Answer / guest

REPO MEANS RE PURCHASING OPTIONS.REPORATE MEANS THE RATE AT
WHICH BANKS BORROW FROM RBI AGAINST SECURITIES

Answer / azaz

repo rates means rbi brrow other bank

Why is Interest A/c debited and Bank a/c credited when interest is charged by the bank?? Here I assume Its an expenses so interest is debited but I don't understand why bank is credited?? Bank is a personal account. Please explain this doubt?

2 Answers  

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IN OUR COMPANY I GOT TELEPHONE BILL IN WHICH TELEPHONE COMPANY HAS CHARGE SERVICE TAX . WHAT ABOUT THESE SERVICE TAX. IS I HAVE TO FILE RETURN FOR THESE.

4 Answers  

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What is standing order

1 Answers   Capital IQ,

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what will be the entry for inventory

0 Answers   Accenture,

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what is the definition of dual reporting in view of global market?

0 Answers  

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i dont know to calculate sales tax. how to calculate sale tax and what are basic procedure to calculation sale tax. i want basic procedure. any to know calculation of sales tax please send my mail. my id: rajendiranraje@gmail.com

1 Answers  

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describe any accounting process that you have developed or revised

0 Answers  

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List out some of the accrued expenses and the accounts in which you would record them?

0 Answers  

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Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?

0 Answers  

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chq. of ICICI received from big jos of rs. 35000/- for credit sale bill no. S/01 andBill no. S/03

1 Answers  

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Value added tax is an expense to be suffered by?

1 Answers  

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I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?

1 Answers  

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