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15y ago

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What is the Types of original book of entry?

1.cash book 2. bank book 3.general journal


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What is the journal entry for withdrawal from bank?

Debit cashCredit bank


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Journal entry for opening a bank account


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interest allowed by bank


What is journal entry of paid into bank?

bank a/c to cash a/c


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bank a/c dr to bank loan a/c


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Bank guarantees given by the entity can be verified as follows, 1) Authorisation for the bank guarantees entered by the entity. This can be verified through copies maintained by the entity. 2) We can request for bank confirmation containing the details of bank guarantees entered by the entity with that particular bank. 3) For the gurantees entered for the benefit of its subsidiaries / associates, we can verify the details of the same with statutory register maintained under section 372A of Companies Act,1956