tally entry..........

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 January 2011 Amount debited by bank from current a/c

what would be entry; is it contra entry

what would be cr and db entry in these case

thanks
Profile Image

CMA. Subhash Kumar Jha

Profile Image

CMA. Subhash Kumar Jha (Expert)
11 January 2011 look for the purpose of the entry....

if its some kind of charges, then it will be entered as payment entry.

if its for a fund transfer or cash withdrawal, then, yes.... a contra entry will be passed
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 January 2011 sir,
could u please explain.

It is amount debited by bank towards sale deed

if i consider it has charges (payment): what would be the accounts to be credited and debited as there is no cash paid. The bank has debited directly from my account

thanks
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 January 2011 sir,
could u please explain.

It is amount debited by bank towards sale deed

if i consider it has charges (payment): what would be the accounts to be credited and debited as there is no cash paid. The bank has debited directly from my account

thanks
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
12 January 2011 In this case the payment entry need to be made

Dr: Charges a/c
Cr: Bank a/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Trending Online Classes

view all classess

Follow us


Answer Query



Quick Links



Browse by Category