:: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Categories >> Accounting >> Accounting General


 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4360)
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
# 1
Financial accounting is the collection, recording,
classification and proper presentation of financial
information or date in such a way that all external agencies
such as income tax authorities, government, shareholders,
creditors of a company can understand it easily. From the
data presented by financial accounting, these external
agencies can easily understand what exactly is going on in a
company. They can know the financial strengths and
weaknesses of a firm by the financial data presented through
the process of financial accounting. Managerial accounting
is related to the accounting work done for the better
understanding of facts for the management of the company.
Management accounting is not done for any outside party, but
only for the company management to know where they should
give more attention to post better financial results.

Another difference between these two types of accounting is
that financial accounting is mandatory whereas management
accounting is optional.
Is This Answer Correct ?    13 Yes 2 No
Ameet Narayankhedkar

Other Accounting General Interview Questions
  Question Asked @ Answers
if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what is the entry in tally? Genpact 6
What is the meaning of Trial Balance.   3
what does mean ledger   1
What do you mean by Accountancy and Accounts?   3
I have an invoice here amounting to $1893.60 (purchases), a credit note of $61.00. I have paid the vendor $1,832.40. How should I record my entry? I am aware that the credit note entry is using journal and the payment is using payment voucher. But I am not sure how to post the entry. Please help. Many thanks.   4
what is financial year?what is the difference between accounting and financial year   1
What is MIS report and Expalain with Explamples by using MIS format   3
i have dot regarding journal entry on capital A/c, int cap A/c --- dr cap a/c is it correct , if so y can u give an answer   1
i want to know about Bonus and Gratuity, i am working as a accountant from July'10 some private organization is it applicable for me   2
Is there any significance between Bank Reconciliation and Account Reconciliation in Accounts?   2
when we file Vat audit report   3
what is Schedule-2 in Balance Sheet.   1
For more Accounting General Interview Questions Click Here 

Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
Copyright 2013  All Rights Reserved.   ::