Answer Posted / kannan

in case of discount received- happens when purchase involved

purchase a/c Dr
discount received a/c Dr
To vendor A/c

in case of discount allowed- happens when sales involved

vendor A/c Dr
To discount allowed
To Sales

Cello pen gross value is 935.89 for 12 nos 14.5% tax

1890

---

Tell me do you think there is any difference between inactive and dormant accounts?

1022

---

What is the networth percentage observe by banks

1998

---

Please would you provide me with a defenition of Cycle count tolerance ? Thank you

1940

---

Do you have any professional experience in this field?

1002

---

Explain the term account payable?

997

---

total assets are equal to total liabilities in final accounts ?why?

1888

---

how to calculate basic to gross salary

2009

---

in terms of accounting the trial balance when is it taken?

999

---

Spinoff,Spelloff

2207

---

what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?

2134

---

What qualities have you got that would make you a good accountant?

985

---

What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?

2071

---

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

2227

---

can any one tell what is the selection proces in cognizant for MBA finance

6970

---