Answer / ravi

suppose a cheque amount of 10000 received through neft to our
bank account. which entry to be passed, contra or bank receipt
or bank payment and same when we pay a cheque and it is
cleared

Answer / ravi

payment short cut key is f5 payment made bycheque the entry is
party a/c dr
to bank

receipt short cut key is f6 receipts made by cheque the entry is


bank a/c dr
to party

Answer / purushoth

if i will get income 10000
Receipt Entry

Bank a/c cr 10000
Party a/c dr 10000

If i will Expenses 10000
Payment Entry

Expenses a/c Dr 10000
Cheque(Bank) a/c 10000

Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ?

0 Answers  

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At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount

0 Answers  

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what is depreciation ? and its entries ?

8 Answers   Genpact, HC, HCL, HP, TCS,

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I have a questions regarding booking transaction. what is I want to loan my company 10k transaction will be recorded as follows "CASH" 10k debit "Payable to partner" 10K as credit. So when I used company debit card for my personal use can I book this as a loan repayment? which means I will have to Debit account " Payable to Partner and credit "Cash"

1 Answers  

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What is ‘Dual Control’ in Master Records?

1 Answers  

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What is difference between Cash Flow and fund flow

0 Answers  

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Pls let me know Job profile for Account Manager.

0 Answers  

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What is debit and credit?

7 Answers  

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what is the procedure to appoint an Austrlian citzen as indian company director...

0 Answers  

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what is Goodwill? What kind of Asset for the company?

5 Answers   Accenture,

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Tell us what do you believe should be an important quality of an account executive?

0 Answers  

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You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically

0 Answers   IBM,

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