Interview Questions Answers in Accounting General

Questions / { jubeda }

Questions Answers Category Views Company eMail

Answers / { jubeda }

What is column cash book?

Answer

THERE ARE THREE TYPES OF CASH BOOK SINGLE COLUMN CASH BOOK,
DOUBLE COLUMN CASH BOOK, TRIPLE COLUMN CASH BOOK WHERE WE
CAN WRITE ALL THE DETAILS TOGETHER/SEPERATELY.

Is This Answer Correct ?

18 Yes

2 No

Question { 14974 }

What is column cash book?

Answer

THERE ARE THREE TYPES OF CASH BOOK SINGLE COLUMN CASH BOOK,
DOUBLE COLUMN CASH BOOK, TRIPLE COLUMN CASH BOOK WHERE WE
CAN WRITE ALL THE DETAILS TOGETHER/SEPERATELY.

Is This Answer Correct ?

10 Yes

1 No

Question { 14460 }

what is Penal account

Answer

I DONT KNOW PLEASE SEND ME THE WRITE ANSWERS FOR ALL THE
QUESTIONS IN MY EMAIL ADDRESS

Is This Answer Correct ?

2 Yes

2 No

Question { 14460 }

what is Penal account

Answer

I DONT KNOW PLEASE SEND ME THE WRITE ANSWERS FOR ALL THE
QUESTIONS IN MY EMAIL ADDRESS

Is This Answer Correct ?

1 Yes

1 No

Question { Infosys, 28961 }

What is general entry credit purchase?

Answer

PURCHASES A/C DR. XXX
TO PARTY'S A/C XXX

Is This Answer Correct ?

7 Yes

1 No

Question { Infosys, 28961 }

What is general entry credit purchase?

Answer

PURCHASES A/C DR. XXX
TO PARTY'S A/C XXX

Is This Answer Correct ?

10 Yes

1 No

Question { Intelent, 15394 }

What is general entry credit purchase with discount?

Answer

PURCHASES A/C DR. XXX
TO PARTY,S A/C XXX
TO DISCOUNT A/C XXX

Is This Answer Correct ?

18 Yes

1 No

Question { Intelent, 15394 }

What is general entry credit purchase with discount?

Answer

PURCHASES A/C DR. XXX
TO PARTY,S A/C XXX
TO DISCOUNT A/C XXX

Is This Answer Correct ?

9 Yes

0 No

Question { 6148 }

What is the reason for balance sheet not getting talleyed?

Answer

THE RESAON FOR B/S NOT GETTING TALLEYED IS THAT IF THE
ENTRIES ARE NOT PASSED OR IF THE ADJUSTMENT ENTRIES ARE NOT
POSTED TWICE IN THIER CONCERNING A/C OR IF WE MISS THE
ITEMTS.

Is This Answer Correct ?

7 Yes

1 No

Question { 6148 }

What is the reason for balance sheet not getting talleyed?

Answer

THE RESAON FOR B/S NOT GETTING TALLEYED IS THAT IF THE
ENTRIES ARE NOT PASSED OR IF THE ADJUSTMENT ENTRIES ARE NOT
POSTED TWICE IN THIER CONCERNING A/C OR IF WE MISS THE
ITEMTS.

Is This Answer Correct ?

8 Yes

0 No

Question { 16008 }

what is BRS? 12.Why is it used ?

Answer

BRS MEANS BANK RECONCILIATION STATEMENT. IT IS USED TO
RECONCILE THE PASS BOOK AND CASH BOOK SO THAT THE ACCOUNTS
IS PROPERLY MAINTAINED AND WE GET TO KNOW THE OUTSATNDINGS
AND PREPAIDS.

Is This Answer Correct ?

2 Yes

0 No

Question { 16008 }

what is BRS? 12.Why is it used ?

Answer

BRS MEANS BANK RECONCILIATION STATEMENT. IT IS USED TO
RECONCILE THE PASS BOOK AND CASH BOOK SO THAT THE ACCOUNTS
IS PROPERLY MAINTAINED AND WE GET TO KNOW THE OUTSATNDINGS
AND PREPAIDS.

Is This Answer Correct ?

0 Yes

0 No

Question { IBPS, 28802 }

Why do we prepare trial balance?

Answer

FROM THE LEDGER WE PREPARE THE TRIAL BALANCE AND TO GET THE
FINAL A/C WE PREPARE THE TRIAL BALANCE AND IT ALSO INCLUDES
ADJUSTMENTS.FROM THE FINAL A/C WE GET TO KNOW THE POSITION
OF OUR BUSINESS AND WECAN IMPROVE OUR POSITION IN A
COMPETETIVE WORLD.

Is This Answer Correct ?

32 Yes

4 No

Question { IBPS, 28802 }

Why do we prepare trial balance?

Answer

Is This Answer Correct ?

11 Yes

4 No

Question { 17669 }

What do you mean by depreciation?

Answer

DEPRECIATION IS A REDUCTION IN THE VALUE OF FIXED ASSETS
BECAUSE OF ITS WEAR AND TEAR FOR NUMBER OF YEARS.

Is This Answer Correct ?

5 Yes

2 No