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What are the merits of appropriation in governmental accounting.
Appropriation is an estimate of expenditure to be incurred. It serves as a benchmark upon which the actions and performance of a governmental unit are measured. It helps monitor and set control to budgetary expenditures; a means by which variances are determined by comparing actual expenses with appropriated balances.
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Accounts payable and receivable effect the general ledger
How does posting acctounts payable and receivable effect the general ledger?
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Back Flash Accounting
What is Back Flash Accounting and explain with an example
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What are the wasting assets?
Wasting assets are those which will decrease by the consumption. ex:- coal mines
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Prepaid expense effects
What is prepaid expense and what are its effects?
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Contingent Liability
What is Contingent Liability?
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Coping with Multiple Deadlines
How do you cope with multiple deadlines, if there are all asked at once ?How do you prioritise them ?How do you handle the pressure in this kind of situation ?Do you feel energised by them ?
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Using Periodic inventory system
Using Periodic inventory system: debit creditMerchandise inventory 7/1/05 32,000Sales 380,000Sales returns 12,000purchases 240,000 purchase discounts 6,000purchase returns 10,000freight-in
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Financial account and Financial statement
What is the difference between financial account and financial statement
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Preparing MIS Report
How do you prepare MIS Report?
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Contralling accounts and Subisidiary Ledger
Explain about contralling accounts.Explain about Subisidiary Ledger.Explain about mixied accounts.
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