Answer / subhash

Dr. ------------------Bank A/c
Cr. ------------------------------ Party A/c

just a reverse workin of payment voucher and
in case of Receipt the cheque

Dr. ---------------- Party A/c
Cr. ---------------- ----------- Bank A/c

Answer / rajanikar reddy

DebtorsA/C---------Dr
To Bank A/C

Answer / suman sharma

in case of payment chq bounce:

Dr. Bank A/c
Cr. ------ Party A/c

just a reverse in case of Receipt the cheque :

Dr. ---------------- Party A/c
Cr. ---------------- ----------- Bank A/c

Answer / sheetal kumar garg

customer a/c dr

To bank a/c

Answer / tejas birajdar

Do it at the time of Payament- First you have to check that
whether the check has been reterned in the same month if
yes then you no need to pass the payment entry in your
books as the check has been bounsed. from your a/c only
Debit the bank charges OR you have to reclass the payment
entry from your books if the first payament entry has been
recorded.

Do it at the time of Receipt- No need to pass this entry if
the check bounsed in the same month OR Reclass the receipt
entry from your books if you has been passed.

Answer / vijay

debitor a/c dr
bankchcarges a/c dr 
  to main bank a/c
(payment time)

My question is why we debit the input tax, and cradit the output tax. wt is the logic and wt is the principal behind it adil khan( CA STUDENT)

2 Answers   Asia Transport,

What is the accounting treatment for goods taken from business for office use

2 Answers  

contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?

0 Answers   Ankur Drugs Pharma, Infosys, RR Donnelley,

How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

0 Answers  

p i r round ?

5 Answers  

Why you join CA Profession?

2 Answers  

Tell me,as per companies which section P&L Account and balance sheet will be prepared

2 Answers  

what is contingent liabilty, how it shows in balance sheet?

5 Answers  

what is runing finance?

2 Answers  

How to show discount received in Tally?

3 Answers  

what is the new rate of c.s.t in uttraklhand

0 Answers   Genpact,

Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

0 Answers