Answer Posted / debasish pattnaik

Bank reconcilation statement is a statement which is
prepared by the business man to findout the error between
cashbook & passbook

One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?

2151

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what is the Differed Tax Liability & How it is calculate ?

1975

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"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

1391

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I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this. Wipro Limited Dear candidate Your Resume has been selected by ( Wipro Limited). I have attached your Interview Process letter with this email. Kindly see the attached file. Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm, Company Website – www.wipro.com Note - And more details you send a email Company Email Add – career@wiprolimited.in Best Of Luck For More Details Please Click Here Wipro Limited

1560

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I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.

1837

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You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically

999

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What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.

1436

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How is scrap value calculated?

642

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Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

2353

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What do you mean by ledger posting?

655

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what is profitability ratio and dividend policy ratio

1490

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Explain what qualities and skills make an account manager successful?

643

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Into which account do we close the revaluation account balance during the winding up of a company?

1495

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How can you do credit control?

686

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What is the difference between perpetual & periodic inventory system?

569

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