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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4363)
Question
what is sale entry, purchase entry, credit note , debit note
entry?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
For cash sales: cash a/c debit,sales a/c Credit
For credit sale:Debtos a/c debt, sales a/c Credit
For cash Purchases : Purchses a/c debit, cash a/c credit
For Credit Purchases:Purchases a/c debit, Credit a/credit
For Credit note:Creditor a/c debit, Credit to party a/c
For Debit Note: Debtors a/c creidt, Debit to Party a/c
 
Is This Answer Correct ?    108 Yes 20 No
N.sudhakar Babu
 
Answer
# 2
credit sales: debtors account debit sales account credit
credit purchase:purchase account debit creditors a/c credit
debit note: sales account debit debtors account credit
credit note: creditors a/c debit purchase a/c credit
 
Is This Answer Correct ?    30 Yes 12 No
R.thangavelu
 
 
 
Answer
# 3
in case of cash sales
cash a/c will b debit and sales a/c will credit
in case of credit sales
customer name a/c debit and sales a/c credit
in case of cash purchase
purchase a/c debit
cash a/c credit
in case of credit purchase
purchase a/c debit
supplyar a/c credit
credit note entry is same like crdit sales and debit note entry same as credit purchase . Read above credit sales and purchase entry
 
Is This Answer Correct ?    8 Yes 3 No
Mr. Muhammad Imtiaz
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
Can we bill to party at Delhi and ship material to Hyderabad.My company is in gujarat.If Yes.Road permit issued by Hyderabad party on who's name and who will give C form.etc.   2
what are the indirect taxes? KPMG 4
HOW TO CALCULATE THE PF WAGES% ON GROSS WAGES ? HOW TO CALCULATE THE HRA % ON GROSS WAGES? HOW TO CALCULATE WASHING ALLOWENCE AND OTHER ALLOWENCES % ON GROSS WAGES?   4
Can a Company can issue C Forms in Advance to the seller (Other than govt.dept.)   4
if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?   1
is hospital is not liable to pay tax on income is hospital is not bound to file sales tax, cst return, is hospital not liable to pay service tax on the room charges they take,   3
NOW I WANT TO FILE THE INCOME TAX RETURNS. I AM A SALARIED PERSON WITH NO OTHER INCOME. SHOULD I USE SARAL 2( ITR-1) FORM ASSESSMENT YEAR 2010-11   4
We are purchasing machinery from Mumbai supplier. Deliverable in Jamnagar & invoice is on our name (Maharashtra). Can we issue 'C' form?   4
how to enter annual maintenance service bill in account?   3
In case of senior citizen maximum exption limit .   4
Can we issue "Form E1" to party for same state? If yes please give procedure for invoiceing   2
what is meaning of Bill Discounting & how it done please explaiin me in detail   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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