what is legal meaning of CLEAR BALANCE mentioned in
bank passbook of a saving account ?
Answer Posted / neeraj khurana
Clear balance means the amount lying n account after
considering all transactions viz. debit and credit by bank
till that date ...that is ---other than any uncleared
cheque if any of uncleared credit if any till the closing
hours of bank for that particular date
Is This Answer Correct ? | 26 Yes | 7 No |
Post New Answer View All Answers
what is one way , two way matching , three way , four way matching ?
Tell me what is “deposit in transit”?
What is the distinction between cost accounting and management accounting?
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
Accounting for vc money in financials
what is the deference between depreciation explanation
Tell me how can you define departmental accounting?
How to pass journal entry of gifts purchased for employee by using campany ATM card
If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .
What does the investment of personal assets by the owner will do?
Explain compound journal entry.
on what rate depreciation will be calculated?
Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
purchase return liability or asset?should it be included in the balanced sheet?