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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What is the treatment you give  for the prepaid insurance 
created in the year end in the month of April
 Question Submitted By :: Jakkaram
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is the treatment you give for the prepaid insurance created in the year end in the month of April
Answer
# 1
1.It will be deducted from concered expense(Insurance)in 
Income Statement.
2. Show on the Asset side of Balance Sheet under the 
heading "Insurance Prepaid"

Adjustment Entry:

Insurance Prepaid  A/c  DR. 
     To, Insurance A/c
 
Is This Answer Correct ?    6 Yes 1 No
Saritha P.t
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
what is accounting? pls tell me in exact definition  3
Expand C R R  3
pLAESE TELL ME ENTRY ONE PURCHASE BILL RECEIVED THERE IS PURCHASE AMOUNT 15000/- INPUT VAT 4%-600, FREIGHT CHARGE IS 400/ .SO THAT IS THE ENTRY  4
EXPAND______________IDBI?  3
What is your principles and values in life Ernst-Young14
Expand---------TRC  3
what is difference between fund flow and cash flow NEC2
WHAT IS F& O SEGMENT?  2
Q 1. Explain me about the Professional tax.  1
EXPAND___________NIMS  1
what is the difference between a company's balance sheet & a bank's balance sheet.what is the negotiable instrument act . is cheque a negotiable instrument. SBI3
when the creditors shows debit balance  3
ATTENTION PLEASE.All the answer posterors will be sent the complte key on the questions if requested thru mail id Answered but misspelled pl correct Happening as a consequence of transaction the reult is(Ans- TNEVE)  1
Which game is played only by women SBI9
EXPAND___________LTTE  1
Pass remuneration for annum to working partners as 5000,7500 and 10000 per month to A,B and C  1
if you reconsilation is doing at end of the month 31 march. you have question for one amount on 30th march which is the banker said that we do not know about the 30th march entry, the amount deposit and expenses. please come after one week. but u need to complete reconcilation end of march. so, what will you do know? Genpact4
what is quick asset Capital-IQ8
Expand ------MNIC  1
WHAT IS THIS ACCOUNT Genpact11
 
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