1. If Ram Received Cash Rs. 900/- & Deducted Rs.100/- as
EPF. 2. Cheque diposited into bank Rs. 200/- against EPF of ram.
How many ledger should create under which & what will be the
entry ?
Answer Posted / maadhav patil
cash a/c..dr...900
epf 100
ram 800
amount rec by ram by deductuing 100 towards epf
)
epf...dr..200
ram..... 200
| Is This Answer Correct ? | 0 Yes | 3 No |
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My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
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