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2 years ago

Bank charged interest on overdraft Rs. 500 journal entry

Business

1 answer:

Komok [63]2 years ago

7 0

Answer:

interest is overdraft a/c.

Explanation:

In the cash book the above entry would be recorded on the credit side and as we know that pass book is an exact opposite record of the cash book so, interest on bank overdraft would be recorded on the debit side of the pass book

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PLEASE HELP RECORD THIS ENTRIES IN THEIR RESPECTIVE JOURNALS

julsineya [31]

Yess i need help on this too

3 0

3 years ago

Cynthia, requested a two-week leave from her employer to go on a religious pilgrimage. The pilgrimage was not a requirement of h

Volgvan

Answer: No. It does not violate Title VII if Cynthia's employer does not grant her the leave.

Explanation:

From the question, we are informed that Cynthia, requested a two-week leave from her employer to go on a religious pilgrimage and that the pilgrimage was not a requirement of her religion, but Cynthia felt it was a calling from God.

Based on the scenario, Title VII is not violated if Cynthia's employer does not grant her the leave. According to the court, when an employee says that based on his or her religious belief, he or she is required to go to a pilgrimage, the person has to prove beyond reasonable doubt.

In this case, her church which is the Roman Catholic didn't call for a pilgrimage as it was her personal choice. Therefore, Title VII is not violated if Cynthia's employer does not grant her the leave.

3 0

3 years ago

Suppose that the world price of oil is $70 per barrel and that the United States can buy all the oil it wants at this price. Sup

inysia [295]

Answer:

The supply and demand curves for the United States are shown in the graphs attached.

Explanation:

Free trade in oil implies that a country in the international oil market can import as much oil as it wants and export as much oil as it wants.

The costs of demand and the revenues obtained in each case are given below:

QD1 cost = 68 × 70 = $4,760

QS1 revenue = 16 × 70 = $1,120

QD2 cost = 470 × 70 = $32,900

QS2 revenue = 15 × 70 = $1,050

QD3 cost = 672 × 70 = $47,040

QS3 revenue = 14 × 70 = $980

QD4 cost = 874 × 70 = $61,180

QS4 revenue = 13 × 70 = $910

QD5 cost = 1076 × 70 = $75,320

QS5 revenue = 12 × 70 = $840

Find the graph attachments.

7 0

3 years ago

Monroe county levies a tax on the value of real property located within the county. The tax equals 3 percent of the property's a

Vikentia [17]

Answer:

a. $39,000

b. $85,000

Explanation:

The computations are shown below:

a. Tax on real property would be

= Valued of real property × tax rate

= $1,300,000 × 3%

= $39,000

b. Tax on real property would be

= Property's assessed value up × tax rate + difference of property value × increased tax rate

= $2,000,000 × 3% + $2,500,000 × 1%

= $60,000 + $25,000

= $85,000

8 0

3 years ago

Jack's Toys sells kites for $35 each. Variable costs are per kite. Fixed costs are per month. What is the contribution margin r

Nezavi [6.7K]

Answer:

contribution margin ratio= (selling price - unitary variable cost) / selling price

Explanation:

We weren't provided with enough information to calculate the contribution margin ratio, but, I will provide the formula and an example to guide an answer.

<u>To calculate the contribution margin ratio, we need to use the following formula:</u>

contribution margin ratio= (selling price - unitary variable cost) / selling price

<u>For example:</u>

Selling price= $35

Unitary variable cost= 23

contribution margin ratio= (35 - 23)/35

contribution margin ratio= 0.34

5 0

3 years ago

Bank charged interest on overdraft Rs. 500 journal entry​

Bank charged interest on overdraft Rs. 500 journal entry