Interested to Buy Any Domain ? << Click Here >> for more details...
company office interior work payment paid by MD on his
personal account what is entry in company accounts book & md
personal a/c book?
- 6 Answers
- 8785 Views
- I also Faced
- E-Mail Answers
Answer Posted / nagachandra pattar
A.(in the Co. books)
Interior Asset & expenses a/c Dr XXXX
To M.D.Loan A/c XXXX
M.D.Loan A/c Dr XXXX
To Cash/Bank A/c XXXX
(when it was Paid)
B.(in the Co. books)
Company A/c Dr XXXX
To Cash/Bank A/c
Cash/Bank A/c Dr XXXX
To Company A/c XXXX
(when it was received)
| Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.
What are depreciation and amortization?
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
Do you know offset accounting?
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
What is your greatest achievement and why?
Are there any questions you would like to ask?
What is accounting normalization?
professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally
Explain the concept of responsibility accounting
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
What is "deposit in transit"?
what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?
