What is accrual accounting?


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More Accounting General Interview Questions

Non-performing Asset (NPA)

3 Answers   Bank Of America,


Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

0 Answers   WNS,


what is use of cost center category in tally ? why & when use this ? what is benfit ?

0 Answers  


The Actual Rent was 12000,in the month of Feb i had paid 15000 and in the month of march i had paid 3000. Pass the necessary Journal entry for this.

27 Answers   Accenture, Genpact, Sunshine,


what is insurance ? how many types of insurance?

2 Answers  






why Prepaid Expense is treated as an asset & what will be its journal entry using golden rules of accounting.

4 Answers  


what are the elements of the companay

0 Answers   HDFC,


Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.

0 Answers  


Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?

0 Answers  


Outstanding Income & Advance income - Will it be shown in P&L..? In b/s which side, it will be shown..?

11 Answers  


Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.

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what diff. between laibilities and provision?

5 Answers  


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