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FIC Accounting General Interview Questions
Questions Answers Views Company eMail

Credit purchase entry

10 9716

Example of deferred liability and asset?

2 4415

A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?


In sales entry, for sales tax what rule apples (real, nominal)

3 3897

Computer value 5000 Deprecation 3000 Book vale 2000 Sold for 2000 Pass entry?

16 10428

In what circumstance month end liability wil increase ?

1 3177

What is accrual concept?

5 8296

What is differed revenue expendature?

2 3934

What is Current Assets minus current Liabilities?

22 27378

Bank charges rs.100 debit/credit only in brs, where u can Posted entry,add or less in as per cash book/passbook

2 2743

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Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!


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