What will be the entry for transfer of fixed deposit amount
to their current a/c. (ie. if we hav a FD of Rs.600000 with
the bank, we need to close the FD and transfer the amount
to the current Account.
kindly provide me the entry for this.
- 2 Answers
- 13365 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / arpshah4u
Here FD is already marked as Investment
so entry will be...(only for accounting)
Bank Current A/c Dr.
To, FD Investment A/c
| Is This Answer Correct ? | 10 Yes | 6 No |
Answer / naresh sharma
when we have need to entry transfer
current a/c dr
To Fd a/c cr
| Is This Answer Correct ? | 7 Yes | 5 No |
Expand-------CAN
What is Meaning Of accounting Function , Fund Management, Equities, Mutual Funds, Fixed Income Secrities, Derivative, Accounts of Trade, Share Holder Transaction,Knowledge on Using bloombag?
EXPAND_________VAN
What is the difference between absorption, amalgamation and liquidation of companies? And why realisation account is being prepared ?
Liabilities: 2006 2007 Assets 2006 2007 Trade Creditiors 100 40 Cash atBank 100 65 Bills Payable 50 60 Account/R 105 120 Outstanding Expenses 25 20 B/R 130 140 Bonds Payable 220 140 Inventory 110 40 Accumulated Depreciation: Machinery 120 160 -on Machinery 30 35 Building 300 310 -On Building 75 85 Land 60 130 Reserves 100 115 Patents 55 60 Retained Earning 130 170 share Capital 250 360 Profit from operation after providing Rs.10,000as depreciation on building and Rs.10,000 on machinery and Rs.5,000 as amortization on patents for the year 'April 06- March07' was Rs.35,000. Other revenues for the year were Rs.40,000. An old machine with original cost of Rs.15,000 was sold at a loss of rs.5,000. Prepare Fund Flow Statment and Cash Flow Statment for the year ending March 31 2007 based on the information given above.
What is sales against E-1 Format, and wht are other forms of sales in a company ??
When we issue credit note for free goods charged in invoice, whether we claim sales tax from the dept.
Expand----------MSRT
PLEASE TELL IF I PAID BY CHEK ON 31 MARCH 2009 AND CLEAR IN THE BANK ON 5.4.2010.PLEASE EXPLAIN IT WHAT EFECT ON F.Y AND A.Y.?
when is real ,nominal, & personal a/c's used
Kindly solve the following problem. Financial accounting. 1. Bheema does not maintain his book in the double entry system . His books showed following facts. Receipts for the year ended 31.12.2007 from sundry Debtors 17625.00 Cash sales 4125.00 paid by bheema (proprietor) 2500.00 total 24250.00 payments made for the year ended 31.02.2007 new machinery purchased 625.00 drawings 1500.00 wages 6725.00 salaries 1125.00 interestpaid 75.00 telephone 125.00 Rent 1200.00 lighting 475.00 sundry expenses 2125.00 sundry creditors 7625.00 total 21600.00 Assets and Liabilities As on 31.12.2006 As at 31.12.2007 sundry creditors 2525.00 2400.00 sundry Debtors 3750.00 6125.00 Bank 625.00 ? stock 6250.00 3125.00 plant 7500.00 7315.00 from the Above data , prepare TRADING A/C, PROFFIT & LOSS A/C for the year ended 31st december 2007 and the BALANCE SHEET as on on that date. Kindly solve the problem
expand--------HNSS
Audit 
