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
- 22135 Views
- Bank of Baroda, OPI Global, I also Faced
- E-Mail Answers
Answer Posted / pooja agrawal
at the time of giving the loan the entry will...
loan a/c dr 1000
to cash a/c 1000
when he get back 600 rs
cash a/c dr 600
to loan a/c 600
when you hav to take 400 to next year the entry will be
reserve for bad debt a/c dr 400
to loan a/c 400
| Is This Answer Correct ? | 2 Yes | 4 No |
Post New Answer View All Answers
Distinguish capital and revenue expenditure
Questions asked for the post of Manager (Finance) in a Public Sector company Subject of group discussions for the post of Manager (Finance) in a Public Sector company
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
How is the expenditure of developing a modified product treated?
Assets are held in the Business for the purpose of____________________
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
what are the difference between banking institutions and financial institutions?
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year
what is Ratio Analysis ?
What are the benefits ofparticipation in a depository?
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000
About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?
Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
