Interview Questions Answers in Accounting AllOther, Accounting General

sunil kumar

{ City } new delhi
< Country > india
* Profession * accountant
User No # 43575

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Question { 26680 }

In which account does tea and xerox will be taken into
consideration

Answer

TEA WILL GO INTO THE STAFF WELFARE A/C
XEROX WILL GO INTO THE PRINTING & STATIONERY A/C
BOTH ARE THE INDIRECT EXPENSES

Is This Answer Correct ?

37 Yes

2 No

Question { Royal Bank Of Scotland, 13262 }

what is account opening and account closing??

Answer

IF YOUR COMPANY IS NOT NEW AND IT IS RUNNIG FROM LAST YEAR.
END OF FINANCIAL YEAR BALANCE OF THE LEDGER IS CALLED
CLOSING BALACE AND NEXT FINANCIAL IT WILL CALLED OPENING
BALANCE.

Is This Answer Correct ?

9 Yes

2 No