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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What is accrual basis of accounting
 Question Submitted By :: Satyaki_raju@yahoo.com
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is accrual basis of accounting
Answer
# 1
Accrual basis of accounting. The other form is the cash 
basis of accounting, where revenue is recorded only when 
cash is received, and expenses are recorded only when cash 
is paid.
 
Is This Answer Correct ?    2 Yes 0 No
Ravindra
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
how to create the trading a/c, profit & loss a/c & Balance sheet & What do u mean by bank reconcilation  3
Choose the right answer Which of the following is Nominal account 1.Sales 2.Customer 3.Dealesrship Deposit  1
why are capital account shown in liabilities side what is meaning of capital account in balance sheet  2
What the difference between DUE & ACCRUAL?  2
Expand U L I P  1
What is Sensex? What is Nifty ? Difference between these two TCS68
What is Capital expndiure.  3
what is the journal entry? goods purchased by ram on credit for 1000 which includes vat rs.100 in it IBM11
What is the difference between capital work in progress and capital commitment??  1
Expand E M I  6
How to identify deductee types(AOP, AJP, BODY OF INDIVIDUALS,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM  1
a) what are the rate of employees & company's contribution for PF & ESIC? b) what is the ceiling in case of ESI deductions? c) what are the due dates for paying ESI/PF  3
Choose the right answer Maximum allowable interest on housing loan on self occupied property is 1.30000/- 2.100000/- 3.150000/-  3
1. WHAT DOES SALES ON THE DEBIT SIDE OF A TRAIL BALANCE MEAN AND WHAT IS THE TREATMENT IN PREPARING TRADING PROFIT AND LOSS ACCOUNT. 2. IS IT POSSIBLE TO HAVE SALES ON THE DEBIT SIDE OF A TRIAL BALANCE.  1
what are accounting concepts?,what is the use of commerce?,what is accounting conversation?  1
What is accrued account payable?? Give some journal entries with examples.  3
what is service bill and what is the nature of this bill how handle in a firm and how treat thi type entry in tally FOR EXA. SERVICE CHARGE AMOUNT IS = 1500 ADD SERVICE CHARGE @10.3 = 154.50 ADD SURCHARGE @2% ON SERVICE CHARGE = 3.90 ADD CESS EDUCATION TAX 1%ON SERVICE TAX= 0.0309 TOTAL AMOUNT =  3
How to finalise the accounts of any private limited company?  2
what is the difference between cash system & mercantile system Mico1
What is Depreciation and how is it different from amortization Thomson-Reuters1
 
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