Interested to Buy Any Domain ? << Click Here >> for more details...
what is the Journal entry for BANK GUARANTEE given by a bank
for our company? Giv an example.
- 4 Answers
- 53865 Views
- I also Faced
- E-Mail Answers
Answer Posted / kevin makwana
Bank Guarantee is not entered in the books of accounts. As per Part 3 to Schedule VI of the Companies Act, 1956, BG should be shown by way of discloser as Contingent Liabilited in Annual Report of the Company. Hence No entry is passed at all.
| Is This Answer Correct ? | 35 Yes | 6 No |
Post New Answer View All Answers
What is a contra entry
what are the voucher entries for depreciation in tally and when?
The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.
How did you chose your university?
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
what role did you play in collections?
I am working in govt. sec. How to make journal entry in books for Fix Deposit
Explain me by saying, perpetual or periodic inventory system; what do we mean?
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
what is the meaning of written-off as goodwill written-off
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?
How to make deductions of the employees from salary against the loan in AP module oracle R12
How to create a liability for Service Tax in SAP
can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?
