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Company >> Northern Trust >> Northern Trust Questions
 
 Northern Trust interview questions  Northern-Trust Interview Questions (6)
 
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Question   ledger entry for outstanding salaries Rank Answer Posted By  
 Interview Question Submitted By :: Guest
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Answer
salary a/c 10000
 to o/s salary a/c 10000

 
0 Guest
 
 
Answer
O/s salary A/c dr
   To Salary A/c.
 
0 Rocky
 
 
Answer
Salary account Dr
To outstanding salaries
 
0 Mohd Asim
 
 
 
Answer
salary account DR
   TO OUT STANDING SALARIES
 
0 Satya Murty.ch
 
 
Answer
Salary A/c Dr
  To O/S Salary Cr
 
0 Sateessh
 
 
Answer
SALARY A/C DR
TO SALARY PAYABLE A/C
 
0 Dd Verma
 
 
Answer
salary ..................dr
to salary out standing a/c.
(being salary due)

while payment.
salary outstanding a/c......dr
to bank a/c.
(being payment made clear.)
 
0 Narendra
 
 
Answer
for outstanding salary a rule follows i.e. 
Increase in exp. Is debit and decrease is 
credit. So salay is an exp. Provision entry 
for employer shall be
salary a/c dr
to salary payable a/c 
and at the time of payment
salary payable a/c
to cash/bank
                                     AKRAM KHAN
 
0 Akram Khan
 
 
Question   what is the Difference between CC & OD accounts Rank Answer Posted By  
 Interview Question Submitted By :: Parvath Reddy
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Answer
CC IS THE SHORT FORM OF CASH CREDIT ACCOUNT AND OD IS THE 
SHORT FORM OF OVERDRAFT ACCOUNT.CASH CREDIT ACCOUNT IS 
GENERALLY OPENED BY THE BANK FOR EXTENDING AGREED LIMIT OF 
CASH WITHDRAWL WHERE AS OD IS OPENED FOR CLIENT FOR OVER 
WITHDRAWL OF THEIR BANK BALANCE AND FOR BOTH OF THESE 
ACCOUNT SECURITY IN SOME FORM IS GIVEN BY CLIENT TO BANK.
 
0 Anil Dogr
 
 
Answer
CC amount is added while od amount is rollover
 
0 San
 
 
Answer
HELLO FRNDS ACTUALLY ANS IS CASH CREDIT A/C IS U PAY SOME 
CHARGES AND ON BASIS OF SECURITY ALSO U KEEP SOMETHING N 
ENJOY CREDIT FACILITY , NO NEED OF ACCOUNT HAVING BALANCE, 
BUT IN O/D U HAVE A/C HAVING BALANCE BT U WITHDRAW MORE DAN 
THAT.
 
0 Ca Sonal
 
 
Question   Corruption is the price we pay for democracy. Discuss Rank Answer Posted By  
 Interview Question Submitted By :: Guest
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Answer
As said "Corruption is the price we pay for democracy" it 
is true words
As we examin all democrative country,corruption rate are 
getting hiked and nither we can pravent it, nor 
stop.....becouse in the democrative curcomtance wrong 
people get very important position in in tha political 
places.....most important is that how many people with him 
comparesion he is right or wrong........
 
5 Mohd Imran Khan
 
 
Answer
Yes I support this question with reason that now a days 
wrong people are being selected in the right position and 
as corruption rates are hiking such that they are going to 
touch heights in near future.
 
3 Javid
 
 
Answer
"Corruption is the price that we pay for democracy"- I do have two school of thought for it..first is that,Corruption is sumthing that is individual act and has nothing to do with democracy..as democracy signifies the importance of unity and equality and never encourages corruption of any form..second is that,the way we are being taught or made to explain our democracy it sends wrong signals and one feels he/she is free to do whtever he/she wishes to do and this encourages corruption.
 
2 Rahul Kedia
 
 
Question   What is Asset Management? Rank Answer Posted By  
 Interview Question Submitted By :: Babyshree
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Answer
it is systematic process of operating, mainting and upgrading 
assets cost  effectively.
 
0 Roshan Kumar
 
 
Question   why you want to change from software to finance? Rank Answer Posted By  
 Interview Question Submitted By :: Mus
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Answer
Bcoz i love money, wanna count and earn maximum which cant 
be done in software 

Thanx
 
0 Svk
 
 
Answer
the boom has gone of it and finance boom is coming.it's just change of market.
 
0 Ravindra Meghani
 
 
Answer
Finance Doesnt means that is the game of numbers and those 
who are from finance background can do the financial work i 
want to disprove this statement. 

Also if any one wants to make a career in finance field 
then he/she should learn with the basics.

So any one can choose this field at any point of time.
 
0 Sadique
 
 
Answer
Its not the software is gone down so you can opt for
Finance...that means u r indirectly telling that tomorrow
when finance goes down you will look for other
industry...you are not stable.
 
0 Anu
 
 
Answer
A person field of interest may vary with today's market 
improvement. Jumping from 1 field to another you have to 
think a lot and make right decision.
 
0 Shariff
 
 
 
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