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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
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 :: Shabeer
I also faced this Question!!     Rank Answer Posted By  
 
  Re: 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
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 ?    126 Yes 17 No
B.narasimha Rao
 
  Re: 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
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 ?    55 Yes 8 No
Satish
 
 
 
  Re: 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
Answer
# 3
Detors control a/c Dr

To sales a/c
 
Is This Answer Correct ?    17 Yes 9 No
Yogendra Pratap Singh
 
  Re: 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
Answer
# 4
Debtors a/c Dr
To Sales a/c
 
Is This Answer Correct ?    23 Yes 6 No
Surender
 
  Re: 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
Answer
# 5
credit sales A/c Dr
To sales A/c
 
Is This Answer Correct ?    10 Yes 16 No
Srivathsan
 
  Re: 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
Answer
# 6
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 ?    9 Yes 2 No
Vinay
 
  Re: 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
Answer
# 7
Buyer account .....Dr
To sales account
 
Is This Answer Correct ?    6 Yes 2 No
Venkateswarlu.p.
 
  Re: 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
Answer
# 8
goods a/c
to sales a/c
 
Is This Answer Correct ?    1 Yes 1 No
Chinni
 
  Re: 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
Answer
# 9
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
 

 
 
 
Other Accounting AllOther Interview Questions
 
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what is the e mail id of customercare of axis bank powerkome loan? Axis-Bank 2
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If an overpayment (more than was paid) was posted on a statemnt, can I just make a debit note on the account with the difference? Example Customer had to pay me R 10 000 Payment on his statment was passed for R 15 000 Can I make a debit note with the dif of R 5 000, to rectify the account for the specific month?   1
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 are all the items come under P&L and Balance sheet? Wipro 14
expand P O S B   2
What is securitization Deutsche-Bank 1
What is diff. between mutual fund and security?   1
I am going to attend an interview for the post of Sr. Accounts Officer in airport authority of india,pls help me to prepare for the interview L&T 2
 
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