Interview Questions for Accountant

8/6/2019 Interview Questions for Accountant

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INTERVIEW QUESTIONS FOR ACCOUNTANT

What is Budgeting?

How does it help to management in taking the decisions?

Asked by: krishnahr13Read answers (3)

How do you book a letter of credit in your books?

Asked by: babymel

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What are the various items fall in balance sheet

Asked by: akki.jagani

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How many methods are used to calculate depreciation

Asked by: nitinkvenu1


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Read answers (6)

What is difference between forecast and budget

Asked by: patil21sharad

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How to place journal entry for purchase order in books of account ?

Asked by: Bhavya G

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Explain Variance Analysis with Example?

Asked by: chitrakandasami

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Contingent Liability

Why are contingent liabilities ever recordedwhy not just wait until a lawsuit is settled? What

accounting concepts apply to this situation?


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Asked by: sweets4uRead answers (3)

How to prepare funds flow statement?

Asked by: pankaj.boricha

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What is the difference between cash basis and accrual basis Balance Sheet?

Asked by: karen_p_montilla

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F

What is Gross Profit Margin?

Asked by: Biju T PRead answers (4)

What is accounting report


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Asked by:Asgar Khan

Read answers (3)

What are the different kind of mis reports

Asked by: samini_v

R

ead answers (2)

How will you account B company investment in C company in consolidatedaccounts?

A parent company, acquired 80% of B company, which in turn has already acquired 40% of C company.

How will you account profit of C company in consolidated accounts? How will you account B company

investment

Asked by: Risan ZarookView Question

What is committed cost?

Asked by: Nishi Kanti Dey

Read answers (3)


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Procedures of Elimination

If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate

their activities? What are the procedures of elimination during consolidation of financial statements?

Asked by:juliabyersRead answer (1)

What is forecasting & Budget?

what is the difference between these two?


Read answer (1)

MIS reports

required MIS reports for business feasibility study - (format with total revenue and expense )

Asked by: ssk176

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What is meant by appropriation?

Asked by: ramahirrao

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FIRC Accounting

How FIRC accounting is done?What is the status of prepaid insurance accounting?

Asked by: pradeepkumarvashistha

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Compliance Procedures

What procedures are in place to ensure that a sponsored project is carried out in compliance with the

terms, conditions and financial management and reporting requirements of both the municipality and

Asked by: bukelwa

PAYABLES

Departmental Accounting

Distinguish between allocation and Apportionments of Expenses

Asked by:Japhee Joseph

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What is a IFA?

Asked by:johnmathew986

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Golden rule of accounts

what is golden rule of accounts

Asked by: akki.jaganiRead answers (2)

Coding License Agreements, service contacts and maintenance contracts to aGL? Which is the best way

Coding License Agreements, service contacts and maintenance contracts to a GL? Which is the best wayto code these types of expenses?

Asked by: Jacquie

Read answer (1)

What do you mean by DOA?


Read answers (3)

How is a PO (Purchase order created)?



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Read answers (6)

How does the payment mechanism work?


Read answers (2)

What do you mean by Mischarge Correction?


Read answers (2)

What is the difference between EFT & Wire?


Read answers (7)

What do you understand by Intercompany Settlement?



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What is debit and credit from the banks point of view ?

Asked by: ferozbm

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What is debit and credit from the customer point of view ?

Asked by: arnab

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What is the payrollsytem

Asked by: k.srinivasu

Read answer (1)

What isFBT

(Fringe Benefit

Tax)??

Asked by: venkata

Read answer (1)


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What is a NAFCO?


Read answer (1)

What procedure for excess payment to supplier i would like know withoutadjusting invoice that means

What procedure for excess payment to supplier i would like know without adjusting invoice that means

how supplier will send back excess amount how do in oracle apps

Asked by: bmahathma

Read answers (9)

What is the meaning of invoice?

Asked by: ajay

Read answers (14)

What is meant by liabilities ?

Asked by: ferozbm


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What information do you need before approving an invoice?

