Answer Posted / shameemudheen

1 Entry has to pass on every month end
Leave Salary DR
Provision for Leave salary CR
(Being Leave salary expenses)

2nd entry should pass agaist the first entry
Provision for Leave salary DR
Bank AC CR
(Being leave salary expenses paid from bank subject to provision made (specific month)

Tell me did you use accounting applications at your previous companies or prefer working manually?

1056

---

How use Budget in SAP, i want to see the report of variant between budget and actuals.

1845

---

Define the term material facts in accounting?

1239

---

in trading credit why does goods sent on consignment come?

2048

---

Have you ever heard about tds, what it is?

1093

---

Tell us do you have any professional experience of this field?

1037

---

what is revenue recognition rule, and can you specify the answer.

1737

---

As you know any other accounting application?

1037

---

In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/

1654

---

What is compound journal entry?

1048

---

if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3775

---

correction of sundry creotors

2658

---

{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?

2252

---

Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.

1861

---

what are the main important accounting entries for AP and AR ...

1486

---