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In a private limited company,if owner/shareholder withdraws different amounts from company account, then where should be that amount be accounted for/in which head of account that amount should be placed????

1 Answers  

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where we use the convetion of conservatisam in real life??

0 Answers   Cognizant,

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what is the meaning of Amortization

1 Answers  

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How the Fund flow statement is different from Cash flow statement.

3 Answers  

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what is the difference between credit and debit note?

55 Answers   Accenture, FMCG, Private, Redson, TATA,

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what is treasury stock

3 Answers   Capital IQ,

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DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com

13 Answers  

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Why interest on partner's loan is not transferred to his capital account? What is the logic for transferring it to his current account/ loan account or accrued interest account?

1 Answers  

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wat is the meaning of bank and what role does bank play in insurance sector?

1 Answers   State Bank Of India SBI,

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Difference Between FBT and TDS?

5 Answers   Ascent, Nestle,

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what is bank reconsillation statement?

5 Answers   Brac Bank, Ventile, WNS,

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basic concepts relating to final acount

1 Answers  

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