in tally how to enter cheque receipts and cheque payments
Answer Posted / purushoth
if i will get income 10000
Receipt Entry
Bank a/c cr 10000
Party a/c dr 10000
If i will Expenses 10000
Payment Entry
Expenses a/c Dr 10000
Cheque(Bank) a/c 10000
| Is This Answer Correct ? | 6 Yes | 4 No |
Post New Answer View All Answers
Difference between depreciation according to cost principle and matching principle
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
Tell me do you think accounting standards are mandatory and why?
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
What is Provision Entry
How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??
Explain dual aspect term in accounting?
how to pass entry in tally Rs 50000 cheque paid to son by father
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
Which accounting applications are your familiar with?
Explain what makes a successful account manager?
Explain me scrap value in accounting?
What is the double entry system explain its rules with examples?
What is the use of form D in sale tax
Explain have you ever prepared mis reports and what are these?