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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
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 Accounting General interview questions  Accounting General Interview Questions (2805)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
4) What is Journal Entry of 1) Credit Sales.

                                             2) Credit sales
with Discount.

                                             3) Credit sales
with VAT.

                                             4) Outstanding
Rent paid.

                                             5) Credit Purchase.

                                             6)  Out
standing wages paid.

                                             7) Bank over draft

                                             8) bank charges

                                             9) Dishonor check

 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
CUSTOMR OR DEBITER A/C DR
TO SALES A/C

CUSTOMR OR DEBITER A/C DR
DISCOUNT ON SALES A/C DR
TO SALES A/C

CUSTOMER OR DEBTER A/C DR
TO SALES A/C
TO VAT A/C

RENT A/C DR
TO OUSTSTANDING RENT A/C
PURCHASE A/C DR
TO CREDITER A/C
WAGES A/C DR
TO OUTSTANDING WAGESPAID A/C

BANK A/C DR
TO BANK OVER DRAGT A/C
 
Is This Answer Correct ?    130 Yes 17 No
B.narasimha Rao
 
Answer
# 2
1. SALES


DEBITOR A\C Dr
To SALES A\C

2)DEBITORS A\C Dr
DISCOUNT ALLOWED A\C Dr
TO SALES A\c
3DEBITORS A\C Dr
To SALES A\c
TO VAT A\C
4)( PROVISION ENTRY )
RENT A\c Dr
To RENT PAYABLE A\c
RENT PAYABLE A\c Dr
To CASH OR BANK A\c

5)PURCHASES A\C Dr
vAT A\C Dr
To CREDITOR A\C
To DISCOUNT RECEIVED A\c

6)provison for salaries on 31st OR 30th OF every month end

SALARIES A\C Dr
To EMPLOYEES CONTRIBUTION TO ESI A\c
To EMPLOYEES CONTRIBUTION TO PF A\C
To SALARY ADVANCES A\c
To SALARIES PAYABLE A\C

SALARIES PAYABLE A\C DR
To CASH or BANK a\C

7)BANK A\C Dr
TO BANK OD A\c
8)BANK CHARGES A\c Dr
TO BANK A\c

9) CHEQUE ISUUING ENTRY TO BE REVERSED.
 
Is This Answer Correct ?    56 Yes 8 No
Satish
 
 
 
Answer
# 3
Debtors a/c Dr
To Sales a/c
 
Is This Answer Correct ?    27 Yes 6 No
Surender
 
Answer
# 4
Detors control a/c Dr

To sales a/c
 
Is This Answer Correct ?    21 Yes 10 No
Yogendra Pratap Singh
 
Answer
# 5
Customer a/c DR
To sales a/c

customer a/c DR
Discount a/c DR
To sales a/c

Customer a/c DR
To sales
To VAT

Rent a/c DR
To outstanding rent a/c

Purchases a/c DR
To Suppliers a/c

Wages a/c DR
To outstanding wages a/c

Bank a/c DR
To bank OD

Bank charges DR
To Bank

Bank DR
To customer
 
Is This Answer Correct ?    10 Yes 3 No
Vinay
 
Answer
# 6
Buyer account .....Dr
To sales account
 
Is This Answer Correct ?    6 Yes 2 No
Venkateswarlu.p.
 
Answer
# 7
1. customer a/c Dr
to sales

2. Customer a/c Dr
Discount a/c Dr
to sales a/c
3. Customer a/c Dr
to sales a/c
to Vat output
4. Rent a/c Dr
Rent payable a/c
5. Purchase a/c Dr
to creditors (Party)
6. Wages a/c Dr
To Wages payable a/c
7. Bank A/c
to Bank od A/c
8. Bank charges a/c Dr
to Bank a/c
9. Bank a/c Dr
to customer a/c
 
Is This Answer Correct ?    0 Yes 0 No
Prasad
 
Answer
# 8
goods a/c
to sales a/c
 
Is This Answer Correct ?    1 Yes 3 No
Chinni
 
Answer
# 9
credit sales A/c Dr
To sales A/c
 
Is This Answer Correct ?    10 Yes 20 No
Srivathsan
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
What is the accounting treatment for TDS and service tax?   3
What is Liquidity   1
why Balance sheet tally, why the Liabilities and Assets will always equal.(for a business man how does it helpful, if liabilities and assets are equal)????? Hope I will get the accurate answer Thanks in Advance.   2
What do you mean by trade cycle? Mellon 4
what is an invoice   3
What are patents Genpact 5
What is management? what is finncial management? difference b/w accounts& finance?   2
What will be the entry for transfer of fixed deposit amount to their current a/c. (ie. if we hav a FD of Rs.600000 with the bank, we need to close the FD and transfer the amount to the current Account. kindly provide me the entry for this.   2
what is meant by factorising   1
Expand ------NPR   4
What do you mean by an Accounting Cycle....????? HCL 7
Expand A O   2
 
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