Interview Questions Answers in Accounting AllOther

gayathri

{ City } bangalore
< Country > india
* Profession *
User No # 25938

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Answers / { gayathri }

Question { HP, 45792 }

What is meant by Salaries Outstanding Accounts?

Answer

Salaries Outstanding A/c is Nominal A/c. Nominal Account
rule is Debit all expenses and losses, and Credit incomes
and gain. Outstanding Salaries is Liabilities (expenses)
of the company

Is This Answer Correct ?

38 Yes

54 No

Question { HP, 45792 }

What is meant by Salaries Outstanding Accounts?

Answer

Salaries Outstanding Account refers salaries which are
already due but not paid.

Is This Answer Correct ?

61 Yes

5 No

Question { 53533 }

What is the nature of Bills Receivable account, I mean is
it a real account or personal a/c?

Answer

The nature of the Bills Receivable Account is Real Account
Why because Account of bill of exchange i.e., account of an
asset.

Is This Answer Correct ?

16 Yes

22 No