Give Journal Entry for "Interest Received from Bank"
and give description with Accounting rules
- 27 Answers
- 120646 Views
- ABC, GEE, Genpact, I also Faced
- E-Mail Answers
Answer Posted / rohit mishra
Bank a/c Dr.
To Interest rcvd. A/c
(Being Interest Received)
Discription:
1.Bank a/c-Personal A/c
Rule applied: Credit The Giver
2.interest Rcvd.-Nominal A/c
Rule Applied:Credit All Income & Gains.
| Is This Answer Correct ? | 47 Yes | 19 No |
Post New Answer View All Answers
discuss seperate determination concept
what do you mean byrecoupment of shortworkings in royalty accounts
How to prepare HSD statements in tally
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.
non cash or bank income or expense
Tell us in balance sheet, where do you show tds?
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
Explain what is liabilities and what all does include in current liabilities?
Account for letter of credit in the books?
Tell me what is gaap?
Plz Ask from me New Accounting Questions.
What is definition of a cash float in accounting?
Tell me do you have any idea about service tax or excise?
