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effect on profit.............
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My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
What is reversing journal entries?
Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
Is an "account receivable" and "goodwill" real accounts in accounting?
state (5) accounting concepts and give 1 example of each
Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
In accounting, are assets a permanent account?
What is recording damage inventory in books of account?
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
In the balance sheet, where do you show tds?
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
Tell me in which account does the unpresented cheque will get recorded?
input vat, wht use in wct
what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?
