What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance

6282

How does Cheques work while processing it in SAP? What are the effects and the methods.

2165

I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category

1926

my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???

1374

How can I put Bank Guarantee Receipt entry in Tally ERP9?

3794

how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.

2307

How to calculate Gratuity & when it's applicable to employee after three years or Five years?...

1802

how sales invoices adjusted against advance received from Debtor?

1843

while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2375

Mention whether the account "cash" will be credited or debited when a company pays a bill?

1112

what is the process of cenvat credit taken in service tax( in direct & indirect service)

3395

Hi wht r da questions which are mostly asked in an Accounts related job for freshers?

1887

What is the difference between inactive accounts and dormant account?

1201

pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.

1964

What are control ledgers? What are the purposes of maintaining it?

1103