Interview Questions Answers in Accounting AllOther, Accounting General

amit kumar

{ City } delhi
< Country > india
* Profession * account assistance
User No # 37550

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Question { Capital IQ, 23908 }

what is cost of goods sold ?

Answer

COST OF GOODS SOLD =

OPENING STOCK + NET PURCHASE - STOCK AT THE END + DIRECT
EXPENSES

Is This Answer Correct ?

1 Yes

0 No

Question { HCL, 5904 }

what is golden accounting rules

Answer

1.DEBIT ALL EXPENSES LOSSES CRRDIT ALL GAINS AND PROFIT
2.DEBIT WHATS COMES IN CREDIT WHATS GOES OUT
3.DEBIT THE RECEIVED CREDIT THE GIVER

Is This Answer Correct ?

3 Yes

0 No