Answer Posted / damini

it is a reserve becz it is credited to partner's capital a/c

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

1792

---

iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above

1950

---

what is the difference between accounting and bookkeeping?

974

---

Why we debit expenses and credit incomes ?

1737

---

professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally

1425

---

Where should tds received should show in balance sheet?

1089

---

How Many Accounting Principale

1712

---

Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.

1796

---

difition of reserve & surplus

2218

---

What is the definition of manual accounting?

1124

---

Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.

3499

---

What accounts are to be debited and credited in this case o

1792

---

how to calculate the per unit cost of production

1670

---

Sir i want to ask that if the salary above 6500/- than also pf deduct.

1932

---

What is tally and its features?

1130

---