when receieve cheque from a party and we deposite cheque in
bank
how do this entry
Answer Posted / amit kumar tiwari
Bank A/C Dr.
To Party A/c
(Cheque No......... Being Amount receive against
Bill/invoice No.......)
From
Amit Tiwari
aktiwari13@rediffmail.com
Is This Answer Correct ? | 22 Yes | 2 No |
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Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!
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