New Accounting Interview Questions :: New Accounting Interview Questions en-us treatment of reserve fund in trail balance whether debit or credit. Credit balance becouse it is compny's liabilty to pay back to the shareholdrs due to separate accounting entity concept. Why is Interest A/c debited and Bank a/c credited when interest is c The value of the tax invoice is lesser than the value on the state pe LOSS IS AN ASSET OR LIABILITY ? what is finance Why closing stock are not shown in trial balance? If the purchases are shown in trial balance after deduct closing stock then the closing stock are shown in ttial balance.if not the closing stock are included in the purchase. what is the BRS Analysis and adjustment of differences between the cash balance shown on a bank statement, and the amount shown in the account holder's records. This matching process involves making allowances for checks issued but not yet presented, and fo what is the balance sheet If the words "debits" and "credits" sound like a foreign language to you, you are more perceptive than you realize—"debits" and "credits" are words that have been traced back five hundred years to a document what is the debit and credit when the transactions are shown in left hand side is called debit, by the same way transactions are shown in right hand side is called credit. what do you c- form means "c" form is the form issued by buyer to supplier the purchase transaction is on CST based.when the purchase from out of state. the purchase details by the buyer,CST OF 2% local VAT Excluded.c-form issued by the commercial tax officer.bu Hi, I am a VAT/CST dealer in Pune. I had got a work contract with ot what is consumer product accoutning? What elements of your job do you find most difficult what is purchase tax in rajasthan. difference between vat 47 & vat 49