If A invested Rs.50000/- in F.D. & After maturity he got
56500/-. He added more Rs.43500/- in it & make F.D. for
Rs.100000/- how i pass this entry. still bank has not
credited 56500/- to A`s Account. please answer me
Answer Posted / javed
ENTRY-
NEW FD A/C Dr 100000
To
OLD FD A/C 50000
INTEREST A/C6500
CASH A/C 43500
| Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
what will be the entry for inventory
Private purchases amounting to rs 5000 have been debited to purchases account
If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details
what is profit maximisation
Give ONE reason for Balance Sheet to be out of balance
What is accounting ethics?
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
what is mean by sample account and data transfer rule in SAP FI?
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
What is accounting & why it is used?
What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.
what are the basic elements to prepare a quarterly information system and how to calculate that items?
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?