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
- 4209 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 the distinction between cost accounting and management accounting?
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
How to make a vat entry in books including setoff?
adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off
what are the main important accounting entries for AP and AR ...
What is Provision Entry
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
What is purchase returns accounting
what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..
Accounting Questions
What information is included in a bill for services?
Tell me what does the standard journal entry includes?
what is the method deposit of wct in Delhi
is it related to b.com syllabus or puc syllabus
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
