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What is a journal entry for opened a bank account and deposit 50000?
Wiki User
∙ 9y ago
Debit bank account 50000
Credit cash 50000
Wiki User
∙ 9y ago
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What is the journal entry for cash in hand 50000 and bank deposit 30000 for opening a business firm?
cash a/c dr 50000 bank a/c dr 30000 TO CAPITAL a/c 80000
What is journal entry for started business with cash 50000?
debit cash 50000credit capital 50000
What is the journal entry for purchased 5000 shares of its own stock for 10 per share?
Debit Treasury Stock account50000 Credit Cash / bank account 50000
How much can you withdraw from bank account without reporting to irs?
less than Rs.50000
What will the banks balance sheets look like when Jack writes a 50000 check to Maria and the check clears?
The bank will credit maria's account and debit Jack's account
Is pan card required for cash deposit of more than 50000 in nro account?
Not Necessary
Which accounts are involved in the following enteries Dixon opened a bank account in the name of the business by depositing 50000 cash which he had saved over a number for years?
[Debit] Bank Account 50000 [Credit]Cash Account 50000 Bank account as well as cash accounts are involved in this transaction.
What is the journal entry for cash in hand 50000 and bank deposit 30000 for opening a business firm?
cash a/c dr 50000 bank a/c dr 30000 TO CAPITAL a/c 80000
What lump sum will Jim need to deposit now in an account paying 7.25 percent compounded quarterly if he wants to have a balance of 50000 in 15 years?
He should deposit 17017.82
What is journal entry for started business with cash 50000?
debit cash 50000credit capital 50000
What does MOD balance mean?
money on deposit . It is not money on deposit. It is "Multi Option Deposit" which means: you can decide upon the money going to Fixed Deposit for the minimum amount you set for your account. For instance: You have 50000 in your account. In normal scenario, you will be getting interest on the above amount as per saving bank interest rate. But in case you have MOD account, you can decide that what ever amount is surplus of 10000, it goes into MOD balance and for those amount, you get a interest rate as you get incase of Fixed deposit.
What is the journal entry for purchased 5000 shares of its own stock for 10 per share?
Debit Treasury Stock account50000 Credit Cash / bank account 50000
How do you transfer mod balance to available balance?
It is not money on deposit. It is "Multi Option Deposit" which means: you can decide upon the money going to Fixed Deposit for the minimum amount you set for your account. For instance: You have 50000 in your account. In normal scenario, you will be getting interest on the above amount as per saving bank interest rate. But in case you have MOD account, you can decide that what ever amount is surplus of 10000, it goes into MOD balance and for those amount, you get a interest rate as you get incase of Fixed deposit.
How much interest would you get on 50000 at 6 percent each year fixed deposit?
Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest You will get 3000 every year for a fixed deposit of 50000 @ 6% per year
What percentage of Americans have 50000 in a saving account?
10 percent
What would be the journal entry for purchased 5000 shares of its own stock for 10 per share?
General entry in company books as follows: [Debit] Cash/Bank 50000 [Credit] Share capital 50000
What is the journal entry of interest on capital of Rs 50000 10 percent?
[Debit] Interest on Capital 5000 [Credit]Cash/Bank 5000
