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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
in Accounts we are using provisions ? what is provisions?
 Question Submitted By :: Venkateshpentam
I also faced this Question!!     Rank Answer Posted By  
 
  Re: in Accounts we are using provisions ? what is provisions?
Answer
# 1
We have done some expenses but invoice or bill not yet
received but expenses related to current month for that we
passed an entry against those expenses with approximate
value or previous comparison value ,it is an activity
perform end of the month we say month end closing activities.
 
Is This Answer Correct ?    2 Yes 2 No
Prasant M
 

 
 
 
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What is revenue for Insurance Company?  2
what is accouting Genpact4
Who will be called as consignor  1
2. Contingent liabilities should be recorded in the books when; a) It is probable that the future events will occur b) The amount of the liability can be reasonable estimated. c) Both (a) and (b) d) Either (a) or (b) FactSet2
how margnial costing is used in manufacturing sectors, what is the method/steps for using marginal costing Bosch2
What do you mean by ratio analysis Telco1
why closing balance do not come in trial balance?if it is in which case it comes? HDFC4
Choose the right answer Which of the following is Nominal account 1.Sales 2.Customer 3.Dealesrship Deposit  2
i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c  12
what is the meaning of bank reconcilation  3
income tax refunds should be accounted for on cash basis or accrual basis  1
 
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