Answer Posted / satish and ramu
the definition of securities as for the "securities
contracts regulation act (SCRA) 1956 includes instruments
such as bonds, shares, scripts, stocks or other marketable
securities of similar nature in.
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Short Answer on __________Accrued interest
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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