what is entry of loan & Advance given to Client Rs. 4 crore
@ 3% per month for one year,Interest Recievable,Interest
Recd.
Answer Posted / udai raj
1) loan & advances a/c Dr.40000000
To cash A/c 40000000
2) Interest A/c Dr 1200000
To Interest receivable A/c 1200000
3) Interest receivable A/c Dr 1200000
To Cash A/c 1200000
Is This Answer Correct ? | 6 Yes | 21 No |
Post New Answer View All Answers
Do you use social media to identify prospects?
How to pass VAT retention entry on computer and Furniture
What is the treatment of claim settled by insurance company but still receivable in profit and loss account
A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.
what is the new rate of c.s.t in uttraklhand
if any otion in tallyerp9 version about doing Luxury tax work
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
Tell me how can you explain the basic accounting equation?
i want to wearies heads under direct expenses and indirect expenses
What is liabilities and what all does include in current liabilities?
Differentiate between provision and reserve?
What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.
what is one way , two way matching , three way , four way matching ?
describe any accounting process that you have developed or revised