what is entry of loan & Advance given to Client Rs. 4 crore
@ 3% per month for one year,Interest Recievable,Interest
Recd.
Answer Posted / dinesh jangid
1. LOAN & ADVANCES A/C DR. 40000000.00
TO CASH/BANK A/C 40000000.00
2. INTEREST RECEIVABLE A/C DR. 1200000.00
TO INTEREST A/C 1200000.00
3. CASH/BANK A/C DR. 1200000.00
TO INTEREST RECEIVABLE A/C 1200000.00
Is This Answer Correct ? | 33 Yes | 2 No |
Post New Answer View All Answers
what is the primary of for-profit organisation
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
what are the limitations of accounting ratios?
Under what type of account do the unearned revenues fall?
how to finalised the Balance sheet & profit & loss A/C
Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?
Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me
What are the functions of manger -accounts and manager-finance?
formula of reduction in tax credit of vat form 201(gujarat)
What is vendor?
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
what is the diffrence between cash flow & cash fund?
Ledger Enteries
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
What is an operative accounts?