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Casual Articles - Bank Pass Book or Bank Statement
Credit cards are actually a loan in disguise. They are not free money. If this golden rule is understood it would prove to be the first step towards avoiding the never-ending credit card debt. Taking a credit means taking a loan from someone who has extra at this time when you don't. But this is the beginning of the credit card debt. Credit card debts come in handy while traveling and other expenses where cash is hard to find or hard to carry. Moreover it is good to have credit card debt limit free for times when cash is sparse.Many people overspend on credit cards and end up in credit card de
When interest becomes due on fixed deposit.Fixed deposit accountTo Interest account(for interest due on fixed deposit account)
When cash is received on realization of fixed deposit. Cash account ...Dr. To Fixed deposit account (for cash received on realization of fixed deposit)
When the amount of fixed deposit is paid in the bank current account. Bank account ...Dr. To Fixed deposit account (for fixed deposit amount on realization paid into bank account)
Savings Bank When money is paid in savings bank account. Savings bank account ...Dr. To Cash account (for cash paid into savings bank account)
When interest is due. Savings
Fed up with being shoveled content by search engine algorithms, a segment of searchers have switched to tagging and social bookmarking to find online information. Can you capitalize off this new wave of search?What is tagging?Tags are basically keywords. A tag can be a category or a subject. When we talk about tagging, all we are basically referring to is how you summarize what your webpage or site is about.Is it about dogs?If so, then you might want to use the tag, “dogs”.What else is your site (or blog) about?Perhaps German Shepherds, Golde
The statement of account is similar to the pass book with the only difference that it is on loose sheet. The statement of account is sent by the bank to the customer of its own whereas it is the customer's duty to send the pass book to the bank for being written up-to-date. Recording banking transactions Banking transactions are recorded in three column cash book. However, jf the triple column cash book is not maintained the transactions would be journalized.
The journal entries are as follows:
Current Account
When cash is deposited in the bank Bank account ... Dr To Cash account (for cash deposited into bank)
When cash is withdrawn from bank for use in business. Cash account ...Dr. To Bank account (for cash withdrawn.)
When payment is made to creditor by cheque to settle his account. Creditor's account ...Dr. To Bank account (for cheque issued-to settle his account.)
When an expenditure is met by the issue of cheque. Expense account ....Dr. To Bank account (for expenses paid by cheque)
When cheque is issued to meet the personal expenses of the proprietor. Drawings account ...Dr. To Bank account (for cheque issued to meet personal expenses.)
When cheque or draft is received from a party. Cash account ...Dr. To Personal account (for cheque received)
When cheque or draft received is paid into the bank. Bank account ...Dr. To Cash account (for cheque received paid into bank)
When cheque or draft is received from a party and is paid into the bank the same day. Bank account...Dr. To Personal account (for cheque received and paid into bank)
When a customer pays the money directly to the bank. Bank account...Dr. To Customer's account (for payment made by a customer directly into the bank)
When a cheque or draft is received from one party and is endorsed in favor of someone' else. Endorsee's personal account ...Dr. To Payee's personal account (for cheque received from - endorsed over to -.)
When bank debits the customer's account with the incidental or collection charges. Bank charges account...Dr. To Bank account (for bank charges charged by bank)
When bank credits customer's account with interest. Bank account ...Dr. To Interest account (for interest credited by bank)
When cheque is dishonored Personal account (Party from whom cheque was received) To Bank account ...Dr. (if it was sent to bank) To Endorsee's personal account (If the cheque was endorsed)
When draft is purchased from bank and sent to some one. Personal account ...Dr. Bank charges account ...Dr. To Cash account (for draft purchased and sent to-)
Fixed Deposit Account When amount is deposited in fixed deposit account. Fixed deposit account ...Dr. To Cash account (for cash deposited in fixed deposit account)
When fixed deposit is made by the issue of a cheque. Fixed deposit account ...Dr. To Bank account (for cheque issued and deposited into fixed deposit)
When interest becomes due on fixed deposit.Fixed deposit accountTo Interest account(for interest due on fixed deposit account)
When cash is received on realization of fixed deposit. Cash account ...Dr. To Fixed deposit account (for cash received on realization of fixed deposit)
When the amount of fixed deposit is paid in the bank current account. Bank account ...Dr. To Fixed deposit account (for fixed deposit amount on realization paid into bank account)
Savings Bank When money is paid in savings bank account. Savings bank account ...Dr. To Cash account (for cash paid into savings bank account)
When interest is due. Savings
What will make your home page interesting? Good design plays an important part in your site's overall effectiveness. But it's not the flash that will interest your audience. It's not the jingles that will connect with your visitor. It's the benefits – the 'what's in it for me' list that create interest and even desire. Create a home page filled with benefits and it will pull your visitors in. What you say your product/service can do is much more attractive than a beautiful web page with weak copy.Promote with benefits instead of your bio, your credentials and even the features of your product/
The journal entries are as follows:
Current Account
When cash is deposited in the bank Bank account ... Dr To Cash account (for cash deposited into bank)
When cash is withdrawn from bank for use in business. Cash account ...Dr. To Bank account (for cash withdrawn.)
