My company has taken a car Full payment car cheq throw after loan from ICICI Bank, Assume . Plz pass the entry umesh

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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?

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what is the nature of profit and loss approprition account.which entity prepare this.

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Explain me bills receivable?

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if a company go with new public issue so what effect will it make on the devident ration of present shareholder?

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hi friends how many types of vouchers there i know cash voucher, debit voucher, credit voucher, journal vourcher, purchase voucher, sales vouchers, if any other voucher is there pls tell me friends

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Account for letter of credit in the books?

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Which accounting applications are your familiar with?

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What is mean by authorized capital of company.?

3 Answers   Mphasis,

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Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.

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for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?

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what is Bank Reconciliation Statement (BRS) give detailed explanation with causes?

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