Journal entry in interview

A/c entries 3999 views 13 replies

What are the Journal Entries required to know in interview?

pls post the entry or give the link.

 

 

Replies (13)
1.Provision for bad debts 2 . salaries outstanding

mainly bad debts and its provision 

 

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.  

 

1.Depreciation 2.Interest on deposit. 3.VAT on cash sales,VAT as expenses.

1) Depreciation

2) Prepaid expenses

3) Accruals

4) Golden rules

5) Closing stock

 

Real answer has been given bt MR. KumarMukesh (Work in Progress)

 

Impressed Keep it up

Thanks

good question hahahaha .... due think you're ready for job in accounting ???

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)

 

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

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

 

Depriciation,mostly accruals,revenue loke defered.
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

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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