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Answer Posted / anandsurya
Securities are the tradable interesting financial values
that are represented by the certificates these securities
are generally known as futures, options, shares ,bonds
these are commonly known as
Marketable and Non marketable securities
Marketable securities : Which are easily traded in the
market
Eg:Shares,Bonds,Mf etc....
Nonmarketable securities : these are generally known as
Post office bonds and some other govt securities
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Short Answer on ___________Finance Bill
Transfer nett profit of Rs 325000/- to Reserves and Surplus
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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