interest on drawing will fall under which group in tally?

Answer Posted / rakesh

Interest on Drawing charged by Company is purely indirect
income.

Is This Answer Correct ?    10 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to Automate requirment mapping in QC?

1515


Pass the journal entry: rent outstanding

1388


What are the different branches of accounting?

619


Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect

1439


for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?

2708






What is accounting & why it is used?

608


I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so

1596


Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.

1758


What is the use of form D in sale tax

1614


we had company we provide work others they deducted tds how to pass entries in my company please tell me

2783


What is accounting chart of accounts?

653


What and How to compute an unsecured balances?

1727


The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

1403


what is bank aceleted?

1660


What is recording damage inventory in books of account?

619