Interested to Buy Any Domain ? << Click Here >> for more details...
Rams due of Rs 32500/- was settled thru adjustment of
security deposit Rs 12000/-and the balance in cash.pass
necessary entry
- 6 Answers
- 9982 Views
- Accenture, I also Faced
- E-Mail Answers
Answer Posted / sachin
Considering Ram as Creditor in Balanceshit of our
organiastion & Security deposit with him as unadjusted
asset showing in the asset side of our balanceshit,
following entry should get posted.
Rams A/c Dr 32500 (Nulify the Credit balance of RAm)
To Security Deposit A/c 12000 (Nulify the SD Asset)
To Cash A/c 20500 (Reduce the balance of Cash)
In the books of Ram the entry will be
Cash A/c Dr 20500
Security Deposit Dr 12000
To XXX org (Our company) 32500
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
Anyone whose sbi interview has been over , please share all the question asked by them
what is similarites between tata motors and airtel
Expand-------------BRTS
Which document should be attached with purchse & sales invoice?
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?
Office cash was stolen? state whether the following transcation is business transcation or non business transcation?
If its is declared by auditor that business is not going concern that what journal entry will be pass?
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
Hi any one send me the configuration steps for make to order and make to stock in sap .send to my mail id c.sujatha2008@gmail.com
how to do the finalise of account? what is the step? why we need to do like that?
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
What is contract accounting?
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
if jj form not cancelled within 1hour,wat to do
Expand---------DEP
