What is journal entry

Answer Posted / kunal srivastava

The entry made in books of accounts which does not affect cash and bank is called journal

Is This Answer Correct ?    53 Yes 17 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

my qustion is what is H foam and where use

1381


What is deffered income

1692


How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?

1715


How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment

1596


How i pass the share holders capital entry in Tally? How to set this option in Tally?

3462






From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

3747


describe how accuracy in trial balance is a prime objective for preparing the financial statements?

1577


Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it

1442


what is the system of accounting and banking in cooperative bank?

2992


Who to create a budget on software company

1789


Short answer on____________Assessment Year

1341


Clasify capital

1519


hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?

1499


Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

1695


What is specific reserve

2012