You give a loan for your friend a 1000 rs he returns 600 rs
and u have to close ur accounts what should u do to close
the accounts? and given the journal entry for 400 rs?and
where will the 400 rs come in new account and entry for that
- 11 Answers
- 18255 Views
- Bank of Baroda, OPI Global, I also Faced
- E-Mail Answers
Answer Posted / chandramouli
When we have paid to Rs.1000 to friend for that
the entry is
Friend a/c Dr.1000
To Cash 1000
When we have receive rs600 cash & to settle the a/c
the entry is
Cash a/c Dr600
Bad DebteDr400
To Friend a/c 1000
| Is This Answer Correct ? | 12 Yes | 4 No |
Post New Answer View All Answers
What is the meaning of Debt reconciliation and how to do debt reconciliation?
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
Exapnd--------RAN
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
what is sales life cycle???
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...
Expand---------OTMD
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
what is cost audit?
How can i prepare MIS report for Finance?
why are you selecting for the profitbulity analysis costing based& active based
Examples of automatic generated content material of car logbook loans?
how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax
What's the meaning of Preferential Creditor?
