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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 (1917)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
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 ?    131 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 ?    28 Yes 6 No
Surender
 
Answer
# 4
Detors control a/c Dr

To sales a/c
 
Is This Answer Correct ?    22 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 ?    11 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 ?    11 Yes 20 No
Srivathsan
 

 
 
 
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formula for profit margin FactSet 6
Credit Purchase entry Genpact 11
Whether the medical bills( both Hospitalization and out- patient)submitted and reimbursed to the service provider has not taken initially as value for the purpose of Service Tax, now demanding retrospectively i.e. from 2009-10 on wards(as Demanded by Service Tax Department). Whether Reimbursement is Service Tax chargeable?. Further, Vehicles were provided to them by the service recipient and the Fuel bills were directly paid to the Petrol bunk by the Service recipient. Is that also Service Tax chargeable?   1
how to introduce ourself Kamkuo 14
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If interviewer ask that " Why are you leaving that job. so what should tell ?" JPMorgan-Chase 4
what is the difference between a call option and a put option?   4
how to prepare Profit and los accounts ? Study-Overseas 8
what is the entry for accounts receivables and accounts payables? what is the entry for bills receivables and bills payables? Genpact 7
what is impairement? Genpact 3
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
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