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Categories >> Accounting
 
  Audit (427)  CompanyAffairs-CS (158)  Taxation (1898)  Accounting-General (2808)  Accounting-AllOther (4359)
 


 

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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
I also faced this Question!!   © ALL Interview .com
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
 
 
 
Question
what is the balance sheet
Rank Answer Posted By  
 Question Submitted By :: Guest
This Interview Question Asked @   Genpact
I also faced this Question!!   © ALL Interview .com
Answer
If the words "debits" and "credits" sound like a foreign
language to you, you are more perceptive than you
realizeó"debits" and "credits" are words that have been
traced back five hundred years to a document describing
today's double-entry accounting system.

Under the double-entry system every business transaction is
recorded in at least two accounts. One account will receive
a "debit" entry, meaning the amount will be entered on the
left side of that account. Another account will receive a
"credit" entry, meaning the amount will be entered on the
right side of that account. The initial challenge with
double-entry is to know which account should be debited and
which account should be credited.

Before we explain and illustrate the debits and credits in
accounting and bookkeeping, we will discuss the accounts in
which the debits and credits will be entered or posted.
 
0
Guest
 
 
Question
what is the debit and credit
Rank Answer Posted By  
 Question Submitted By :: Guest
This Interview Question Asked @   Genpact
I also faced this Question!!   © ALL Interview .com
Answer
when the transactions are shown in left hand side is called debit, by the same way transactions are shown in right hand side is called credit.
 
0
Bhanu Prakash
 
 
Question
what do you c- form means
Rank Answer Posted By  
 Question Submitted By :: Guest
This Interview Question Asked @   Genpact
I also faced this Question!!   © ALL Interview .com
Answer
"c" form is the form issued by buyer to supplier the
purchase transaction is on CST based.when the purchase from
out of state. the purchase details by the buyer,CST OF 2%
local VAT Excluded.c-form issued by the commercial tax
officer.buyer not issue c-form he will be paid double rate
of tax. CST Value after year will be refund.
 
0
Guest
 
 
 
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