Interview Questions Answers in Accounting General

hussain

{ City } bangalore
< Country > india
* Profession * accountant
User No # 39224

Total Questions Posted # 2
Total Answers Posted # 2

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Questions / { hussain }

Questions Answers Category Views Company eMail

which are the final entries while closing of books and account at the end of financial year ?

1 Accounting General 5547

what is the difference between trial balance and ledger account

4 Accounting General 7927

Answers / { hussain }

Question { 9796 }

What is 'Rights Issue' ?

Answer

Subsequent issue of shares by an existing company to an
existing share holder is known as right issue.

Is This Answer Correct ?

8 Yes

0 No

Question { 10507 }

What are the rules of Account?

Answer

1. Real Accounts : Debit what comes in
Credit what goes out

2. Nominal Accounts : Debit All Expenses And Losses
Credit All Income And Gains

3. Personal Accounts : Debit the Reciver
Credit the Giver

Is This Answer Correct ?

7 Yes

0 No