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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
Which Entries comes in Receipts & which entries in
Payments,any payment & Income is received through cheque
that entries will appear in it or we have to pass it in journal.
 Question Submitted By :: Mrunali
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Which Entries comes in Receipts & which entries in Payments,any payment & Income is received through cheque that entries will appear in it or we have to pass it in journal.
Answer
# 1
receipts through cash or bank and even for payments also 
pertaining to cash or bank comes in receipts and payments 
and for these receipts and payments journal entries are not 
passed
 
Is This Answer Correct ?    2 Yes 2 No
Sreedevi
 
  Re: Which Entries comes in Receipts & which entries in Payments,any payment & Income is received through cheque that entries will appear in it or we have to pass it in journal.
Answer
# 2
income related enteries comes in receipts and payment 
related enteries comes in payment side, talking about the 
journal entries if you are maintaining billwise detials it 
is necessary to passed a journal entry for a particular 
ledger to match.
 
Is This Answer Correct ?    2 Yes 0 No
Suhas1984
[M/s Shah Pvt Ltd]
 
 
 
  Re: Which Entries comes in Receipts & which entries in Payments,any payment & Income is received through cheque that entries will appear in it or we have to pass it in journal.
Answer
# 3
ERECEIPTS ENTRIES ARE COMES UNDER RECEIPTS.T  RENT IS 
RECEIVED THROUGH CHEQUE WHEN ENTRY IS                      
BANK A/C DR
   TO RENT A/C

PAYMENTS ENTRIES ARE COMES UNDER PAYMENT  COMMISSION PAID 
THROUGH CHEQUE WHEN ENTRY IS 

COMMISSION A/C DR
   TO BANK A/C
 
Is This Answer Correct ?    0 Yes 1 No
Narasimha Rao
 
  Re: Which Entries comes in Receipts & which entries in Payments,any payment & Income is received through cheque that entries will appear in it or we have to pass it in journal.
Answer
# 4
We are getting commission ,instead paying the commission.So 
the Commission will be credited and the Bank A/C will be 
debited
 
Is This Answer Correct ?    0 Yes 0 No
Ravikumar
 
  Re: Which Entries comes in Receipts & which entries in Payments,any payment & Income is received through cheque that entries will appear in it or we have to pass it in journal.
Answer
# 5
we have received any amount from parties it will come in 
receipt side ,any payment we made it will come in payment 
side. Journal is the transcation of new datas.
 
Is This Answer Correct ?    0 Yes 0 No
Priya
 

 
 
 
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Expand N G O  2
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Fill in the blank Drawings capital  1
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what do you mean by Line item display? Keane-India-Ltd1
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Expand ________BCD  1
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what experience you have as cashier?  4
Purchase bills of the previouse year received in financial year explain treatment.  3
Expand G O P I O  1
Choose the right answer Which of the following is Liability account 1.Bills payable 2.TDS collected 3.Unearned income  2
Company A is having operating cycle of 15days...b is having operating cycle of 10 days which company is having better position Capital-IQ5
if closing stock appears in the trial balance what is the sollution HCL4
how important of purchase and sales invoices? CTS1
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
WHAT DO U MEAN BY REPO RATE??? SBI17
Is WCT liable to be deducted in Whole of Invoice Value? (including VAT & Service Tax)  1
Expand C C A  1
 
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