Hi Everybody,
Can anybody tell me the journal entry for below question,
Charged interest on Capital Rs.1,500.00
Thanks,
Answer Posted / laxma reddy
Interest on capital Dr
To Capital Cr
| Is This Answer Correct ? | 28 Yes | 2 No |
Post New Answer View All Answers
Tell me how can you explain the basic accounting equation?
Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
Why do users of accounting information need accounting information?
Describe the proof of cash type of bank reconciliation?
IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?
What do you mean by Bill of Exchnage.How to manage ? Explain
What is the definition of offset accounting?
what is the deference between depreciation explanation
Horizontal balance sheet versus Vertical balance sheet
I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so
What are the different fields of accounting?
Which forms in use in service Tax, Excise duty and Vat for the return.
what are the direct expense of loan department in banks.
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?