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Explain what is ledger?


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More Accounting General Interview Questions

What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?

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What Is Responsibility Accounting?

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How do you relate yourself with Accounts?

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Which sistuation Current Assets become worKing capital?

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X of Kolkata sends out goods costing 300,000 to Y of Mumbai at cost + 25%. Consignor’s expenses Rs 5000. 1/10th of the goods were lost in transit. Insurance claim received Rs 3000. The net loss on account of abnormal loss is (a) Rs.27,500 (b) Rs.25,500 (c) Rs.30.500 (d) Rs.27,000

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