How to Close housing loan account while preparing profit
and loss account
Answer / d.selvakumar
First we have to get certificate from housing loan provider
and which inticate how much amount priciple and how much is
interest. The interest amount debited in Profit and loss
account from which we have paid during the year and balance
amount deducted from loan payable account and balance
amount payable should shown in the balance sheet unter
liability side payable.
| Is This Answer Correct ? | 6 Yes | 0 No |
Entry of Accrued and unearned income ?
What is the expanded accounting equation
EXPAND___________NBW
Define `Realisation` Account? Explain the salient features?
What is suspense a/c in balance ?
What are the types of the Balance sheets ?
Under which headings the following transaction appear in bank reconciliation as on 30.06.03 particulars Interest debited by bank Chq issued to suppliers not appearing in bank statement Chq deposited not appearing in bank statement Income not accounted in books appearing in bank statement
What is STPI work in accounting of a company?
2 Answers BPO, STPI, Thomas Cook,
Expand-----RTD
what is deferred revenue expenditure?
i am new to Tally ERP 9. i have a problem facing the negative stock balances for few items. now i want to know, how do i write-off/adjust in Tally and make them NULL/Zero as at 31/12/2011, so that they don;t appear as 'negative' as the opening bal. from 1/1/2012..i have used the physical stock entry screen for the differences stock items. but for those item whose balances is simply Negative appearing from previous years for may be several reasons, how to deal with those? thanks in advance for any help..
what is difference between matching principles and accrual basis principles?