Detail your responsibilities in accounts receivable
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HOW WE CLOSE YEAR ENDING? e.g (CASH, BANK, SALES, PURCHASE, GENERAL LEDGER, AND OTHERS AS PER YOUR YOUR KNOWLEDGE)
What is meant by balancing?
Mention the types of ledgers?
Other accounting interview questions to expect when you interview for an accountancy job include:
what show in balance sheet after deduct last depreciation of assets
mr.atul purchased a dress for his son amounting to rs 725/- from dress point by paying cash from the office. We entered in this trasaction to which voucher?
What is unabsorbed depreciation ? how its treatment different in taxation vis-a-accounting?
2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
Will TDS U/S 194C be deducted on total Bill Value or before service Tax of Bill Value?
How to create report of t code f-02 in SAP FI?
What do you debit and credit if discount allowed is underrated?
what is profit and loss(dr) in cash flow statement?