What are the Journal Entries required to know in interview?
pls post the entry or give the link.
mainly bad debts and its provision
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
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
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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