When payment is made to creditor by cheque to settle his account. Creditor's account ...Dr. To Bank account (for cheque issued-to settle his account.)
When an expenditure is met by the issue of cheque. Expense account ....Dr. To Bank account (for expenses paid by cheque)
When cheque is issued to meet the personal expenses of the proprietor. Drawings account ...Dr. To Bank account (for cheque issued to meet personal expenses.)
When cheque or draft is received from a party. Cash account ...Dr. To Personal account (for cheque received)
When cheque or draft received is paid into the bank. Bank account ...Dr. To Cash account (for cheque received paid into bank)
When cheque or draft is received from a party and is paid into the bank the same day. Bank account...Dr. To Personal account (for cheque received and paid into bank)
When a customer pays the money directly to the bank. Bank account...Dr. To Customer's account (for payment made by a customer directly into the bank)
When a cheque or draft is received from one party and is endorsed in favor of someone' else. Endorsee's personal account ...Dr. To Payee's personal account (for cheque received from - endorsed over to -.)
When bank debits the customer's account with the incidental or collection charges. Bank charges account...Dr. To Bank account (for bank charges charged by bank)
When bank credits customer's account with interest. Bank account ...Dr. To Interest account (for interest credited by bank)
When cheque is dishonored Personal account (Party from whom cheque was received) To Bank account ...Dr. (if it was sent to bank) To Endorsee's personal account (If the cheque was endorsed)
When draft is purchased from bank and sent to some one. Personal account ...Dr. Bank charges account ...Dr. To Cash account (for draft purchased and sent to-)
Fixed Deposit Account When amount is deposited in fixed deposit account. Fixed deposit account ...Dr. To Cash account (for cash deposited in fixed deposit account)
When fixed deposit is made by the issue of a cheque. Fixed deposit account ...Dr. To Bank account (for cheque issued and deposited into fixed deposit)
When interest becomes due on fixed deposit.Fixed deposit accountTo Interest account(for interest due on fixed deposit account)
When cash is received on realization of fixed deposit. Cash account ...Dr. To Fixed deposit account (for cash received on realization of fixed deposit)
When the amount of fixed deposit is paid in the bank current account. Bank account ...Dr. To Fixed deposit account (for fixed deposit amount on realization paid into bank account)
Savings Bank When money is paid in savings bank account. Savings bank account ...Dr. To Cash account (for cash paid into savings bank account)
When interest is due. Savings
There are many excellent businesses which can provide a very good living for smart business owners and entrepreneurs, but given the right location a hotel business can be one of the best.Before swinging the doors of the hotel open, however, it is important to sit down and work out a solid and professional hotel business plan.Using Your Hotel Business To Provide A Guideline For SuccessHaving such a hotel business plan in place can provide an important guideline for the success of the business, as well as providing much needed information to potential lenders, investors and
When cheque or draft received is paid into the bank. Bank account ...Dr. To Cash account (for cheque received paid into bank)
When cheque or draft is received from a party and is paid into the bank the same day. Bank account...Dr. To Personal account (for cheque received and paid into bank)
When a customer pays the money directly to the bank. Bank account...Dr. To Customer's account (for payment made by a customer directly into the bank)
When a cheque or draft is received from one party and is endorsed in favor of someone' else. Endorsee's personal account ...Dr. To Payee's personal account (for cheque received from - endorsed over to -.)
