Mr X has invest Rs.150000/- from his saving bank a/c for
fixed deposit after maturity he received with interest amt
Rs.165000/- He requested bank to renewed the same excluding
inst amt.Bank after deducting charges credit the insterest
amt to Mr. X a/c..pass the Journal entry in the books of MR.X
- 2 Answers
- 10465 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / nishant jain
1. Investment(Fixed Deposit) A/c Dr. 150000
To Cash/Bank A/c 150000
(Being amount invested in F.D.)
2. Bank A/c Dr. 165000
To Investment(F.D.) A/c 150000
To Interest A/c 15000
(Being amount recd. on maturity of F.D.)
3. Investment(F.D.) A/C Dr. 150000
To Bank A/c 150000
(Being amount reinvested in F.D.)
4. Saving A/C Dr. 15000
Bank charges A/C Dr. 100
To Interest A/C 15000
To bank/Cash A/C 100
(Being Interest amount t/f to saving a/c and bank
charges paid.)
| Is This Answer Correct ? | 14 Yes | 9 No |
What is the Assets & Liabilities?
what is Bank Reconciliation?
what is the accounting treatment for contingent laibility?
Total numbers of companies listed on stock Exchange?
Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
what is non stock?
purchase of stationey to proprietors daughter debited to stationery a/c.rectify it
vwhy a variable cost is said to be variable?
Answered but misspelled pl correct ONE OF THE MAIN EXTERNAL USERS OF ACCOUNTING INFORMATION (ANS.SREKANB)
A borrower pays $1000 towards the late payment penalty to a bank A pass the necessary journal entry
What is income tax,sales tax and vat?
Hi dis is lalitha. I got selected for muthoot finance PO for the final interview. can u plz tell me what type questions they will ask? my mail id is plalitha87@gmail.com. can u plz pass the questions to my mail, my interview is on jan 04,2012. Thanks in advance.
Audit 
