Interview Questions Answers in Banking Finance

nayeem khan

{ City } dubai u.a.e.
< Country > other
* Profession * analyst
User No # 61587

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Answers / { nayeem khan }

Question { Genpact, 30463 }

What is the entry for deprecation?

Answer

Accomulate Depreciation A/c Dr.

Depreciation A/c Cr.

Being depriciated for the month of ....

Is This Answer Correct ?

2 Yes

9 No

Question { 17527 }

1) What is mean by debit, credit
2) what is mean by purchase, sales

Answer

This is the basic accounting procdure to follow

put in the left column, say: Debit
put in the right column, say: Credit.

2 Purchase the acquisition of something for payment.
Sale the exchange of goods for an agreed sum of money

Is This Answer Correct ?

0 Yes

5 No