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
- 11 Answers
- 18296 Views
- Bank of Baroda, OPI Global, I also Faced
- E-Mail Answers
Answer Posted / siva
when you give a loan to your friend then that will come
under drawings accounts, so the entry will be like
drawings a/c Dr. 1000
To cash a/c 1000
| Is This Answer Correct ? | 2 Yes | 5 No |
Post New Answer View All Answers
Short Answer on _________Accounts Receivable
Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it
credit card entry in tally
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
how many types of practice accounts?
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
Expand---------MNOP
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.
What is the difference between payable and accrual
Is interest of a business unit Operating Expense or Non Operating Expense
With a 600 credit score, how to improve my credit rating score?
Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com
whts is the meaning of over cost and under cost, what is difference ?
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?
I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??
