What is the Journal entry if a Demand Draft is taken by
Company B on behalf of Company A? Company B has it's A/c
with Bank X. Company A has it's A/c with Bank Y.
Answer Posted / naresh
1.A DD taken by company B & has a account in X Bank
2.that DD goes to company A & company A having it's account
in Y Bank. Jurnal Entry Shoud be like
Company B: Bank (x) Company A
CR DR
Company A: Bank (Y) Company B
DR CR
Is This Answer Correct ? | 8 Yes | 4 No |
Post New Answer View All Answers
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
HOW TO MAINTAIN BANK A/C
what is difference between account and accounting
What are the duties of sales tax department? Explain it
What is deffered income
differed tax liability
plz send me the apptitude question papers of wipro
how to do the finalise of account? what is the step? why we need to do like that?
Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
What is the use of final account?
what salary you expect???
i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....
Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
Expand--------OTA
What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?