Answer Posted / viswanatha reddy

What happens here is withdrawls from the bank exceed
deposits. The lending institution, usually the bank, would
allow an extension of credit in such a case. The company is
usually expected to pay within short-term and it results in
negative balance in company's bank account. That is the
reason for the overdraft being classified as a current
liability.

cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me

2251

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What is partnership accounting?

1078

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What do we mean by purchase return in accounting?

1092

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What is the difference between perpetual & periodic inventory system?

1045

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Please explain the difference between provision and reserve?

1003

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Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?

980

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What is balance sheet and off balance sheet?

1071

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what is the meaning of 4X and 10X value in intraday market?

2230

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what are the processes of account reconcillation

2074

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Explain me what is general ledger account?

1150

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Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?

3695

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what are the voucher entries for depreciation in tally and when?

2504

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What is reversing journal entries?

1155

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ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher

1550

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Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?

2028

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