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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
Question
what is the jornal entry for repairs
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
repairs a/c dr

to cash a/c
 
Is This Answer Correct ?    5 Yes 0 No
Chandu
 
Answer
# 2
Repairs A/c Dr.
To Cash A/c
(Being Amount Paid For Repair of ......)


Reason Why: Because Repair is a kind of Revanue Exp. and it
will not Decrease the value if any asset and it will charge
from Profit and Loss A/C.
 
Is This Answer Correct ?    4 Yes 0 No
Anjali
 
 
 
Answer
# 3
(dabit all expenses and losses)

repairs a/c------------dr

to party a/c (cr)

(Being repairs job work done by party)
 
Is This Answer Correct ?    1 Yes 0 No
Maynk
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
why net profit is added to balance sheet, is there any reason   3
SIR, Tell me the which software useful for the accounting procees . what is difference is between the finacial accounting and mangemeting what are responsebilitys for a company .   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
how accountant calculatee depriciation   5
shareholder belongs to which one having shares both in equity and preference ITC-Infotech 3
how many state comes in eastern region of india? State-Bank-Of-India-SBI 4
what is balance sheet? State-Bank-Of-India-SBI 14
if salary p.m rs 70000 what will the rate of tds for assessment year 2011-2012   2
What is contingent liability. FactSet 5
Give Example for Intangible assets that is depreciable? Genpact 5
What is Money Measurement concept   5
proposed devidend is approved by .... options are: A.BOD B.share holder C.SEBI D.general body meeting   1
 
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