Answer / priyanka

BR A/c dr
To A
( bill received from a)

Z a/c dr
To B/P
(bill issued to z)

Answer / dev

When the B/R received from the party (for ex- A)
B/R a/c...........DR
To A
(Being B/R received from the party.)

When the received B/R deposited into the bank.
Bank a/c..........DR
To B/R a/c
(Being B/R deposited into the bank.)

When the B/P given to the party for (ex- A)
A a/c............DR
To B/P a/c
(Being B/P issued to the party).

When B/P cleared by the bank
B/P a/c............DR
TO bank a/c
(Being B/P cleared )

Answer / pallavi

1)Purchased 2500Rs of bike parts on accounts payable in 30days
Bike parts A/c dr 2500
To A/P A/c 2500

2)Collected Rs425 from customers A/c

Cash A/c Dr 425
To Customers A/c 425

Answer / m.yousaf

You should treat the recievables A/c as Sale Ledger Control
A/c i.e as a Debtors A/C. N Payables as Creditors A/C or
just like Purchase Ledger Control A/C.

Example:
Bank/Cash Dr
Recievable A/C Cr
(as debtors are reduced when you recieve the payment)
Payables Dr
Bank/Cash Cr

Answer / ramulu

Accounts recevable and bills recevable are same and at the
same time Accounts payables and Bills payables are same

1)Detors A/c Dr
To A.R/B.R A/c



2) A.p/B.p A/c Dr
To Creditors A/c

Answer / venugopal redddy

The Q? is improper bcose it doesn`t specify in who`s books
the entry should be made. In the books of Drawee/ Drawer

Answer / akram

br a/c dr
to cash a/c

what is the meaning of preliminary expenses and how you shown in balance sheet

50 Answers   Banking, BPL, CA, Capital IQ, Chartered Accountant, First Midwest Bank, GE, Glass Wall Systems, Ocwen, Siemens,

expand------SSRT

1 Answers  

ATTENTION PLEASE.All the answer posterors will be sent the complte key on the questions if requested thru mail id Answered but misspelled pl correct Happening as a consequence of transaction the reult is(Ans- TNEVE)

1 Answers  

if you reconsilation is doing at end of the month 31 march. you have question for one amount on 30th march which is the banker said that we do not know about the 30th march entry, the amount deposit and expenses. please come after one week. but u need to complete reconcilation end of march. so, what will you do know?

6 Answers   Genpact,

EXPAND______________ICC

0 Answers  

Is closing stock will recorded in Trail balance?

9 Answers   Genpact,

Expand ------UNDP

1 Answers  

what is current ratio and how it is calculated

1 Answers  

We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?

0 Answers   Capital IQ,

Credit Purchase entry

12 Answers   EXL, Genpact,

if the balance of the supplies account on January 1 was $500, supplies purchased during the year were $1750, and the supplies on hand at December 31 were $300, the amount for the appropriate adjusting entry at December 31 is?

1 Answers  

Distinguish capital and Revenue receipts

0 Answers