Asked by:JulieB

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What is the meaning of TDS? How it is charged

Asked by: kanslm123

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What is interest on capital, how it calculated

Asked by: kanslm123

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Invoice discrepancy

How do you resolve a Invoice discrepancy that you discover

Asked by: candiehuston


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Invoice payment

What items of information do you need before you can approve an invoice for payment?


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Types of Purchase Order Status and their Relevance

How many types of purchase order's status are their and their relative significance. e.g Closed,

Released, Open, etc

Asked by: cwamegha

Read answer (1)

Three Way Matching Concept

What do you mean by THREE WAY MATCHING CONCEPT for the following aspectsVoucher &

receiverPurchase order, Receiver & invoiceReceiver, Invoice & VoucherInvoice, Purchase order &

Voucher

Asked by: vishakanu

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3 Way Matching

What is 3 Way Matching?


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Asked by: shivashanker21

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AP Process

What is the most criticality part or process for AP?What is delegation of authority in term of AP

process?

Asked by: rattan_76

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Account Payable Audit

What are the steps and the process from the start till the final report for an internal account payable

audit program?

Asked by:Alsuwaidi

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What is a GAMI?


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What is WAC?

Asked by: SANKAR.P

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Is it possible to make a payment without invoice or due in SAP, If yes how itpossible, If no how

Asked by: Srihari

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Invoice on hold

What do you mean by invoice on hold?

Asked by: nuruddins

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Credit and collection

Explain how the credit and collection process is handled in a BPO?

Asked by: shilpa428

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Pass a JV


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How to pass a JV when we receive bill including service tax? How to close this a/c?

Asked by: sonichinu

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Billable Revenue and Collection

Explain billable revenue and collection. How to they differ from one another?

Asked by: gmoma

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Factored Invoice

What is a factored invoice?

Asked by: soubh2000

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TDS

If you have TDS exemption for Last Year and bill also for last year but booking happen in current year

then what is the TDS Effect?

Asked by: krish197

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Accounts Payable Rules for Liquidation

How does one handle outstanding account payable when the business is closing and on an accural basis,

but owner has no way to pay the debt, can these expenses be deducted on the final tax return?

Asked by: branefj

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Account Payable Rules

What is account payable rules for liquidation?

Asked by: promod4one

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Bank Reconciliation

What are the entries that get generated in Bank reconciliation both check and wire banks ?

Asked by: gauravcanada2003Read answer (1)

Faster and Cheaper Payment

Which mode of payment is faster and cheaper - ACH or Wire transfer?

Asked by: gauravcanada2003

Read answer (1)


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What is the Debit Balance recovery? How we can recover if we wont have anyfuture transactions from

What is the Debit Balance recovery? How we can recover if we wont have any future transactions from

supplier?

Asked by: RagavanRead answers (2)

WIRE

What is the full form of the trem WIRE in wire payment ? Expalin the process for making and receiving

the payment through WIRE?

Asked by: Sanju40148

Read answers (3)

What is another name for a real account in accounting? is it a permanent

account or a temporary account?What is another name for a real account in accounting? is it a permanent account or a temporary

account? Also, what is another name for a nominal account? is it a permanent account or a temporary

account?

Asked by: Jennifer

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Verify Expense Report / Invoice Payment

What items would you verify when processing an expense report /invoice for payment?

Asked by: kthomas38


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SysAudit

What is the sysaudit?

Asked by: rajesh.t

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Process and Report

What is the differences between process and report?

Asked by: rajesh.t

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What are the steps to configure automatic clearing? suppose we have to pay abunch of outstanding payments

What are the steps to configure automatic clearing? suppose we have to pay a bunch of outstanding

payments what is the procedure?

Asked by: sudhakerkkk

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In implimenting a project, what are the records we have to upload from non SAPsystem to SAP system

In implimenting a project, what are the records we have to upload from non SAP system to SAP system

particularly pertaining to accounts department


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Asked by: sudhakerkkk

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End to End AP Process

Explain End to End AP Process?

