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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
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 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
what is zero balance clearing a/c. why we r maintaining 
this a/c in sap fico
 Question Submitted By :: Talluri_raghava
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is zero balance clearing a/c. why we r maintaining this a/c in sap fico
Answer
# 1
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
 
  Re: what is zero balance clearing a/c. why we r maintaining this a/c in sap fico
Answer
# 2
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 16 No
Ekhlaque Amin
 
 
 
  Re: what is zero balance clearing a/c. why we r maintaining this a/c in sap fico
Answer
# 3
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
 
  Re: what is zero balance clearing a/c. why we r maintaining this a/c in sap fico
Answer
# 4
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
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
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What do you means strength of a person in accounting term   1
What is Subsidiary book?Explain the different Books along with debit note& credit note?   3
My brother studying B.Com(Comp)third year from Osmania University. He want to be settled in Accounts(Taxetion). Which subjects he have perfect to reach is goal. plz give ur good suggestions...   4
What are the ratios (in addition to current ratio) to be considered while preparing CMA data ?   1
which comes share, asset side or liabilities side?   3
what is cap & floor of call rates?   1
whatisthe internal audit? and exteranal audit? Capital-IQ 3
how many accounting standards in india   12
What do you mean by trade cycle? Mellon 4
Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please pass the necessary entry for the same   4
How to value fixed interest stocks, at year-end?   1
 
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