Interested to Buy Any Domain ? << Click Here >> for more details...
Hi Everybody,
1). Can anybody tell me the Journal entry for Bank charges
Rs.100 and under which account it will come.
2). Received interest from Bank what is the journal entry,
under which account it will come,
Awaiting for soonest reply,
Thanks,
Khan
- 12 Answers
- 63874 Views
- I also Faced
- E-Mail Answers
Answer Posted / sfk
1) bank charges a/c dr 100
To cash a/c 100
(being bank reduce ur money from your account)
2)Cash a/c Dr 100
To Bank Interest a/c 100
(Being the bank add a interest money in ur account)
| Is This Answer Correct ? | 4 Yes | 8 No |
Post New Answer View All Answers
What are the criteria for accounting job?
Do you know what is a cpa?
What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP
how many times we can deposit the old currency in one a/c in the bank
Is an "account receivable" and "goodwill" real accounts in accounting?
What is liabilities and what all does include in current liabilities?
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
What is vat adjustment?
Explain me some of the examples for liability accounts?
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
Tell me what is ledger?
What is consignment cycle.?Explain the steps involved in the Consignmet..?
adjustment entry showing in tally such as outstanding salary prepaid salary etc.
What is use of statistics in accounting?
