Interested to Buy Any Domain ? << Click Here >> for more details...
You give a loan for your friend a 1000 rs he returns 600 rs
and u have to close ur accounts what should u do to close
the accounts? and given the journal entry for 400 rs?and
where will the 400 rs come in new account and entry for that
- 11 Answers
- 21627 Views
- Bank of Baroda, OPI Global, I also Faced
- E-Mail Answers
Answer Posted / mrs. prasanthi shibu
When you give Loan for 1000 Rs, The entry will be
Loan A/c Dr 1000
Cash Cr 1000
When he returns 600 rs, the entry will be
Cash Dr 600
Loan Cr 600
Next financial year the books closing balance will be,
Loan Dr 400
Cash Cr 400
| Is This Answer Correct ? | 21 Yes | 17 No |
Post New Answer View All Answers
Clasify capital
I need all WNS interview questions
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)
what you mean by cross dunning
What is the difference between payable and accrual
DEfine SAP
Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.
what did you mean by cash credit limit account ?
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
what are micro-cap, small-cap, mid-cap, large-cap companies?
who is the pramotar?
In case of new admission of partner what will be the adjustment for the sharing ratios
how can make configration related with electronic bank statment and how can i upload bank statment to system
an amount deducted from the catalog price for an item of merchandise is called?
