What is the entry for ?

This query is : Resolved

Don Bosco (Querist)
Follow

21 August 2011 Dear Sir / Mam,
Please tell me how to make entry in tally for the following Transactions:

1. In the previous year balance sheet they have shown some bank balances for which the bank accounts have been closed in the previous year itself. But still this amount is carry forwarded. Please tell me how to close this bank accounts this year.

2. In the previous year b/s they have shown some bank Credit balances as Bank loan, but actually it is not bank loan it is stale cheques which is still there with party since in that account there was no balances. Shall we treat it has other liabilities. Please tell me how to make entry for this.

Please do the needful
Thanks & Regards,
Don Bosco

Ravi Jhamb

Ravi Jhamb (Expert)
Follow

21 August 2011 1. When bank account closed then bank gives us the deposit balance DD in favour of the account holder name. so you shuld me entry from one account to other

xyz bank a/c dr.
To abc bank A/c

2. you transferred all stale account in receipt voucher.

Bank A/c
To Stale A/c
Give all necessary detail in naration or referecne.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

MAYANK

CA.Pinank Arvindbhai Shah

prakash takane

Vijay Singh

ashok jain

Subscribe Now

What is the entry for ?

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

GST CONSULTANT

Manager- Finance and Compliance

Senior Executive

Accountant