Interview Questions Answers in Banking Finance, Accounting General

kedarnath barik

{ City } bhubaneswar
< Country > india
* Profession * accountant
User No # 58532

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Question { GSK GlaxoSmithKline, 43440 }

What is Petty Cash Book?

Answer

It's as like as cash book.but something different .In cash
book we maintain two side i.e.,DR& CR.In petty cash book we
maintain the same ,but the credit side is divided into
expenditure ways.Like xerox , tea exp, stationery & etc.

Is This Answer Correct ?

11 Yes

11 No

Question { 102265 }

What is the journal entry for insurance premium payment of a
company

Answer

Insurance a/c dr
To cash/bank a/c
(Being paid insurance premium paid)

Is This Answer Correct ?

110 Yes

17 No