Question { India Glycols, 5796 }

How to enter an invoice already paid?

Answer

If already paid You pass a journal entry as follows
at the time of payament the entry was
Supplier account Dr
To Cash or bank a/c
(The supplier account has to be grouped under Loans and
Advances)
while passing invoice
Purchase of materials Dr
To supplier a/c

Question { 3513 }

hwo to joine accountancy

Answer

I am not catching you
If you are a commerce knowing person there is way to develop
If you are a non commerce one there is a way to start. pl
let me know clearly. I am a tax Practioner. If you really
need help and guidence I am here to look after you. Pl send
your e-mail

Question { Octopus, 6495 }

what is diffference between retail invoice and tax invoice ?

Answer

Tax invoice is the invoice issued by the registered dealer
under Vat Act.The purchaser can avail input tax credit(ITC)
thru tax invoice only. Retail invoice is the invoice issued
by other dealer who is not registered under vat act.

Question { GE, 11816 }

please send me a HSBC basic accounting question & answers
to my mail id.

Answer

Do you want real help. If so send your e-mail immediately.
I prepared 6 sets of question papers specially for
candidates like you. All the papres were based on accounts
and finance. Your answers will be commented and
suggesstions will be posted.

Question { 27480 }

what is format of Trial balance

Answer

The question itself is not clear But I understood his
opinion as Where to place the ledger balances under Debit
or credit.
Sri VPNarasimham sir His question travelled in one way your
answer travelled in a different way. This type of answer
may not satisfy you as well as others.Keep always one thing
in mind. Your answer should be brief and sraight. It should
be impressed by others.
In this juncture I would like to introduce myself as a Tax
Practitioner doing since 35 years. To help and educate
youth recently I prepared 6 sets of question papers and
sending to interested candidates who furnished their e-mail
address to me and asking those to return back the papers
duly answered. After receiving them I am valuing and
sending back with comments and suggesstion along with the
continuing paper and also the answer book prpared by me. If
pleased with policy pl send your e-mail to join in the
scrolls

Question { 90395 }

What is cash profit? how can we calcute?

Answer

cash gain,after adding back the nett profit(after deducting
taxes)to the internally generated expenditure like
depreciation and amortizatio. it is some times reffered as
cash flow

Question { Genpact, 16619 }

Canu send me account aptitude questions

Answer

Why not I prepared 6 sets of accounting and tax based
question papers for you. I am a Tax Practitioner and can
give valuable and useful guidance to develop yourself.send
today your e-mail if you really need papers

Question { ACS, 6773 }

please send Model question Paper accounting related
question for entrance test

Answer

If you need accounts related questions,send your e-mail. I
will send

Question { Capital IQ, 12209 }

what is leverage?how many types of leverages are there and
explain

Answer

Leverage is one of the keys for success of business.many
business men spend their time in focussing on how they can
better serve their customers by improving their service
There are types of Leverages
1.Leverage thru people
2.Leverage thru systems
3.Leverage thru marketing
4.Leverage thru Finance

Question { 53425 }

An advance of Rs 10000/- is received from customer.
pass necessary journal entries

Answer

Advance is not unearned income.it is a payment made by a
customer for future commitment towards supply of goods or
service
The simple entry is
Cash a/c dr
To customer advance a/c
(being advance recd from customer)

Question { 3787 }

Whether is there vacancy for the post of Accountant?

Answer

we dont know who are you, your qualifications,experinece if
any. I think you are not serious in putting question If
serious furnish your details and then ask

Question { State Bank Of India SBI, 4696 }

Please send the all account interview question to me

Answer

If needed seriously pl send your e-mail id to get good set
of papers

Question { Genpact, 18284 }

Credit Paurchases

Answer

His question is the meaning of credit purchase
The real meaning is
Purchase of goods on credit means purchase agianst promise
to pay the amount equal to the value of goods supplied in
future
The question postors are putting question as they like
Like wise the answer postors are also answering questions
as they think.
My sincere and elderly advice regarding the matter is
utilise the chance and post question or answer but dont
waste time.

Question { 4608 }

can anyone provide me the Balance Sheet Items & Profit &
Loss A/c Items & Accounting Heads with Accounting codes?

Answer

let me know why you are asking accounting items.No commerce
candidates will ask this type of question. If you really
need accounting knowledge pl send your e-mail to me I will
send full pledged question papers mainly prepared on
accounting and Finance

Question { WalMart, 4769 }

what is profit maximisation

Answer

This is aprocess by which a business organisation
determines the price and output level that returns the
greatest profit