Answer Posted / sankeerthana
A book of final entry summarizing all of a company's
financial transactions, through offsetting debit and credit
accounts.
Sankeerthanaannavaram
http://www.therealaccountants.com
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6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
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As you know any other accounting application?
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how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
