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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2783)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4353)
Question
what is sale entry, purchase entry, credit note , debit note
entry?
 Question Submitted By :: Jaggu24
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is sale entry, purchase entry, credit note , debit note entry?
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 ?    102 Yes 19 No
N.sudhakar Babu
 
  Re: what is sale entry, purchase entry, credit note , debit note entry?
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 ?    29 Yes 11 No
R.thangavelu
 
 
 
  Re: what is sale entry, purchase entry, credit note , debit note entry?
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 2 No
Mr. Muhammad Imtiaz
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
WHAT ARE THE TYPES OF TAXATION? IBM 4
When calculating tds on bill ,TDS need to be calclated on "Base Amount" or "Base Amount"+ "Vat Amount" ? please answer with relevant provision   4
When the C-Form should be issued, Whether it is from the date of Invoice OR from the date of material received (Goods Receipt Date)   4
what is the working capital   5
Which form we use for depositing TDS?   5
When VAT 14.5% is applicable and when Work contract tax 4% is applicable? Is both are same?   2
Wether TDS is deducted if its jobwork and VAT is charged on that   1
if tiny payment made for computer parts or computer purchase or computer maintainance then how much TDS to be deducted. whether computer maintainance to be considered as contract & tax to be deducted (TDS) from the payment   3
Clasify Capital and capital Gains   2
THE CUSTOMER IS FROM GOA STATE AND THEY PURCHASE GOODS FROM MAHARASHTRA UNDER C FORM THAT TIME THE CUSTOMER ISSUED C FORM ON WHICH AMOUNT TAXABLE OR INVOICE AMT(TAXABLE + 2%)?   4
Assume in a company during the financial year 8 computers has been sold for Rs 68000/- . whether TDS on Income should be deducted from the payment or what?   2
What is purchase tax. ? Define . Jaguar 1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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