Interested to Buy Any Domain ? << Click Here >> for more details...
I m working in NGO. we have taken loan from a person or other
project in march and returned in may. So what are the
entries in tally should be. what are the ledgers to be
created and under which group? what are the journal entries?
- 1 Answers
- 4247 Views
- I also Faced
- E-Mail Answers
Answer Posted / gulzar singh ( gulzar.thpl@gma
1) When loan Received.
Cash/Bank a/c Dr.
Mr. Loan and company.(assumed name) Cr.
( Ledger Under loan liabilitY)
Being loan amount received.
2) When return.
Mr. loan and Company Dr.
Cash/ Bank a/c Cr.
(Being loan amount returned)
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
What is tally accounting?
What is mean by Asset area?
Tell me about a situation where you showed determination?
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
What is accounting period?
Why TDS not Deducted on Service tax amount of Rent.
WHAT ELEMENTS OF YOUR JOB JNTEREST YOU THE MOST AND LEAST?
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
when dissoluction of firm why investment flchuationfund subtrect from book value
Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
Tell us in accounting, how do you define premises?
What are the different types of gst?
Capital secure should be shown in which side of the balance sheet?
Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.
