Answer Posted / ramakrishna rao
Bank OD is the liability of the Co, as it is the payable
amount by the Company.
So, it is shown on the Liaibility of the Balance Sheet
under the Current Liaiabilties and Provision.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
commisiion recieved journal entry and receipt required
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
What is Mean By FRS for HQ reporting, How To Prepare?
Is interest of a business unit Operating Expense or Non Operating Expense
What are events occuring after the balancesheet date?
What is cash clearing account
what is budgetory control and what are the types
What is Trade Recovery Estimate and how can we calculate it?
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
can i get exact salary of clerk in SBI. and i want to know about promotion details .....
Examples of automatic generated content material of car logbook loans?
what is Calculation of Gross Profit Or Gross Loss?
We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.