When bank debits the customer's account with the incidental or collection charges. Bank charges account...Dr. To Bank account (for bank charges charged by bank)
When bank credits customer's account with interest. Bank account ...Dr. To Interest account (for interest credited by bank)
When cheque is dishonored Personal account (Party from whom cheque was received) To Bank account ...Dr. (if it was sent to bank) To Endorsee's personal account (If the cheque was endorsed)
When draft is purchased from bank and sent to some one. Personal account ...Dr. Bank charges account ...Dr. To Cash account (for draft purchased and sent to-)
Fixed Deposit Account When amount is deposited in fixed deposit account. Fixed deposit account ...Dr. To Cash account (for cash deposited in fixed deposit account)
When fixed deposit is made by the issue of a cheque. Fixed deposit account ...Dr. To Bank account (for cheque issued and deposited into fixed deposit)
When interest becomes due on fixed deposit.Fixed deposit accountTo Interest account(for interest due on fixed deposit account)
When cash is received on realization of fixed deposit. Cash account ...Dr. To Fixed deposit account (for cash received on realization of fixed deposit)
When the amount of fixed deposit is paid in the bank current account. Bank account ...Dr. To Fixed deposit account (for fixed deposit amount on realization paid into bank account)
Savings Bank When money is paid in savings bank account. Savings bank account ...Dr. To Cash account (for cash paid into savings bank account)
When interest is due. Savings
The year 1873 was a pivotal moment in history for the little-known fact that it was then the man who was described as knowing-all-that-there-is-to-know-in-the-world, died. That man was renowned British economist and philosopher, John Stuart Mill.Unquestionably John Stuart Mill was an exceptionally intelligent, well-read and knowledgeable individual, but to ascribe him the ability of knowing-all-that-there-is-to-know-in-the-world, even in 1873, is to put it mildly, truly stretching the limits of belief.Today of course such a notion is outright laughable. Change in the world
When bank credits customer's account with interest. Bank account ...Dr. To Interest account (for interest credited by bank)
When cheque is dishonored Personal account (Party from whom cheque was received) To Bank account ...Dr. (if it was sent to bank) To Endorsee's personal account (If the cheque was endorsed)
When draft is purchased from bank and sent to some one. Personal account ...Dr. Bank charges account ...Dr. To Cash account (for draft purchased and sent to-)
Fixed Deposit Account When amount is deposited in fixed deposit account. Fixed deposit account ...Dr. To Cash account (for cash deposited in fixed deposit account)
When fixed deposit is made by the issue of a cheque. Fixed deposit account ...Dr. To Bank account (for cheque issued and deposited into fixed deposit)
When interest becomes due on fixed deposit.Fixed deposit accountTo Interest account(for interest due on fixed deposit account)
When cash is received on realization of fixed deposit. Cash account ...Dr. To Fixed deposit account (for cash received on realization of fixed deposit)
When the amount of fixed deposit is paid in the bank current account. Bank account ...Dr. To Fixed deposit account (for fixed deposit amount on realization paid into bank account)
Savings Bank When money is paid in savings bank account. Savings bank account ...Dr. To Cash account (for cash paid into savings bank account)
When interest is due. Savings
Bad credit and debt consolidation – two different words but still inter-related. Both these terms are related and are attached to you because of your debts.A person gets the tag of bad credit with him when he defaults in making payments. These payments can be regarding your debts installments, credit cards payments, late payments, or non-payments. It is very easy to get such tag with you but very difficulty to get away from. A bad credit history may even deny you from taking a loan.Here debt consolidation comes to your rescue. A debt consolidation can be defined as a process of combinin
When interest becomes due on fixed deposit.Fixed deposit accountTo Interest account(for interest due on fixed deposit account)
When cash is received on realization of fixed deposit. Cash account ...Dr. To Fixed deposit account (for cash received on realization of fixed deposit)
When the amount of fixed deposit is paid in the bank current account. Bank account ...Dr. To Fixed deposit account (for fixed deposit amount on realization paid into bank account)
Savings Bank When money is paid in savings bank account. Savings bank account ...Dr. To Cash account (for cash paid into savings bank account)
When interest is due. Savings bank account ...Dr. To Interest account (for interest credited by bank)
When cash is withdrawn from bank Cash account ...Dr. To Saving bank account (for cash withdrawn from bank)
Bank Loan When loan is given by bank in cash Cash account ...Dr. To Bank loan account (for loan withdrawn from bank)
When the amount of loan is credited by bank in current account. Bank account ...Dr. To Bank loan account (for loan credited by bank in 'current account)
When interest becomes due on loan. Interest account to Bank loan account (for interest due on loan)
When loan is repaid.
Bank loan account ...Dr. To Cash account (if paid in cash) To Bank account (if repaid by cheque).
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