Professional fees of Rs.30000/- is paid to a consultant ABC
& Co.
please pass the necessary entry for the same
- 43 Answers
- 94335 Views
- I also Faced
- E-Mail Answers
Answer Posted / anil gautam
professional chg a/c dr to 30,000
bank a/c 30000
(ch. no.... professional fees paid )
this is from bank becuase no cash uper 20000 so this from
bank
| Is This Answer Correct ? | 2 Yes | 7 No |
Post New Answer View All Answers
What is meant by Nostro Reconciliation
In sales what rule applicable
write about an e-mail to manager seeking permission for leave
what are the accounting ratios
HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?
Being BE student why you want to join bank?
EXPAND_________SEC
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
what is budgetory control and what are the types
HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?
what are the type of cash flows?
what is data entry? what is report generation ?in accounting how it is used .
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.
Expand-------NAC
