the bank revised the late payment penalty charges to $750
and to the borrowers A/C, pass the journal entry for the same
Answer Posted / tapan kumar roy
First Bank Charges the amt now it is revised so,
when charges: Bank Charges A/C DR
To Bank
When Revised: Bank A/C DR
To Bank Charges
Is This Answer Correct ? | 5 Yes | 6 No |
Post New Answer View All Answers
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
What is Goods Lost by Fire/Accident/Theft ?
I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T
EXPAND___________NAC
how to check which item is sold by the sundry debtors in tally?
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed
Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.
what is the accounting conventions
Breif notes about accounting standards
what is the subprime?explain it.
Short Answer on _____________Whole Sale Trade
What is specific reserve
what is crisil?what is the advantage of crisil rating?
1.how can carry forward the balance of ledgers to the next financial year in tally erp 9
with out college degree con't we dc accounting job?