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
How Can We Justify the,Real A/C & Nominal A/C?
Explain me by saying, perpetual or periodic inventory system; what do we mean?
goods worth rupees 440 distributes free among the poor?
If there is an excess amt of TDS paid under the head TDS on contractor, then how it can be shown in Annexure of TDS return?
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
i want to wearies heads under direct expenses and indirect expenses
what is mean by sample account and data transfer rule in SAP FI?
Were i have to enter for agreements in tally and in which ledger it will come
Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
Cello pen gross value is 935.89 for 12 nos 14.5% tax
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?
Is financial accounting necessary?
what's the difference between impress cash account and petty cash account
What is reversing journal entries?