Interview Questions Answers in SAP FI-CO (Financial Accounting & Controlling), Accounting AllOther, Accounting General

Questions / { deepthi }

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Answers / { deepthi }

Question { 7198 }

why g/l tolerance group z used?

Answer

tolerance group are used to avoid frauds

Is This Answer Correct ?

3 Yes

3 No

Question { TCS, 6981 }

Y- Reversal of document z done?

Answer

when we post an entry we may post an wrong entry .in sap we
cannot delete any document or entry which is posted
therfore to correct or caNCELL the entry we reverse the
entry which is called as reversal entry

Is This Answer Correct ?

6 Yes

0 No

Question { 7645 }

DIFF BET PARK & HELD DOC?

Answer

for parking document 1) authorization is needed.
2)the system will generate its own document no
3)if u delete any document auditors can find it out

for holding documents
1)when any information is needed they hold the document
2)
we need to give temporary doc no
3)
even if u delete any document no body can find it out

Is This Answer Correct ?

2 Yes

0 No

Question { ITC Infotech, 4243 }

shareholder belongs to which one having shares both in
equity and preference

Answer

a person who hold equity share r owners of the orgiansation
preference share holders r given preferanceand they r not
the owners as they leand there amount in the form of shares.

Is This Answer Correct ?

0 Yes

2 No

Question { 14209 }

why don't we take cash and bank accounts into realisation
a/c

Answer

realisation ac we consider those assets which we sell
either we may earn profit or loss. but the cash and bank
account have there actual values.so we dont consider cash
and bank a/c

Is This Answer Correct ?

19 Yes

2 No

Question { 17967 }

We purchase goods worth rs. 25000 from shyam co. in credit.
We paid him 20000 and rest we refuse to pay. What is the
journal entry for it. This is not discount received.

Answer

for purchase

Purchases A/c dr 25000
to shyam A/c 25000

for payment

shyam a/c dr 25000
to cash A/c 20000
to bad debt A/c 5000

Is This Answer Correct ?

3 Yes

12 No

Question { OPI Global, 10950 }

what is window dressing in final accounts?

Answer

An adjustment made to protfolio to creat false apperance eg
manager may decide to sell losing portions so as to display
more profitable or succesful.

Is This Answer Correct ?

11 Yes

4 No

Question { Genpact, 7679 }

What is ISIN?

Answer

ISIN - International securities identification number.
a unique international code which identifies securites.

Is This Answer Correct ?

23 Yes

0 No

Question { Mellon, 7440 }

Which market would you invest in Primary Market or
Secondary Market? Why?

Answer

primary market is the market where the shares r issued for
the first time normally called as intial public
offering.where as secundary markets r the markets which
were already listed in share markets, they r issued as
bonus.

Is This Answer Correct ?

5 Yes

0 No

Question { Capital IQ, 9360 }

what is portfolio management?

Answer

Portfolio management is about strengths, weaknesses,
opportunities and threats in the choice of shares
encountered in the attempt to maximize return at a given
appetite for risk.

Is This Answer Correct ?

6 Yes

3 No