Explain how the following transactions would be recorded in
a cash book with Cash and Bank columns?
i) Deposit of cash into Bank
ii) Withdrawal of money from Bank for office use
iii) Deposit of cheques (received from others) into Bank
iv) Dishonour of cheques deposited into Bank
I need a detailed answer..thanks..
Answer Posted / rahul
dishonour of cheques deposited into bank
Is This Answer Correct ? | 6 Yes | 8 No |
Post New Answer View All Answers
journal entry for goods withdrawn for personal use
state (5) accounting concepts and give 1 example of each
why we multiply no. of purchasing year with average profit
What is a ledger in regards to accounting?
Why you want to change???
Is it compulsary to give TOEFL for applying US visa.
How can you do credit control?
how to individual capital account.
What is cash flow and fund flow?
How to pass journal entry of gifts purchased for employee by using campany ATM card
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
How do you handle rejection?
DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?