Bank od entries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2013
bank od a/c entries
26 March 2013
Clik the following link the same entries in such link will applicable for OD also.
https://www.caclubindia.com/experts/bank-cc-a-c-all-entres-1267889.asp
OM SAI SRI SAI JAI JAI SAI
https://www.caclubindia.com/experts/bank-cc-a-c-all-entres-1267889.asp
OM SAI SRI SAI JAI JAI SAI
26 March 2013
Why you being confusion. How will you pass entries for the Savings account or Current account same as to be pass entries for OD or CC accounts. But savings account or current account will disclose under current assets at the balance sheet because these are deposit account and OD or CC account will disclose under Loans and Liabilities at the balancesheet because these are loans(i.e liability).
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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