Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

A borrower pays $1000 towards the late payment penalty to a
bank A pass the necessary journal entry

Answer Posted / shiv gupta

Penalty A/c            Dr.                      1000
 (Under Indirect Exp.)

     To Bank A   A/c                          1000

Is This Answer Correct ?    9 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Difference Between Revenue & Capital Expenditure (Give an Example of each )

2155


HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?

2055


whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector

1717


How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment

2186


What is revaluation of assets.when it occurs

2289


state and explain THREE types of situation to which accounting concept might be applicable

2132


Short Answer on __________Leverage

2163


CAN ANY OF U TELL ME WHAT QUESTION ACTUALLY ASK IN OPERATION ROUND IN BA CONUTNNIUM SOLUTION

2020


WHAT IS PROSPECTUS?

2147


Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?

2232


Who will be called as consignee

2107


Short Answer on __________written Down value

1937


Pls Explain Accounting Standered 1,3,11,29

2359


KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)

2017


How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?

2950