Explain how the following transactions would be recorded in
a cash book with Cash and Bank columns?
i) Deposit of cash into Bank
ii) Withdrawal of money from Bank for office use
iii) Deposit of cheques (received from others) into Bank
iv) Dishonour of cheques deposited into Bank
I need a detailed answer..thanks..
Answers were Sorted based on User's Feedback
Answer / sandeep kumar sharma
1) Bank a/c Dr
To Cash A/c Cr
2) Cash a/c dr
To Bank a/c cr
3) Bank a/c Dr
To XYZ a/c Cr
4.) XYZ a/c Dr
bank Charges a/c dr
To Bank a/c Cr
Is This Answer Correct ? | 8 Yes | 2 No |
Answer / xyz
1- bank to cash
2- cash to bank
3- bank to cash
4- cash to bank
Is This Answer Correct ? | 4 Yes | 9 No |
what is the differance b/w direct & indirect exp
1.Closing Inventory consists of 1,100 units. What would be the cost of Closing Inventory under FIFO and LIFO methods? Opening Inventory 1000 units @ $ 10 $ 10,000 Purchase (1) 800 units @ $ 11 $ 8,800 Purchase (2) 500 units @ $ 14 $ 7,000 Purchase (3) 400 units @ $ 12 $ 4,800 Purchase (4) 300 units @ $ 13 $ 3,900 ------------ ----------- Totals 3000 units $ 34,500 ======= ======
what is Assets & Liabilities ?
4 Answers College School Exams Tests, EDS, Focus,
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
0 Answers InTarvo Technologies,
What is the double entry system explain its rules with examples?
purchase plant and machinery
paid rs 60.000 cash on the purchase of equipment costing 80.000 the remaining amount payable with interest rate of 9%. what is the journal enry
What is fractional code and how can i get a fractional code for a particular account?
What are the major difference between US GAAP & Indian GAAP.? Where US GAAP is exactly & highly differenciated from Indian GAAP..? Your answer will be highly appreciated. Thanks in advance.
what is debit and credit in accounting
can we change date in tally.erp s/w in educational mode ?
our cheque to Arshad Khan was dishonored?