Answer Posted / suman sharma
in case of payment chq bounce:
Dr. Bank A/c
Cr. ------ Party A/c
just a reverse in case of Receipt the cheque :
Dr. ---------------- Party A/c
Cr. ---------------- ----------- Bank A/c
Is This Answer Correct ? | 22 Yes | 3 No |
Post New Answer View All Answers
What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?
what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?
What is a ledger? What do you mean by ledger posting?
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
What are the advantages of double entry system?
What are the basic assumptions in accounting?
Tell me do you possess any knowledge about accounting standards?
sir i want know how to fill vat return
Have you ever heard about tds, what it is?
all GL Related Interview questions with answear
In South Africa, the value added tax is administered by?
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
What is accounting period?
When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?