Interested to Buy Any Domain ? << Click Here >> for more details...
when we compare to bank statement with the our pass book
the enteries are opposite why this happens?
- 1 Answers
- 3478 Views
- I also Faced
- E-Mail Answers
Answer / safayat
When we deposit any amount in the bank account, we increase
our bank balance by debiting in our pass book. As that is
our asset. But for bank, the amount we deposited is a
liability for the bank as the bank is liable to give us the
amount back. So, the bank in their book make our deposited
amount a credit entry. We know, liability is always credit.
| Is This Answer Correct ? | 3 Yes | 0 No |
What is meant by balancing?
what is the diff btw charge and appropriation
7 Answers Capital IQ, FactSet Systems, HP,
what is matching concept
10 Answers Capital IQ, ITC Infotech,
what is current ratio formula
The following figures have been extracted from Katerina’s books of account for the month of April 2010: $ Sales 460 000 Total variable costs 299 000 Total fixed costs 90 000 Profit 71 000 (d) Calculate the sales in dollars necessary to make a profit of $100 000.
Credit Limit enhanced the Bank 10Cr to 15 Cr How to post the entry in accounting books
how to pass return cheque entry in tally erp 9
1 Answers College School Exams Tests,
Sale of Rs.10000, where in 50% is on credit and there 10% discount on the immediete payment. Pass a journal entry for this
What is GR form why we use it and what is the step of GR FORM by various department as some little knoledge of me it is used by custom for wher the FERA is applicate. But I dont now where FERA is applicatble thanks
If We Paid 15000/- For Advertising Exp To XYZ Co,What IS The Entry And In which Ledger It Entered? Is It Necessanry To Make 2nd Entry? Plz Discribe All.
how to calculate the per unit cost of production
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
Audit 
