charity comes under which ledger group

Question Posted / ramya

Answers were Sorted based on User's Feedback

charity comes under which ledger group..

Answer / mohammed hameed

Donations (Expenses)

Is This Answer Correct ?

26 Yes

1 No

charity comes under which ledger group..

Answer / rabindra

(Indirect Expenses)

Is This Answer Correct ?

8 Yes

0 No

More Audit Interview Questions

what is the accounting entry for fictitious asset

what is the accounting treatment on Putoption over own shares.?

If any expenses accrued for the F.B.T paid quarter in the next relevant quarter, can we post the expenses in the next quarter?

What is a cheque

what is the abervation of tds

Is vendor statement recon done as two way process? Statement to Ledger Ledger to stement?

what is HRA ? How will calculated ?

what are all the things done by an accountant in small company. for example-if he is maintaining accounts receivable.

Is bank reconcilation necessary for any organization ? If yes, when should that performed ?

What to do after the audit?

What aspects interest you in the field of auditing ?

What are intangible assets?

For more Audit Interview Questions Click Here