ALLInterview.com :: Home Page KalAajKal.com
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
tip   SiteMap shows list of All Categories in this site.
Google
 
Categories  >>  Accounting  >>  Audit
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
State which of the following are Cash transactions, and
which are credit transactions:
Questions Answers
1. Anil commenced business with Rs.10,000
2. Bought goods for cash Rs. 2000
3. Bought goods from Balaji on account Rs. 4000
4. Paid Balaji on account Rs. 500
5. Commission received Rs. 50
6. Commission due to Raj Rs. 100
7. Took Loan from Bank Rs. 20,000
8. Interest on loan due to the bank Rs. 200
9. Paid salaries Rs. 200
10. Sold goods for Rs. 1000
11. Sold goods to Eshwar on account Rs. 2000
12. Received from Eshwar on account Rs. 100
 Question Submitted By :: Babu Bm
I also faced this Question!!     Rank Answer Posted By  
 
  Re: State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100
Answer
# 1
Here you go!!!
Cash Transaction
1)	Anil Commenced business with Rs.10000
2)	Bought Good for Rs.2000
3)	Paid Balaji on account Rs.500
4)	Commission Recd Rs.50
5)	Took Loan from Bank Rs.20000
6)	Paid Salary Res.200
7)	Sold Goods fro Rs.1000
8)	Recd from Eshwar on account Rs.100


Credit Transaction
1)	Bought Goods from Balaji on Accounts Rs.4000
2)	Commission due to Raj 100
3)	Interest on Loan due to the Bank 200
4)	Sold Goods to Eshwar on accounts Rs.2000
 
Is This Answer Correct ?    1 Yes 0 No
Rajesh
 
  Re: State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100
Answer
# 2
. cash  transactions.
1 Anil commenced business with Rs 10000
2 bought goods for cash 
5 commission received Rs . 50
6 commission dew to raj Rs 100
9 paid salaries Rs. 200
10 sols goods for cash 1000
  credit transaction 
3 bought goods form balaji of account rs 4000'
4 paid to balaji on account rs 500
7 took laon from bank 200
11 sold goods to eshwar on account rs 200
12 recevied from eswhar on account 100
 
Is This Answer Correct ?    0 Yes 1 No
Ashish Pal
 
 
 

 
 
 
Other Audit Interview Questions
 
  Question Asked @ Answers
 
the primary purpose of compliance test is to verify whether?  1
What are reasons for giving credit note and sales return to customers?  3
What is the difference between amalgamation, absorption, liquidation ? Why realisation account is being prepared ?  1
EBIDTA  4
I Have MBA in Finance and staying at Ameerpet. Please help me in findinag a best institute to learn tally near to Ameerpet. HCL4
What are the reasons for debtors outstanding showing as negative? IBM2
Will it be fine if private Ltd Company do not follow depreciation rate as per The Companies Act,1956 & follow Depreciation Rates as per Income Tax. Also is it necessary to claim VAT Setoff on Asset Capitalised only after some percentage of retention.  1
I 've Tally7.2 in my pc & i have Data from 2005 but my Auditor wants only data from 2008 -2009 How do i send that years data i means from 2008 -2009  3
which of the following types of risks assumes an absence of compensating controls in the area being reviewed?  1
Who can carry out a charity audit?  2
Why we are prepareing Bank Reconciliation Statements ?  4
cost audit system  2
Define Materiality Concept  5
what is audit  11
What is your Strenth and waekness & why Deloitte1
what is the accounting  5
What is the importance of Stock Audit, Accounting Audit  1
Expand---------BPR Jk-Tyres3
Is Taxi bills allowed to claim the LTA?  1
Classify the following accounts into Personal Account, Real Account & Nominal Account. Questions Answers 1. Furniture Account 2. Salaries Account 3. Outstanding Wages Account 4. National Trading Co. Ltd’s Account 5. Stationery Account 6. Prepaid Insurance Account 7. Capital Account 8. Interest Account 9. Building Account 10. Purchase Account 11. Cash Account 12. Bank Account 13. Sales Account 14. Commission received in Advance Account 15. Discount Account 16. Drawing Account 17. Loan Account 18. Mysore Store’s Account 19. Repairs to Machinery Account 20. Stock Account 21. Investment Account 22. Loose Tools Account 23. Bangalore Sports Club’s Account 24. Loss of Goods by Fire Account 25. Motor Vans Account 26. International Trader’s Account 27. Goodwill Account 28. Depreciation Account 29. Bad Debts Account 30. Bad Debts Recovered Account 31. Bank Overdraft Account 32. Book Debts Account 33. Purchases Returns Account 34. Sales Returns Account 35. Postage Account 36. Charity Account 37. Carriage Account 38. Rent Account 39. National College’s Account 40. Bills receivable Account 41. Bills Payable Account  1
 
For more Audit Interview Questions Click Here 
 
 
 
 
 
   
Copyright Policy  |  Terms of Service  |  Help  |  Site Map 1  |  Articles  |  Site Map  |   Site Map  |  Contact Us interview questions urls   External Links 
   
Copyright © 2007  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  Forum9.com   ::  KalAajKal.com