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Journal entry

CA SANTOSH SAH (CHARTERED ACCOUNTANT) (183 Points)

12 December 2012

Dear Friend,

How to check the Interest of Bank in case of Bank Overdraft .

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10 Replies

Vicky (Finance Professional) (57 Points)
Replied 12 December 2012

Dear Santhosh, your question is not clear. Please clarify for our understanding.

Ashish Ranjan (Chartered Accountant in Practice) (188 Points)
Replied 13 December 2012

You can check it from your overdraft account statement

sanjay (accountant) (63 Points)
Replied 20 December 2012

purchase CCTV Camera

1 Like

sanjay (accountant) (63 Points)
Replied 20 December 2012

cctv cameras purchase for our classroom

how to entry in tally

1 Like

CMA RAVI (ASSISTANT MANGER - FINANCE) (478 Points)
Replied 24 December 2012

Originally posted by : sanjay
	cctv cameras purchase for our classroom how to entry in tally

OFFICE EQUIPMENT A/C Dr

to BANK A/C

(BEING CCTV CAMERAS PURCHASED FOR CLASSROOM)

Jag Bhushan Sharma (Faculty in a B-School) (633 Points)
Replied 27 December 2012

Santosh, do you mean that how to verify the calculations of interest in the overdraft statement? If that is the case ask bankers the current rate of interest they are charging and on daily product basis check the interest calculation. I am attaching a link to some videos for CPT for your kind feedback. Very soon I will add more videos for CPT AND IPCC. https://www.youtube.com/user/jbsclasses

Sonu Kumar (Account Manager) (665 Points)
Replied 27 December 2012

Dear Mr. Santhosh,

You Can Get Bank Statement from Your Bank on Monthly Basis. Bank Rate are Clearly Given on Statemnt ....on the Basis of Statement Calculate Interest on Daily Closing Balance Basis.

1 Like

CA SANTOSH SAH (CHARTERED ACCOUNTANT) (183 Points)
Replied 18 January 2013

Deaar Sir,

Your answer is correct to find out Interest rate from Statement but bank statement is found very late so I want to know the Interest rate before receiving Bank statement.

V P Narasimhan (Accounts Manager) (791 Points)
Replied 18 January 2013

Dear

You can find on the top of the Bank Statement if its SBI. The reason behind not mentioning in the statement is it may varies from time to time. To avoid all these you can searcg in google for your particular Bank.

siva durga prasad (Internal Auditor ) (34 Points)
Replied 22 January 2013

Originally posted by : CMA RAVI
	Originally posted by : sanjay cctv cameras purchase for our classroom how to entry in tally OFFICE EQUIPMENT A/C Dr to BANK A/C (BEING CCTV CAMERAS PURCHASED FOR CLASSROOM)