Interested to Buy Any Domain ? << Click Here >> for more details...
Please let me know the journal entry for the below.
"A" paid Rs.100 to "C" on behalf of "B"
- 7 Answers
- 21231 Views
- I also Faced
- E-Mail Answers
Answer Posted / satyaki_raju@yahoo.com
B a/c dr 100
To cash a/c 100
(Being paid to C on behalf of B)
As per the instructions we paid to c we need not debit C in
our books of accounts
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
what type of questions are asking for fund administration???
Do v call director in the partnership firm?
2Create a program that accepts a number and output its equivalent in words (maximum input number is 3000). for example Enter a number: 1380 one thousand three hundred eighty
what is mean by provision ? give me examples ..
How do you plan to achieve these goals
can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account
Expand----------CMST
what are the purpose for the preparation of cost centre ?
sir i'm having exp as a HR-Recruiter, now i'm willing to work in other areas of HR.Is learning of accounting courses such as (Payroll mgmt,TDS, service tax, vat, provident fund, gratuity fund, Tally ERP.9 )is necessary? if so, kindly guide me what all accounting courses i need to study to work in other areas of HR. or what are the qualifications required to work in other areas of HR? 2)one of my friend would like to know the job profile for Finance admin..
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
what do you mean by financial analysis and technical analysis ?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
