Answer Posted / h.r. sreepada bhagi

It can be booked in 'Legal & Professional Charges' A/c under
Expenses. This will be charged off to P&L A/c of the
relevant period.

However, if the expense is very huge & will impact the P&L
A/c of the year of expense, it can be deferred for more than
one year also.under the head 'Deferred Revenue Expenditure'.
Balance not charged off at the end of the accounting period
will be shown in the Balance Sheet under 'Miscellaneous
Expenditure' Not written off or adjusted.

Pass the journal entry: rent outstanding

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swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

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Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!

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