Interested to Buy Any Domain ? << Click Here >> for more details...
interest paid to bank for journel entry
- 16 Answers
- 54248 Views
- Bhoruka Aluminium, Genpact, I also Faced
- E-Mail Answers
Answer Posted / naveen kumar.karumuri
HERE THE QUESTION IS "INTEREST PAID TO BANK" IT IS
THE "NOMINAL ACCOUNT PRINCIPLE"
CONDITION: DR-ALL EXPENSES ALWAYS DEBIT
CR-ALL INCOMES AND GAINS ALWAYS "CR"
HERE JOURNAL ENTRY IS AS PER GOLDEN RULE
DR INTEREST PAID A/C
CR BANK/CASH A/C
(BEING INTEREST PAID TO THE BANK A/C)
| Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
What is the important of cash in a business unit
please specify some books name in preparing a bank exam apttirutude questions
MMT and MID payment how post in tally
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
4. Calculate the following from the particulars given below: i) Material Cost Variance ii) Material Price Variance iii) Material Usage Variance iv) Material Mix Variance v) Material Yield Variance Material Standard Actual Qty kgs. Price Rs Value Rs. Qty kgs. Price Rs Value Rs A 50 4 200 40 5 200 B 30 6 180 30 6 180 C 20 3 60 30 3 90 100 440 100 470 Loss 20 ----- 30 ----- 80 440 70 470
What is Free Cash?
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
cash sales and credit sales both are asset or liability?
what is mean by ledger
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
plz send me a solved paper on SBI of clerk post
In IGATE, 2 yrs bond for fresher and reverent experience 1 year bond. First z essay writing. “Unforgettable movement ur life” Tiz in ITPL IGATE stopping
what are the questions commomly asked in reuter's interview.?
commisiion recieved journal entry and receipt required
