Answer Posted / avinandan bose

Dr. Cr.
Date Particulars Rs. Rs.
d/m/y Bank A/C-----Dr. XXX
Interest Recieved A/C XXX
(Being Interest recieved
from Bank)
According to Golden Rules:-
1.Interest Recieved:- Nominal A/C,Income,Credit.
2.Bank A/C :- Real A/C ,comes in, Debit.

Explain which account is responsible for interest payable?

1428

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What is service tax & excise?

1161

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what is the D.V.T. rate from 1/10/2009

2052

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What is the equation for acid-test ratio in accounting?

1143

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What are the advantages of computer accounting over paper accounting?

1035

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under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent

2167

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Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income

1866

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dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?

1528

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sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?

1983

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Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me

1719

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What elements of your job do you find most difficult?

6900

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what is subscription order

2091

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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

1614

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If a transaction was missed completly how do you find it?

2135

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1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax

2259

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