What is entry in TALLY for newly bank A/c open for company
at starting of business?

Answer Posted / dayakar

in bank account we have to pass entry
the entry wil be
To Cash A/c

Is This Answer Correct ?    3 Yes 12 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the benefits ofparticipation in a depository?

2019


closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?

1241


what are the difference between banking institutions and financial institutions?

1563


What is the difference between income statement & Profit&loss A/c?

1474


what are all the formulas used in bank to calculate their economy

1606






Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

1843


How do you handle lack of direction or working in chaos

1585


If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

1608


What is Mean By FRS for HQ reporting, How To Prepare?

1626


please provide wct retun guide line how can prepaire that

1912


let me know the minimum Accounting Heads in an accounting system

4232


what is the core accounts

1686


You placed an Order for some books but it was not delivered on time or the books were damaged, so are write Complaint Letter to the Shopkeeper about it.

1759


Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

621


Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry

1548