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Categories >> Accounting
 
  Audit (428)  CompanyAffairs-CS (158)  Taxation (1899)  Accounting-General (2810)  Accounting-AllOther (4364)
 


 

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Question
Rs.5000 paid school fees of Director's son. pass the journal
entry
Rank Answer Posted By  
 Question Submitted By :: Srinivas Metical
This Interview Question Asked @   Duravit , SHRIRAMCHITS PVT LTD
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Answer
Director's Withdrawn Account Dr. 5000
To cash Account               5000
 
0
Srinivas Metical
 
 
Answer
DRAWINGS A/C DR. 5000/-
TO CASH A/C             5000/-
( BEING SCHOOL FEES OF SON OF DIRECTOR PAID IN CASH )
 
0
Rajendra Kumar Das
 
 
Question
if bank deduct the tds, it should show in p&l or balance 
sheet?
Rank Answer Posted By  
 Question Submitted By :: Deepak
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Answer
YES IT IS TO BE SHOWN IN BALANCESHEET..
 
0
Vikas
 
 
 
Answer
balance sheet
 
0
Deepak Bansal
 
 
Question
how to calculate valuation of closing stock
Rank Answer Posted By  
 Question Submitted By :: Manishaatre2
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Answer
Opening stock +net purchase - cash sales= closing stock
 
0
Swarnlata
 
 
Question
treatment of reserve fund in trail balance whether debit or 
credit.
Rank Answer Posted By  
 Question Submitted By :: Shivam
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Answer
Credit balance becouse it is compny's liabilty to pay back to the shareholdrs due to separate accounting entity concept.
 
0
Arjun Negi
 
 
Question
LOSS IS AN ASSET OR LIABILITY ?
Rank Answer Posted By  
 Question Submitted By :: Guest
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Answer
LOSS IS OUR ASSETS...
 
0
Vikas
 
 
Question
Why closing stock are not shown in trial 
balance?
Rank Answer Posted By  
 Question Submitted By :: Soumya Ranjan Barik
This Interview Question Asked @   psu
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Answer
If the purchases are shown in trial 
balance after deduct closing stock then 
the closing stock are shown in ttial 
balance.if not the closing stock are 
included in the purchase.
 
0
Soumya Ranjan Barik
 
 
Answer
Closing Stock is the combined result of the (Opening stock 
+ Purchase - sales )  for which we already entered in 
Ledger and Trial A/C . showing again is just giving the 
doubt effect to account
 
0
Shyam Kumar
 
 
Question
what is the BRS
Rank Answer Posted By  
 Question Submitted By :: Guest
This Interview Question Asked @   Genpact
I also faced this Question!!   ALL Interview .com
Answer
Analysis and adjustment of differences between the cash
balance shown on a bank statement, and the amount shown in
the account holder's records. This matching process involves
making allowances for checks issued but not yet presented,
and for checks deposited but not yet cleared or credited.
And, if discrepancies persist, finding the cause and
bringing the records into agreement.
 
0
Guest
 
 
Answer
It's a kind of statement which is prepare to tally the closing balance of the statement issued by Bank and closing balance as per our books of account bank ledger on any particular date,it's shows the list of transactions with possible reasons & errors creating differences between the same.
 
0
Ravikrisna786
 
 
 
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