Asked by: Devaraj_patil

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Vendor Account Reconciliation

What is Vendor Account Reconciliation?

Asked by: nuruddins

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How do you answer this question "what is company code". 2) Is it necessary tocreate Sundry

How do you answer this question "what is company code". 2) Is it necessary to create Sundry creditors

a/c while we use Vendor a/c in SAP?

Asked by: vikram

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Which area of accounting are you strongest? Which area of accounting wouldyou like to improve?


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Asked by: sera

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What is a Wire? What do you understand by a outside wire?


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Tolerance Limit

What is a tolerance limit with respect to invoice processing?

Asked by: nuruddins

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What is the difference between Consiner and Consinee?

Owner of the asset, Feacture Owner of the Particular Asset.

Asked by: A.S.CHOWDARY

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Difference between profit and loss account


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Asked by: bluerite

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Purchase orders

What are some common question asked about purchase orders?

Asked by: lmceachin

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Accounts Payable Helpdesk

What are common issues addressed by AP helpdesk?

Asked by: nuruddins

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P-Card

What is a P-Card? What are its advantages?

Asked by: nuruddins

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Modes of Receiving Invoices

What are the different modes of receiving invoices?

Asked by: nuruddins


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Why does a company/business require an Accounts payables process?

Asked by: mahima

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Evaluated Receipt Settlement

Evaluated receipt settlement is used for __________ backed suppliesa. Paymentb. Purchase orderc.

Advanced. All of these.

Asked by: vishakanu

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Net Working Capital

How do you calculate the Net Working Capital?

Asked by: nuruddins

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Correcting Duplicate Payments

Explain some of the ways in which duplicate payments made can be corrected?


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Asked by: nuruddins

Read answer (1)

Functions of Account Payable Department

What are the different functions of account payable department?

Asked by: nuruddins

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Matching Invoices

What are the different ways of matching invoices?

Asked by: nuruddins

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Non-PO Invoice

What is a Non-PO Invoice?

Asked by: nuruddins

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EFT


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What is EFT? What are the 2 common categories of EFT?

Asked by: nuruddins

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Journal Entries-Accounts Payable Process

What are the journal entries that will be passing from the Goods received till the payment made to an

supplier?

Asked by: Sathyaswarna.t

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MALA

What is MALA? How it is useful in accounts payable?

Asked by: tulasi reddy

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Approve Invoice for Payment

What items of information do you need before you can approve an invoice for payment?

Asked by: Hana mostafa

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Trial Balance

If Any amount showing negative figure on the credit side of the trial balance then what does it mean?


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Asked by: Prashanthair

Read answer (1)

Debtors Reconciliation

What are the tools used in Debtors Reconciliation?

Asked by: vishakanu

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What is the difference between Payments-Liquidation(Disbursements) &Dividend Warrants Liquidation?

What is the difference between Payments-Liquidation(Disbursements) & Dividend Warrants Liquidation?

Both of these products comes under Cash Management services

Asked by: vinod

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What is meant by Pay Group?

Asked by: sharan

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Billable and Non-billable Expenses

What is the difference between billable and non-billable expenses?

Asked by: Hana mostafa

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Accounting Golden Rules

What are Golden Rules for Accounting?

Asked by: Prashanthair

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Reposting, Distribution and Assessment

What is Reposting, Distribution and Assessment in accounting?

Asked by: christlady

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Debit Recovery

How to recover an accounts payable with debit balance?

Asked by: quellie

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Accounts Payables Process

Why does a company/business require an Accounts payables process?


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Asked by: Kartik_21011

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RTGS

What is meant by RTGS?

Asked by: gkrama

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Trail Balance

breif idea of trail balance ?


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Meaning of Per Diem

What is the meaning of Per Diem?

Asked by: kthomas38

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What is a Parked Report?


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Sub Ledger Posting

In accounts payable we use to pass sub ledger entries and what is it for?

Asked by: shanid

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Accruals Entries

If there is oustanding payments, we have to pass accural enteries. So what are the enteries for

accurals?

