What are the Journal Entries required to know in interview?
pls post the entry or give the link.
13 Replies
ramkumar
(ramkumar)
(53 Points)
Replied 14 July 2013
1.Provision for bad debts
2 . salaries outstanding
CS Abhijeet soni Advocate
(CS LLB MCOM MBA (FINANCE) MPHIL CA INTER PGDCA PGDA&PR )
(931 Points)
Replied 14 July 2013
mainly bad debts and its provision
CA Kumar Mukesh
(CA CMA FINAL and Advance Excel Trainer)
(6881 Points)
Replied 14 July 2013
If you are going for Accounts Department, you should have clear understanding of Basic accounting priciples. and if you know very well there is no difficulties to make any accounting entry whatever opposit person want to know.
Uma
(Student)
(158 Points)
Replied 14 July 2013
1.Depreciation 2.Interest on deposit. 3.VAT on cash sales,VAT as expenses.
CS Abhijeet soni Advocate
(CS LLB MCOM MBA (FINANCE) MPHIL CA INTER PGDCA PGDA&PR )
(931 Points)
Replied 15 July 2013
Real answer has been given bt MR. KumarMukesh (Work in Progress)
Impressed Keep it up
Thanks
Uma
(Student)
(158 Points)
Replied 15 July 2013
Mr.Eklavya, Every one know basic entries.
adjustment entries like VAT,TDS,INCOME TAX,SERVICE TAX,Loan,Interest,HP,
Employer paid prequisite benifit to employee.(not basic)
mahendra jangid
(Dy. General Manager (Finance))
(444 Points)
Replied 15 July 2013
1. Entry on completion of assessment of Tax
2. Deferred Tax
3. Buyback/cancellation of shares
4. Closing Stock
5. Bad Debts, Further Bad Debts, Bad Debts recovered, provision for Bad Debts
6. Correction entry for bank reco
7. Shortfall in cash balance
8. Interest Accrued but not due
CA Abhishek Pal
(Accounts Executive)
(81 Points)
Replied 15 July 2013
I HAVE A EXPERIENCE OF A INTERVIEW WHERE I AM CURRENTLY WORKING
My HR asked me to apply all tally ERP 9 features for following entries.
1 Interest on Loan entry with automatically calculation of Interest on Loan features,
2 TDS on interest will features of tally,
3 TDS on Auditing exclusive of other expenditure
And many more
AAKASH DHANRAJ SRIVASTAVA
(Founder)
(72 Points)
Replied 16 July 2013
Depriciation,mostly accruals,revenue loke defered.
juzar
(senior accountant)
(40 Points)
Replied 17 July 2013
1) lets say one company is making rs 100,000 & other is making 1,000,000 which one will you buy.
2) i sold fully depreciated car for rs 10,000, please pass the entries
3) entry for dividened
4) if you physical stock is less than book stock, please pass enteries
5) step for issuing material from stores
6) difference between margin and mark up
7) step for approval of legal fees
Uma
(Student)
(158 Points)
Replied 19 July 2013
Good Evening Mr.juzar.
answer:
1.if i have the capacity to buy 1000000 and also company future is good, I will prefer to by 1000000 making company. (I thinking making is a profit not production)
2.cash a/c dr 10000
To profit & loss a/c 10000
(profit on sale of car)
3.shareholders a/c dr
To dividend a/c
4.loss in storage a/c
To stock a/c
(goods lost in stortage)
profit & Loss a/c dr
To Loss in storage a/c
(Loss tfr to p&l a/c)
5.debtors/cash a/c
To stock a/c
6.Margin - we set the margin to reach the sale/production/profit(set margin before process)
what is Mark up?
7.what is the step for approval of legal fees?
pls replay
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