Accounting Interview Questions

Hi Sagar Your question is very good, in my opinion answer is Liabilities are credit and assets are debit side(Right Side), In Indian Accounting rules the performa is this. But US and UK use Assets...

hi,it may be help u in understanding y labilities is shown in left side n assets is shown in right side.we all knows that left side is represent the debit balance n right side represent the credit&nbs...

calender maintaince means update the sales , purchase and accounts records. Simply meaning is maintain the records monthly, quaterly, half yearly and yearly.

Meaning of Accrual: Revenues and costs are accrued (gathered), that is recognised as they are earned or incurred (and not as money is received or paid) and recorded in the financial statements of the ...

generally, it is the allocation of all time, material and expenses to an individual project or job; specifically, JOB COSTING is normally software based and provides for budgeting, forecasting, collecting and reporting on the expenditure and revenue associated with specific projects or jobs

Transactions that take place after the closure of financial books, but before placing it in AGM.

 Transactions which happened due to catastrophic events i.e unsual circumstance example: earthquake, flood, psunami etc are called extraordinary items.

1) Make the creditor, your debtor

2) For good creditor, give discounts & offers

3) For bad creditor, inform your position of willingness but inability to sustain relationship keeping in mind our business position.

credit control is done by two way

one is with the help of govt

another is ,with the help by govt+central bank of a contury

for e.g. change in bank rate,change in margin requirement of loan,change in cash reserve ratio ,change in liquidity ratio ,change in tax rate etc. 

planning is future goals of any business aspect they can be categorised into three partsstratigical planning uses by top level management.(board of director, M.D for 5-10 yrs long)tactical planning us...

It is  a common question in interview, on the basis of cv Planning is a group work, so we find what work we done on the planning process. Every work is group work so we find what work we done in every part of Accounting

in business transactions which is a recent transaction .it is call dormat account

Assets in Banks are Loans and Advances given to borrowers. These Assets are divided into 4 categories. they are1. Standard Assets:These accounts are good and the borrower is repaying the loan as per s...

Hi, This is prasadStep involved in project implementation :a. Identification of the need. b) Idea generation and screening of ideas.  c) Feasibility Study. d) Project Development  e) Impleme...