You give a loan for your friend a 1000 rs he returns 600 rs
and u have to close ur accounts what should u do to close
the accounts? and given the journal entry for 400 rs?and
where will the 400 rs come in new account and entry for that
Answer Posted / rohit
1) LOAN A/C ...DR 1000
TO CASH A/C 1000
2) CASH A/C...DR 600
LOAN RECEIVABLE A/C ..DR 400 (THIS YEARS PROVISION)
TO LOAN A/C 1000
Is This Answer Correct ? | 18 Yes | 5 No |
Post New Answer View All Answers
Tell me about how you have left a position better than you found it
where is suspense entry is entered in tally erp9
How and by whom the Percentage of Depreciation is fixing?
diffrence between the profit center and business area
WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?
What is T+2 rolli g settlement cycle?
How to Calculate PF with interest or without interest.
what is Tds %,Service tax %,Cess %,and ESI,PF %,and what is the use of this.
Short Answer on __________Measurement
sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method
Expand----------MTSC
what is controlership?
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
Short Answer on ___________Appreciation