Answer Posted / yogesh

At the time of issue

Bank A/c Dr 20,000/-
Discount A/c Dr. 2,000/-
To ABC A/c 22,000

At the time of dishonour (if discount will be allowed in
any case)

ABC A/c Dr. 20,000
To Bank A/c 20,000

At the time of dishonour (if discount will not be allowed
in case of cheque dishonour)

ABC A/c Dr. 20,000
Discount A/c Dr 2,000
To Bank A/c 22,000

What is the important of computerized accounting to manual?

1126

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over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured

2728

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Do you know what is liabilities and what all does include in current liabilities?

1018

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Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-

1875

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Cash bill of sale so the company can deduct the amount.

2035

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Explain me your current/former role, your responsibilities, and how success is/was measured?

1128

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Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored

973

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Company XYZ split 5:1 on June 30, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 5,000 $75.00 5000 April 23, 2009 $72.00 7,500 $72.00 7500 March 31, 2009 $67.00 135 $67.00 135 March 31, 2008 $275.00 531 $55 2755 November 30, 2007 $233.00 266 $46.6 1330 October 6, 2006 $1,333.00 10 $266 50

2084

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What is batch input? why we use batch input session in SAP(FICO)?

5359

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a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry

1920

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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

1846

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Are there any questions you would like to ask?

1183

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Which forms in use in service Tax, Excise duty and Vat for the return.

2095

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Which accounting application you prefer most and why?

1133

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what is "goodwill" reserve and surplus and reserve with example

2020

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