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![]() Related Questions Latest Answer : In banks point of view debit is a withdrawal and credit is a deposit made by the customer. Pass book is a statement of transactions made by you with the bank, which is just equal to your account in their books. ... Latest Answer : Here we can follow the basic rule of accounting Debit the receiver, Credit the Giver ... Read Answers (4) | Asked by : arnab Latest Answer : As per income tax rules we cannot pay A.P more than 20000/- at single paymentand also from 01-04-07 it has came to know that expenditures exceeding 20000/- cannot be treated as a expenditure in P&L A/C ... Read Answers (1) | Asked by : Karen Latest Answer : Bank Guarantee is the guarantee of payment by bank on behalf of the customer of the bank to the drawee in whose name the guarantee has been issued. ... What is the Debit Balance recovery? How we can recover if we wont have any future transactions from supplier? View Question | Asked by : Ragavan What is the difference between Payments-Liquidation(Disbursements) & Dividend Warrants Liquidation? Both of these products comes under Cash Management services View Question | Asked by : vinod Alex has noticed a problem with the balance showing in the Notes payable account, according to a statement sent by the Bank the notes in question has a remaining balance 75,000.00 while the G/L shows a Latest Answer : debit intrest and credit notes payable ... Latest Answer : cash book in credit side bank side like debit side ... what type of account appear on a post closing trial balance?a) income statement accountsb) balance sheet accountsc) cash flow accountsd) temporary owner's equity accounts Latest Answer : Income/Expense statement sheet Net Profit as the balancing item and this will be taken as Net Profit in Balance Sheet ...
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