How do you classify errors in accounting?


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More Accounting General Interview Questions

20. Between educational qualification and practical work experience, give us a brief explanation on your practical experience in your past Endeavour that you performed well to the satisfaction of your past or present employer?

1 Answers   Dodsal, Swil, Tesla,


If the financial year is Jan till Dec then would we make any entry for the telephone bill of Dec, whose invoice/bill would generate in Jan of next year. If yes what would be the amount as bill is still not received and what would be the adjusting entereis. Also how to rectify the same in next year?

3 Answers   Infosys,


paid in advance journal entries

3 Answers  


Explain which account is responsible for interest payable?

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what is meaning of npv(net present value)

1 Answers   bscpl,






What is general entry credit purchase?

26 Answers   Infosys,


What are a debit note and credit note with an example?

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A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.

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I would like to know about work in progress, when we will debit WIP under Asset a/c head in balance sheet, the credit will be allocated under in which accounting head? whether its under purchase a/c or income a/c ? expecting detail explanation?

2 Answers  


What is goods and what is assets for an organization.if the organization is an educational institute

2 Answers  


Golden rules of Accounts

3 Answers   Chartered Accountant,


why is the recocillation done?

2 Answers   Global Talent Track,


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