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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
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 Accounting General interview questions  Accounting General Interview Questions (2782)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
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 3 No
Prasant M
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Expand RMP   5
What is meant by undercast and overcast in accountancy? Explain with some transactions and their corresponding journal entries.   2
Which of the following is not the sub field of accounting A.Management accounting B.Cost accounting C.Book-Keeping D.Financial accounting   1
can anyone provide me the Balance Sheet Items & Profit & Loss A/c Items & Accounting Heads with Accounting codes?   1
What are the accounting principles or concepts.Expalin briefly. Genpact 6
What is Liquidity   1
What is means by ERS ? Genpact 2
what is the difference between time keeping and time booking?   1
What is the difference between a Proprietor firm, a Partnership firm & a limited company Accenture 2
Can any body answer me what is the logic of writing A/c's payee over the corner of the cheque?   5
What is meant by Repo Rate and Reverse Repo Rate. Capital-IQ 28
what do u mean by preliminary expenditure? what r they? where it is comes? IBM 3
 
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