Tags |
|
|
Add You - Bank Pass Book or Bank Statement
For those of you familar with DemoCamp, CaseCamp may be the polar opposite with its flashy power point presentations and marketing case studies. For anyone interest in online or interactive campaigns its a great event to see what works and what doesn't. CaseCamp Toronto at The Fifth Club Wednesday night after a summer break and several other CaseCamps around the Canada ( Montreal & Vancouver ). I enjoy CaseCamp because it lets me see how online marketing campaigns are evolving. This months cases included:1. The Greatest Escapes Viral Campaign by Sulemaan Ahmed from SearsTravelSul
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 Person
Career experts say that people will change careers (not jobs) 5-7 times in a lifetime. This being true, career management is an important life skill to develop and cultivate. There are six stages of modern career development: Assessment, Investigation, Preparation, Commitment, Retention, and Transition. Learning the characteristics of each stage will empower you to navigate through each stage easily and with more confidence.In the Assessment Stage, you are getting ready for your life’s work. This stage is characterized by unawareness, in that you are not sure what your values, strengths,
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When cash is withdrawn from bank for use in business.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 To Bank account (for cash withdrawn.)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 Persona
Business plans are not static documents. Rather, they are dynamic documents that change often. Keeping your business plan up-to-date can be a critical factor in both your ability to raise capital and your ability to execute on the opportunity at hand.There are many parts of a business plan that need periodic updates. Sections that most commonly need to be modified include the milestones, competition, management team and financials sections.Milestones: What milestones has your business achieved since the last version of the business plan was prepared? Showing investors that your company
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 Person
If you're feeling strapped for cash and you have at least one product or program to sell, consider having a sale to make some quick income - and make some sales you wouldn't have otherwise!The key, though, is to not use this strategy too often. Otherwise it can seem as though your offering isn't really worth its original price tag. But once in awhile, when sales are slow, like during the holiday season, or when you need an extra few bucks in the bank, having a sale can be just the ticket.Here are some other pointers, with my own experience:1. Have a reason for having your sale: a
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 Person
The key to efficiency in any business or organization is its processes. By processes, we mean the steps and actions that must occur for a particular outcome to be achieved. When those processes go wrong, occur too slowly, or simply don't work, the business or organization does not succeed.Just as processes are the heart of every business or organization, business process management (BPM) is the heart of making those processes work efficiently. Understanding the basics of BPM is the first step in learning how the concept can transform your business.BPM applicationsBusiness process
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 Person
Joint ventures and strategic partnering are common marketing strategies. Many entrepreneurs have extended their reach, impact, and profits by joining with others to reap the benefits of business synergy. Prosperity Partners are above and beyond the JV mindset; it’s about finding people you connect with at a deeper level and allowing that connection to be the foundation of a shared prosperity goal.Finding a Prosperity Partner may be easier than you think. First you have to be in the stream of life rather than sitting on the bank watching the beautiful sailboats go by. Too often people won’t jum
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 realiz
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.addyou.info/article/114072/addyou-Bank-Pass-Book-or-Bank-Statement.html">Bank Pass Book or Bank Statement</a>
BB link (for phorums):
[url=http://www.addyou.info/article/114072/addyou-Bank-Pass-Book-or-Bank-Statement.html]Bank Pass Book or Bank Statement[/url]
Related Articles:
The Right Accounting Software for You
Affiliate - NOT Knowing The Facts Might Take You To Hell
Life After Bankruptcy... Now What? 5 Ways to Repair Your Credit After Bankruptcy
Bookmark it:
|