Answer Posted / mohd.hasan afaq
Bank Reconciliation statement in which we match the
transactions, bills/checks detail of our cashpook with bank
passbook and identifies the variaces in amounts with the
help of bank statement and our cash ledger.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Explain compound journal entry.
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
How do you classify errors in accounting?
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.
what is the enty for contract bill raised?
Mention the types of ledgers?
What are the rules for debit and credit for different accounts to increase the amount in your business accounts?
How can do it TDS in accounts?
What is bond ? What is capital market?
What is accounting for plant assets?
What are time sheets?
What is the difference between accumulated depreciation and depreciation expense?
Explain me some of the examples for liability accounts?
How time sheets are maintained?