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 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
what are adjusting entries?
and why we are dioing it?
 Question Submitted By :: QSS
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what are adjusting entries? and why we are dioing it?
Answer
# 1
adjusting entrise are those entries which are done to 
rectify errors.
 
Is This Answer Correct ?    1 Yes 1 No
Manas Jose
 
  Re: what are adjusting entries? and why we are dioing it?
Answer
# 2
I'll make it easy by a simple example
Actual salary paid by the company is Rs10000
But there is an outstanding amount of Rs2000 payable to the 
employee. Expense side of the P&L account should show the 
total amount(salary paid and payable)
Salary A/C
To Salary outstanding
 
Is This Answer Correct ?    1 Yes 0 No
Accounting Guru Ranjith
 
 
 

 
 
 
Other Accounting AllOther Interview Questions
 
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I am completed MBA finance & Mcom, I had 8 years experience in accounts field. I am interested in software. can shift my in software. whcih course i select  2
nav , npv RRDonnelley1
Who maintains BRS (Bank Reconciliation Statement) ? Telstar4
How is the Cost of Goods Calculated???? ICAI6
what is open item management? Keane-India-Ltd1
what is daily accrual?  1
Any two difference of Trading and Profit and loss A/c Syntel2
Credit Paurchases Genpact7
please tell me that how much percentage of shares of a company must be purchased so in order to start the company??  2
example irr  1
what is cost of goods sold?  5
Briefly explain about Stok valuation.  4
what is Current Accountant ?  1
What is the treatment for PRELIMINARY EXPENSES? Capital-IQ6
What is contingent liability? Syntel9
what about your self Capital-IQ3
What is the trial balance Capital-IQ13
What is called Take Over?  1
 
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