What are the elements of the accounting equation?
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informance about performance is disclosed by
what is the method deposit of wct in Delhi
Explain deduction from house property income U/s (24)?
Which of the following are of capital nature? (a) Purchase of a goods (b) Cost of repair (c) Wages paid for installation of machinery (d) Rent of a factory
what is provisions ?
List out some of the examples for liability accounts?
In which expense we book the expense related to certification of ISO 9001 certificate & consultant fee.
kindly send the TDS tariff on Security expenses, rents, transport charges etc.,
If I purchase and sale of goods at same price then effect in trading, P & L A/c
What is the difference between Loan and Advance?
16 Answers Banking, Syndicate Bank,
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.
I have a questions regarding booking transaction. what is I want to loan my company 10k transaction will be recorded as follows "CASH" 10k debit "Payable to partner" 10K as credit. So when I used company debit card for my personal use can I book this as a loan repayment? which means I will have to Debit account " Payable to Partner and credit "Cash"