Asked by: shanid

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Price Variation

What do you mean by price variation in Purchase Invoice?

Asked by: Pushpika

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Accrual Entry

What is an Accrual entry?

Asked by: manikanthan

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What is balance sheet

Asked by: sidheek

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Billable and non-billable expenses


Asked by:Alley

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What is Reconcillation Statement ?

Asked by: somnathsahay

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Delivery Note


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What is the use of Delivery Note?

Asked by: tulasi reddy

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Quick Book

What is a Quick Book? What details does it contain?

Asked by: manurao.mba

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Which are the main MIS Reports of an accounts department & what the formatof preparing the MIS ?

Asked by: Ms.Sheela R.Nair

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Expense / Invoice Verification

What items would you verify when processing an expense report / invoice for payment?

Asked by: sanowishesRead answer (1)


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What happens if A/P on a cash basis shows a huge amount. Shouldn't be zero?

Asked by: Karen

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What is the meaning of TDS? How it is charged?

Asked by: emkishor

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What is interest on Capital?

Asked by: pps

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After raising GR then raise invoice for partial quantity. eg raised GR for 1000

quantity and raisedAfter raising GR then raise invoice for partial quantity. eg raised GR for 1000 quantity and raised

invoiced for 500 quantity. Now if u want to reverse the GR, u have to reverse the Invoice also. If the

payment done for the invoice, u cant reverse it. So how can we handle in this situation.

Asked by: Mallikarjun E.K.


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Read answers (2

STPI

What is STPI ? why STPI knowledge required in Accounts Payable ?

Asked by: humtumRead answer (1)

Accounts Payable STPT

In accounts payable - What do you mean by STPT?

Asked by: saran_infomax

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Tell us about an invoice discrepancy that you discovered and how you resolvedthe discrepancy.

Asked by: Interview Candidate

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diff b/w current account and saving account?2. what is sub ledger?give me oneex?3. what is another

diff b/w current account and saving account?2. what is sub ledger?give me one ex?3. what is another

name for a real account in accounting? is it a permanent account or a temporary account?...4. what is

the payrollsystem5. what is consolidation6. 1) developed interface program for invoice upload from

external system after validation and error handling...7. What is difference between automatic


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Payments Batches and automatic payments8. After raising GR then raise invoice for partial quantity. eg

raised

Asked by: rajesh

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Q-point

What is Q-point?

Asked by: r2k009

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Invoice discrepancy

Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy

Asked by:Alley

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Debenture

what is the difference between debenture and preference share

Asked by: knkishore404

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End to End process of AP

Please explain end to end process of accounts payable. I mean, Invoice processing to Payment.

Asked by:js_chacko

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How the General ledger accounts Relate to invoice?

Asked by: sireeshe

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Invoice for payment

What steps would you take before approving an invoice for payment?

Asked by:AlleyRead answer (1)

What do you mean by Interest rate ratio

Asked by: Ganesh Pagade

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What items of information do you need before you can approve an invoice forpayment


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Asked by: digamber

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Tell us about an invoice discrepancy that you discovered and how you resolvedthe discrepancy

Asked by: digamber

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What do you mean my Aging dates and How do you calculate aging dates

Asked by: N.RAMESH

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What steps would you take before approving an invoice for payment?


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What is difference between CTC and Salary?

Asked by: niharikachintu

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How to account freight cost, handling charges,purchase tax at the time ofraising a Purchase Order?For

How to account freight cost, handling charges,purchase tax at the time of raising a Purchase Order?For

example:Item to be procured= AQuantity to be procured= 10Unit Rate= 100Inward freight cost for 10

quantity (known at the time of raising PO )= Rs. 1000Handling Charges= Rs. 500Input Tax = @ 10% (on

base price)

Asked by: venkat

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What is diffrence between automatic Payments Batches and automaticpayments

Asked by: abdul

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What are the steps to define supplier?

Asked by: sureshgupta_k


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What steps would you take before making a payment?

Asked by: Cynthia

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what is sub ledger?give me one ex?

