Answer Posted / sankeerthana

No entry needed to pass for Bank Gaurantee

what is the D.V.T. rate from 1/10/2009

1586

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we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?

1481

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All Interview related Questions pertaining to General Ledger,Finance & Accounts.

2315

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Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1063

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While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

1802

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What is the difference between cfa and csa?

9747

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How the Depreciation will calculate in Company?

1710

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Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?

591

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Tell me how you can adjust entries into account?

556

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What is band and why the company needs this?

1568

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What are the four classifications of bad and doubtful debts as per the context of the bank?

708

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What is meant by balancing?

609

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Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?

3319

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Can you please explain the difference between differentiate between consignor and consignee?

630

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What a deferred asset is and give an example?

632

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