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What is the journal entry if i received 10000 as a interest income and 10 percent percent advance income tax paid?
Wiki User
∙ 9y ago
debit cash 9000
debit tax 1000
credit interest income 10000
Wiki User
∙ 9y ago
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What is journal entry when started business by borrowing cash from friend with interest 12 percent?
[Debit] Cash account xxxx [Credit] Capital xxxx Interest will paid after a year when it will due.
What is the journal entry for amount received for 50 percent sales?
At the time of actual sales[Debit] Accounts receivable (full amount)[Credit] Sales revenueWhen half amount received[Debit] Cash / bank (half amount)[Credit] Accounts receivable
What is the journal entry for credit sales 50 percent now and 50 percent later?
debit accounts receivable (for 50% Sales)credit sales revenue
What does 2 percent monthly interest translate to in annual interest?
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
What is pcpa as interest rate?
P.C.P.A. stands for Percent Compounded Per Annum.
How much interest is paid to cash advance lenders?
Cash advance lenders charge outrageous interest rates to borrowers, ranging anywhere from thirty percent to three-hundred percent. This is why it is advised never to borrow from a cash advance lender.
What is the journal entry of interest on capital 5 percent pa for a month?
o.5
What is the journal entry of interest on capital of Rs 50000 10 percent?
[Debit] Interest on Capital 5000 [Credit]Cash/Bank 5000
What is journal entry when started business by borrowing cash from friend with interest 12 percent?
[Debit] Cash account xxxx [Credit] Capital xxxx Interest will paid after a year when it will due.
What is the journal entry if someone borrowed cash from you with an interest of 6 percent per month?
Debit short term loanCredit cash / bank
What are the ratings and certificates for Person of Interest - 2011 One Percent 2-14?
Person of Interest - 2011 One Percent 2-14 is rated/received certificates of: Netherlands:12 USA:TV-14
Is 90 percent advance or proficient?
Is 90% advance or proficient
Alfred wants to invest 4000 at 6 percent simple interest rate for 5 yrs how much interest will he received?
1200 rate*money invested*interest(divided by a 100) 5*4000*.06=1200
Is it legal to advance the bunos from the govagency to private company or individual with 70 percent interest rate plus deduction of any obligation of yours from the said private company or corporatio?
Some of the words used aren't entirely clear ("bunos"?), but a "70 percent interest rate" cannot possibly be legal.
If the interest rate is 7 percent What is the present value of 150 to be received in 10 years?
pv= 150/(1+.07)^10 76.14
What is a typical interest rate on an emergency cash advance?
Typically, the amount you pay for an emergency cash advance or payday advance loan is 15 to 30 percent of the amount borrowed. Most often the rate is $25 per $100 borrowed. That amounts to a 650% APR, but you normally repay it in two weeks.
How much is 3 percent interest on 150000?
3 percent interest on 150000 is 4500.
