If your account is debited instead of credit, than what do you do ? How do you

If your account is debited instead of credit, than what do
you do ? How do you correct your account ?

Question Posted / sudha

3 Answers
8118 Views
Bank Of America, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

If your account is debited instead of credit, than what do you do ? How do you correct your accoun..

Answer / mn.murthy

DEBITED TO CASH A/C AND CREDITED TO BANK A/C

Is This Answer Correct ?

13 Yes

6 No

If your account is debited instead of credit, than what do you do ? How do you correct your accoun..

Answer / abdul wadood imran

I pass a new entry to correct the mistake. i.e. revise
entry pass.

Is This Answer Correct ?

7 Yes

4 No

If your account is debited instead of credit, than what do you do ? How do you correct your accoun..

Answer / md muddasir ali khan

if the entry is done debit instead of credit, i use to write a bottom note as adjustment before preparing final account, i use to correct in final account, instead of doing any correction in P&L a/c.

Is This Answer Correct ?

2 Yes

4 No

Post New Answer

More Banking Finance Interview Questions

How are sources and applications categorized for proper interpretation of funds flow statement?

0 Answers

what are the various methods to curb inflation

3 Answers Oriental Bank Of Commerce,

On which day, the first world statistics day was celebrated?

0 Answers Nabard,

Who is the investment banker?

what ism put option

what is irr?

what is equity

How will you define the concept of diminishing marginal utility?

0 Answers State Bank Of India SBI,

Tell about Plastic Currency?

0 Answers IBPS,

What is SLR and CRR? How SLR differs from CRR?

0 Answers State Bank Of India SBI,

How is Economy,Industry and Company analysis is carried out by the Fundamental Investor?

0 Answers Karvy,

What is return on shareholder s funds? What does it show?

0 Answers

For more Banking Finance Interview Questions Click Here