Interested to Buy Any Domain ? << Click Here >> for more details...
What is the entry for bank guarantee,
- 7 Answers
- 29919 Views
- Karadi Path, Levtech Consulting, I also Faced
- E-Mail Answers
Answer Posted / b.m.rajasekhara rao
Bank guarantees are 3 types 1. Advanced, 2 performance 3. Corporate.
Entry is not required for bank guarantee. It is contingent liability.
It is shown in notes to accounts in year ending balance sheet
If you have given security deposit or fixed deposit against bank guarantee on that time debit to fixed deposit and credit to bank.
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?
Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?
how to pass journal entries for reverse tax on input tax paid
Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?
Tell About ur self what will i say plz help me
my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.
Tell me in accounting, vat abbreviates what?
hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj
Explain compound journal entry.
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
why you want to lecturer
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
how to pass interest on security entries and salary payable entries in tally and how to maintain e-commerce company account please revert me ASAP its needful for me
what do you consider to be the biggest challenge facing the accounting profession today?
How do we calculate the cost of investment?
