What is the abbreviation for the accounting terms debit and credit?
- 1 Answers
- 1100 Views
- I also Faced
- E-Mail Answers
Answer Posted / Pankaj Kumar Mishra
The abbreviations for the accounting terms debit and credit are DR and CR, respectively.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
WHICH QUESTIONS ASKED IN EPFO IN 2009.
describe any accounting process that you have developed or revised
Tell us what kind of work environment do you prefer?
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
As you know account executives need to be talented salespeople. Do you have experience making sales?
Which accounting applications are your familiar with?
Do you use social media to identify prospects?
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
why i want to join Hawkins company
Explain a time when you have not met your goal?
There is no item category assigned to account
what are your current financial and accounting projects? What is your role?
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
Tell me which accounting application you prefer most and why?
Why did you choose the a-levels you did?