Asked by: blchowdary

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What is consolidation

Asked by: neelimakulkarni

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1) developed interface program for invoice upload from external system aftervalidationand error handling

1) developed interface program for invoice upload from external system after validationand error

handling by using staging tables for payables open interface import program

Asked by: md.faizuddin


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View Question

What is navigation

Asked by: madhu

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What do you understand by Open Item Managed Account?


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Wat is the difference between SAP MEMORY and ABAP MEMORY?

Asked by: jyothi

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What do you mean by WCC?


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What do you understand by an Independent Source from the context by AP?


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What is the basic datamodel of ar,ap,gl?Where should i get the information?caniget it in pdfs?What

What is the basic datamodel of ar,ap,gl?Where should i get the information?can iget it in pdfs?What is

the use of databse diagrams in TRMS?What are the cycles of GL,Ap,AR?What are the setups of

GL,AP,AR?

Asked by: radhika

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RECEIVABLES

How is a journal entry recorded?

Asked by:janelyn

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What is Accounts receivables?

Asked by: norman

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Credit ManagementWhat do you mean by Credit Management under AR in Professional field?

Asked by: animeshhappy

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Cash Applications

What are the steps involved in Cash Application & When is Cash Application comes into picture?

Asked by: animeshhappy

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What is reconciliation?

Asked by: venkata r vanaparthi

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What is the advantage of maintaining Accounts receivable?

Asked by:janelyn

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When you are doing analysis of your accounts, what actually you should lookfor?

Asked by: daizy_biswas

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Dunning letter specific invoice in AR

When i was running 'Dunning letter print specific invoice' report it is giving empty output for specific

invoice numbers..

Asked by: rajusrnk


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View Question

What information is needed in order to bill a customer for services ?


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Explain importance of COGS (Cost of Goods Sold) account and accountingentries in Order Management?

Asked by: Mohammedbabar

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Delinquent A/R Account

How much time needs to pass for an A/R account to be considered delinquent?

Asked by: raider_redux

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Refund Deposit Amount

You raised a deposit type of transaction to a customer, and received a receipt fully also.Later you

raised a standard type of invoice, and adjusted deposited partially towards this std. invoice by using

Asked by: sudhamba44


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Collections Experience

To what extent were you involved in collections?


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How debtors play its role in Accounts receivable?

Asked by: christia

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What is Evaluated Receipt Settlement?

Asked by: promod4one

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Flow of Account Receivables

What is total flow of Account Receivables?


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Asked by: kreddy.vonteddu

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Who is responsible for maintaining the Accounts receivable in an organization?

Asked by: nancyphilips

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Assets and Capitalization

1)Which type of assets should be capitalized and when expense out?2)Which type of assets expense out

or when?

Asked by: rashid

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What is Reconciliation ?

Asked by: ahsan.nazia

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Difference between Finance and Accounts

What is the difference between finance and accounts?most of the companies having a different section

like finance and accounts. why they aren't had only single section neither finance nor accounts?

Asked by: kumar

Read answers (4

Effective Collection

What is effective collection?

Asked by: ashok

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Dunning Letter

I ran the program "Dunning Letter Generate" and the log file says that the concurrent request ran

successfully. However there was no output file created.I have that customer setup for "Send

Asked by: vinittople

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Oracle Apps Trading Community Architecture

How is trading community architecture in Oracle Apps related to accounts recievables?

Asked by: pushpa_vijaya1

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What are the three golden rules of accounts


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nominal,personal,real

Asked by: sumedh

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What are derivatives ?

Asked by: aravindachandra

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What is reconciliation statement and investment banking ?

Asked by: raghu

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After Receiving Payment from Customer, What is next step till finalization?

Asked by: Shibingeorge

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Accounts Receivable goals

What are the goals of Accounts receivable?

Asked by: StephenRaj

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What is BRS ?


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What is the table that is used for aging bucket report,what is the main purposeof this report?

Asked by: pasupuleti

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What is factoring?


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You've been asked to prepare a bill for services. What information should beincluded in the bill?

