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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1903)
 Accounting General interview questions  Accounting General Interview Questions (2826)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4368)
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
 
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Difference between debenture and insecure loans?   5
Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.   4
what is cap & floor of call rates?   1
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Difference between material in transit and capital work in progress   3
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If interviewer ask that " Why are you leaving that job. so what should tell ?" JPMorgan-Chase 4
what is vlsm? Cisco 3
 
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