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Answer Posted / surya
Demat account is is stock account to open in the bank for
online purchase and sale of securities such as stocks,
mutual funds, gold etfs. If you wish to sale or purchase
the stocks by investing in way f shares to get maximum
profits.
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define bank Draft
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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