You've been asked to prepare a bill for services. What information should be included in the bill?


Read answers (2)

Is there a report to search for invoices by Payment Term and Due Dates?

Is there a report to search for invoices by Payment Term and Due Dates?Any insights/alternative

resolutions would be helpful.Thanks,Vinit

Asked by: vinittopleView Question

How to define Intercompany Transaction in AR

Asked by: Ram

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Capital Amount Liabillities and Assets

Why is Capital amount put in Liabillities and not in Assets

Asked by: Vimala Sridhar

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What are examples of deferred revenue expenditure?

Asked by: swagatika mohanty

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When deferred Payments are usually accepted on partial orders that are?

Asked by: Chassie Langley

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Debtor collection effective procedureEffective debtors collection procedure

Asked by: smnaeem

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Trading Community Architectuere

How is Trading Community Architectuere (TCA) in Oracle Apps related to Accounts Recievables (AR)

Asked by:junaid26

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Accounts receivable importantance for Small Business

How important does Accounts receivable for small business and why?

Asked by: StephenRaj

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Explain about Accounts Receivables in Accounting

Asked by: Akshma

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Back end collections and front end collections

What is the difference between back end collections and front end collections?

Asked by: Sarah

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Accounts receivable department components

What are the components or materials used by Accounts receivable departments?

Asked by: norman

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Infrastructure Creation Company


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we are expecting one project of Infrastructure Creation Company. Their nature of business is to create

infrastructure. Presently they are constructing a road for 49 Kms. They construct and maintain the

Asked by: venkat

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Customer Master record

What is Customer Master record?

Asked by:janelyn

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Accounts receivable issues

What are the issues related with Accounts receivable?

Asked by: norman

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Debenture holders and Creditors

What is the difference between debenture holders and creditors?

Asked by: viswam

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Good Accounts receivable Softwares

What are the powerful softwares that could be used for doing efficient Accounts receivable?

Asked by: christia

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Accounts Receivable preparation strategies

What are the strategies to be followed for preparing Accounts receivable?

Asked by: christia

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How important is Accounts receivable to business?


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What is the Auto Invoice? What are the setup Steps for Auto Invoice?

Asked by:jootesh

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Closing AR Periods


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1. How we are going to close AR Periods?2. Where we are going to use Accounting Rules what are the

setups for that?3. Know we are having 100 Transactions in AR. Know we want to close 50 Transactions

How?

Asked by: SATEESH

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What is BMP in IMS

Asked by: ram

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What do you mean by vouching

Asked by: tajuddin

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What is the requirement of board meeting on the annual basis

Asked by: samrendra kumar

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What is the difference between Tangible Assets & Intangible Assets ?

Asked by: dingregurudatt

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Can we claim Depreciation on second hand purchased Asset? If yes, whether it isfixed or floating?

Asked by: naveenbharathraj

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When trial balance matches there could be a error, explain?

Asked by: biju69yh

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How goodwill is calculated?

Asked by: ksaranmba


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Which is the effective way of carrying out a stock check and usage at a lodge?

Asked by: Prear

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List out effective tools for Internal Audit in Manufacturing Company?

Asked by: Omkar C Kulkarni

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What is Internal Audit?

Asked by: scott

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What is CARO 2003? What do you mean by Management Audit?


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Asked by: arunrawat

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What are the reasons for getting audited?

Asked by:joel

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What is the difference between an internal audit and the annual external audit?


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Who Audit the Audit Firms?

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Explain different types of audit, its nature, advantages and disadvantage.

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What is meant by Single Audit process?

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Every firms has audit firms to audit their accounts but who will audit an auditingfirm?

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What are Audit Control Procedures

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How the efficiency of accounts personal can be assessed?

Asked by: sanjay misra

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What should the Internal Auditor do where his independence is being interferedwith?

Asked by:jusmwa

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Can we deduct tds on hire purchase?

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What is the purpose of audit committe inside a firm & its role withexternal auditors?

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Materiality and Audit Report

How can you link between materiality and audit report?

