BANK GAURANTEE JOURNAL ENTRY

A/c entries 112 views 2 replies

COULD SOME ONE HELP WITH OURNAL ENTRY FOR BELOW BG

TENDER AMOUNT :- 10,00,000/-

BG AMOUNT @ 5 %    50,000

BG COMMISION ANNUAL  2.4 %  :-   1200/-

ADD GST 12 % 

FD 25 % OF BG AMOUNT  :- 12500/-

 

PLEASE LET ME NOW THE SEQUENCE  OF JOURNAL ENTRY AND ALSO THE ENTRY ONCE THE BG IS EXPIERED AND THE MARGING MONEY IS REFUNDEDE AND FD IS RELEASED

Replies (2)
For bg commission

bg commision 1200

to bank

OK WHAT WILL BE BE  ENTRY FOR FD AGAIST BG AND SECONDLY WHEN THE BG EXIPRES AND FD IS RELEASE WHAT WILL BE ENRTY


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