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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1906)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
Question
what is zero balance clearing a/c. why we r maintaining 
this a/c in sap fico
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
for document splitting purpose and for clearing account and
also debit item and credit item should be zero
 
Is This Answer Correct ?    0 Yes 2 No
Pradeep
 
Answer
# 2
As the name indicates it, a zero-balance clearing account is
a balance sheet account which is maintained for the purpose
of posting additional clearing entries in the event of the
documents are not balanced with the respect to different
dimensions used for your reporting such as profit center,
business area, segment, etc.
 
Is This Answer Correct ?    0 Yes 2 No
Syam
 
 
 
Answer
# 3
Zero balance clearing a/c is used for inter branch account.
it should be compoulsary zero balance.
 
Is This Answer Correct ?    3 Yes 11 No
H.s.sarda
 
Answer
# 4
Zero balance a/c is also known as salary account in which
the bank credits the amount to be recived by the employees
at the end of the month by debiting the employers account
it is done at the standing advice of the employeer
 
Is This Answer Correct ?    2 Yes 17 No
Ekhlaque Amin
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
what is impairement? Genpact 3
Fill in the blank Drawings capital   1
what are the golden rules of accounts and the items of personal accounts,real account,nominal accounts?   3
what is 94c,94J,and 94I form meant for ? CA 11
even if trial balance matches there could be error explain?   1
expand P R C   2
I am a non commerce graduate acting as office manager in a construction company. I am interesting to learn accountancy thru short cut methods and in a short duration. Can any body there to help me. I will be pleased to receive any sugessions and learning tips to my e-mail   1
which value we have to calculate TDS? Is it for bills recd or no of pymnts made during that year?   2
what is Bank Reconciliation? EDS 2
Expand A O A   4
i given 20000 amount to some one in a company but the travelling expendeture only 8000 the person who had taken the 20000 given all his expendeture for 8000 how to make an entry in the books of tally. please advice   6
what is IPO FactSet 5
 
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