what is journal entry for "Interest allowed by bank" and where does it come in pass book??

Answer Posted / vivekpal

Bank A/c Dr
To interest allowed A/c

Is This Answer Correct ?    4 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain me by saying, perpetual or periodic inventory system; what do we mean?

650


Explain me what is general ledger account?

657


What do you find most satisfying about this job?

629


Why do users of accounting information need accounting information?

606


whats the sales tax slab and company's turnover professional tax slab

2948






Difference between depreciation according to cost principle and matching principle

1602


The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty

1356


Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income

1392


What are the fictitious assets?

669


If there is an excess amt of TDS paid under the head TDS on contractor, then how it can be shown in Annexure of TDS return?

2028


shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?

1924


There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.

1516


As you know executive accounting?

604


What elements of your job do you find most difficult?

6352


if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year

1480