Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 2 Answers
- 4409 Views
- I also Faced
- E-Mail Answers
Answer Posted / rajesh
1st Entry
FD A/c (Debit) 50000
Bank / Cash (credit) 50000
2nd Entry
FD a/c 6500 (debit)
Interest Recd 6500 (Credit)
3rd Entry
FD A/c 43500 (debit)
Bank /Cash (Credit) 43500
| Is This Answer Correct ? | 1 Yes | 4 No |
Post New Answer View All Answers
What is Capital Commitments means?
Tell us what is a cpa?
2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
what are the basic elements to prepare a quarterly information system and how to calculate that items?
what is windows dressing final accounts?,sales a/c belongs to which a/c type?
any one provide me mm & fi configration steps
Private purchases amounting to rs 5000 have been debited to purchases account
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
How the Depreciation will calculate in Company?
what is inter-company transaction? what is Inter-Branch transaction?
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
Explain me some of the examples for liability accounts?
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?
