Which accounting systems are you familiar with?

Question Posted / guest

4 Answers
14929 Views
Accenture, Genpact, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Which accounting systems are you familiar with? ..

Answer / ravi shankar

Just they are asking about the accounting systems we know
,and actually in India we use double entry system and in the
USA and other western countries they use single entry system...

Is This Answer Correct ?

5 Yes

1 No

Which accounting systems are you familiar with? ..

Answer / rajaram kolle

You can simple say Mercantile system, which is nothing but
double entry system. Few country use Single entry system,
many countries use Mercantile system, as it is the modern
accounting system. Single entry system is very old.

Is This Answer Correct ?

1 Yes

0 No

Which accounting systems are you familiar with? ..

Answer / devindra bhattacharya

Accounting approach of AICPA(American Institute Of
Certified Public Accountant) is A+E=L+C+R which proves that
in USA double entry system is followed.Single entry have
been proven unscientific and,therefore,seldom followed in
USA.Rectify me if i am wrong with a valid statement,if
neccesary logical deduction can be given supporting the
statement

Is This Answer Correct ?

0 Yes

0 No

Which accounting systems are you familiar with? ..

Answer / ramaswamy

i am familier with the preparatoin of purchase, sales
ledger. i am able to prepare bank reconciliation statement.
and iam able to finalise accounts as per accounting
standards issued by the icai. and i can also prepare cash
book and all other ledger accounts. in journalising the
business transactions also i have well prepared.

Is This Answer Correct ?

4 Yes

6 No

Post New Answer

More Accounting AllOther Interview Questions

Please do let me know how to pass the entry for the rent invoice recd. from business centre (for eg. total amt. is 39941/-)includes rent is 35000/-, telephone chgs: 82.80/- ,Stationary 15/-, Pantry chgs. 450/- and service chg 4393.71/- .

3 Answers

What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?

0 Answers

A borrower pays $1000 towards the late payment penalty to a bank A pass the necessary journal entry

2 Answers Ocwen,

e.g of derivatives

1 Answers Karvy,

How the Fund flow statement is different from Cash flow statement.

3 Answers

diff. among all version in tally as; 4.5, 5.4, 6.1, 7.2, 8.0, 9.0, 9.2,

7 Answers Eicher, Sona,

Explain PRICE RATE and also COST RATE.

2 Answers

what is delapidation?