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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What is accrual? Give example for the same?
 Question Submitted By :: Tinaresh
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is accrual? Give example for the same?
Answer
# 1
Accrual Means Outstanding

Wages A/c                     Dr
To Outstanding Wages


Outstanding Income 

To Income
 
Is This Answer Correct ?    6 Yes 1 No
A.madhu Sudhan Rao
 
  Re: What is accrual? Give example for the same?
Answer
# 2
An accounting system which recognises revenues and expenses 
as they are earned are incurred respectively without regard 
to the date of receipt or payment
 
Is This Answer Correct ?    5 Yes 1 No
Satyaki_raju@yahoo.com
[Taxtime]
 
 
 
  Re: What is accrual? Give example for the same?
Answer
# 3
accrual means due but not paid or we can say outstanding
 
Is This Answer Correct ?    2 Yes 0 No
Aparna Reddy
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
What is Bank Reconcilation statement?  1
Expand R P I  1
"while Financial accounting is external, cost accouting is internal to the business" Explain? Deloitte1
Expand C B S  4
what is deffered revanue expanditure Accenture3
Answered but misspelled pl correct A LIST OF ACCOUNTS IN WHICH TRANSACTIONS ARE POSTED ARE ____ ____ACCOUNTS(ANS.TRACH)  2
Expand -------CCIL  1
asked about project work done in mba Karvy1
What is Stock Split? Capital-IQ4
what does profit and loss appropriation a/c on dr side of financial trial balance mean? pls answer my question  2
expand H R A  5
what is the fund flow and cash flow? what's diffenence between  1
WHAT IS ACOUNT PAYABLES AND ACCOUNT RECIEVABLES? Mellon4
what is shudle six balancesheet Genpact3
Expand---------SDRT  3
Expand----------RRM  1
42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally purchased it on Credit. J.J. fabrics issued a Credit note for the value of these goods. In simkins’ books, the double entry for this transaction should be. a) Debit : J.J. Fabrics; Credit purchases b) Debit : purchases; credit J.J. Fabrics c) Debit : J.J. Fabrics; credit purchase returns d) Debit: purchases returns; credit J.J Fabrics. Amazon1
What is the difference between cash and mercantile system of accounting? Which according to you is a better system & why?  2
Can closing stock of current year be present in tht Trial Balance of said year...????  5
What is Debt and What is Equity? Capital-IQ2
 
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