School Exams Tests,
Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it
what type of account appear on a post closing trial balance? a) income statement accounts b) balance sheet accounts c) cash flow accounts d) temporary owner's equity accounts
Expand C R
What are the Trading A/c Components and let explain about Trading account and Profit & Loss Account
what is the three basic rules of accounting?
WHAT IS A SHARE?
diiffrence b/w provsion & reserve
Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?
3. In reviewing Corporate equity on a balance sheet, what effect be included in the description “Total Capital Stock” a) Par value of preferred b) Par value of common c) Paid in Capital excess of par value d) Both (a) and (b)
Create Good Will of Rs 125000 and apportioned between the existing partners A,B and C as per their sharing ratios 25%,35% and the remaing %. Pass journal entry