Month end closing entries with example

1 Answers   Openhand, SJ Group,

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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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how to calculate vat,pf,esi,service tax in corporate firm

0 Answers  

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how do made in finalization

0 Answers  

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What elements of your job interest you the most, and least?

1 Answers   Insurance, Pharmaceutical, Sahajanand, Taikisha,

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What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance

0 Answers  

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What is difference between provisional and projected balance Sheet

2 Answers  

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what is accounts?

9 Answers  

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what are the direct expense of loan department in banks.

0 Answers   MagicBricks,

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Principles of accounting

4 Answers   Bank Of America, Genpact,

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You own 50 shares of reliance indu. On 30th Jan 2013 Reliance indu.delcared a dividend fo rs 4 per share. The proceeds were credited to your bank account on 25th March 2013. Payment fo dividend was subject to a withholding tax 2%. Please pass the necessary journal entries in your books of accounts for the period Jan and March 2013.

0 Answers   AXA Business Services,

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mention five items that is commonly use when preparing trading and loss account

2 Answers  

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