what is the Journal entry for BANK GUARANTEE given by a bank
for our company? Giv an example.

Answer Posted / auditya

generally there is no entry for BG in your books
and if required for the sake of records it may be
mentioned as a statement , but no entry will be passed

Is This Answer Correct ?    6 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the differences between accounting and auditing?

624


informance about performance is disclosed by

1802


what is the difference b/w gain and profit?

1510


what are the extraordinary items?

609


Define push down accounting?

609






please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.

4253


I have passed in SBI clerical exam 2009 , pls tell me what question will be asked for interview .pls mail it on my email id sawant.supriya51@gmail.com

1492


Explain financial accounting.

726


What and How to compute an unsecured balances?

1727


Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?

1472


WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY

1540


cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c

1842


Who owns the general ledger?

635


x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?

1694


WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?

1655