I have received 75000 as retainer ship fees from ABC company what was the
journal entry I have to pass in my books
- 3 Answers
- 7809 Views
- I also Faced
- E-Mail Answers
Answer Posted / spv@bsl
While raising the bill you have to Dr to ABC Co. and Cr. to
your receipt account
while receiving the fee against above bill Receipt account
(income) a/c Dr and Credit to ABC co.
Income a/c Dr
To ABC Co Cr
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
why creditors a/c dr. to discount received a/c ?
What is the difference between lc and bg(letter of credit
how will decide that vender payment is ok without reco
Financial Accounting
If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes
What and How to compute an unsecured balances?
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
Tell us how can you define departmental accounting?
What are accounting rules called?
What's the accounting entry when an Invoice is created in AR?
What are the reasons which cause pass book of the bank and your bank book not tally?
