Answer Posted / satyaki_raju@yahoo.com
Rakesh Bhai
Interest on Capital a/c dr
To capital
(Being interest charged on capital)
Interest on capital will be calculated at the year end and
will be added to capital account.according to you capital
account was not raised
So be careful while giving answer
Is This Answer Correct ? | 54 Yes | 14 No |
Post New Answer View All Answers
how to mention last year profit of ay private limited company in current year balance sheet ?
WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS
What is Hot Issue Income for Hedge Funds?
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
Short Answer on _____________Whole Sale Trade
What are the objectives of accounting
Explain about Fixed capital
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
why gross profit transfering to profit & loss account
Expand---------PED
what is meant by qurum
Which Exchange determine Foreign Exchange/Currency Rate?
how to solved the shares qusionas ?