Asked by: dosha

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What are all the vital attributes present in an Audit Report?

Asked by: norman

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Where is Audit Data Stored?

Asked by: fred

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What is Minimum Alternative Tax (MAT)?

Asked by: rakesh18

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Sales Tax Question when company purchases two laptop computers

A company purchases two laptop computers for a total price of $4200. They charge a company credit

card and ship the laptops to the company without charging NC Sales and Use Tax of 6.75%. How would

you

Asked by: dalinemarie

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What do you mean tax audit?

Which component is important for make this VAT audit?

Asked by: SHITAL GODSE

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What is Web Audit?

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What the procedures or process involved in the preparation for the audit?

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Read answer (1)

What is Pool rate

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What is Managerial Audit ?

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What are the different types of internal audit?

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Tell us about your experience in conducting audits.


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What is meant by computer auditing?

Asked by: timmy

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GL

What is the difference between ledger and general ledger

Asked by: ferozbm

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How to exceed the funding budget amount limit in the actual journal?

Asked by: sangeetha

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What is the difference between General Ledger and Final accounts?

(It was asked in an Interview)

Asked by: swetha sophia

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What are PTD, QTD and YTD? Explain

Asked by: K.Senthil Kumar

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Clarification of Entry.

We have purchsed 100 share by cheque and we have sold 200 share from our stock. Tell how can we

give entry to accounts ?

Asked by: deepakkumarcs

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What is the Difference between Single Entry system & Double entry system?

Asked by: chethana

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What is the meaning of Gl reconciliation?

Asked by: santhosh


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What are the factors to determine the net profit

Asked by: Karuppasamyvm

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If 2 companies are there, they have maintained separate chart of accounts, howcan you consolidate their

If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate

their activities?

Asked by: parasuram

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Explain about Capitalization of Internal, External Asset?

Asked by: yashoda.t84

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How would you account for the leasing of a vehicle

As a sole trader you require a vehicle to trade and decide to lease the vehicle rather than purchase it,

how would you account for it in the company accounts and what nominal would you use?


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Asked by: hooked cruiser

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Suspense Account

Hi Friends,I have a problem with suspense account. I been working for some organization and they have

been getting this suspense account error since 2003. But its a big organization and they didn't

Asked by: kv040

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Financial Statements Reconciliation

Why do we perform reconciliations? Are reconciliations part of financial statements?

Asked by: ravikesan

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P & L A/c and Balance Sheet using FSG

How to Create Profit and Loss Account andHow to Create Balance Sheet Using FSG.. Outline in simple

Steps.

Asked by:James123

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What are the importent tables in peoplesoft finance modules AP,AR,AM,GL andpo

Asked by: Sai

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Journal Entry

Every increase in expenditure & assets will be a debit, every decrease in expenditure & assets will be a

credit - Put a journal entry and show a puchase transaction.

Asked by: pramod.anavattiRead answers (3)

Sub Ledger

If your Accounts receivable balance in the general ledger has a debit balance of $110 and your subledger has a debit balance of $100 what do you have to do

Asked by: kapriceb

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SAP Special GL

What is special GL in SAP? If it is reconciliation a/c for customer then each customer has two GL A/Cs,

one normal & other special GL

Asked by: asg00324

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Salary Computation

Explain Salary Computation. How to file the salary returns?

Asked by: pramod9844

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What are the procedures of elimination during consolidation of financialstatements?

Asked by:jeffli975

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What is the difference between direct expenses and indirect expensesWhat is

the difference in directWhat is the difference between direct expenses and indirect expensesWhat is the difference in direct

income and indirect income. Explain with example.

Asked by: pankaj

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Journal & payment for entries service tax credit

If we availing service tax credit , what is the journal entry we have to pass when we receives the bill &

what is the payment entry we have to pass if we make a payment

Asked by: chandragenie


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Read answers (2)

What is the effect of not reconciling the expense accounts?If there is a creditadjustment in the expense

What is the effect of not reconciling the expense accounts?If there is a credit adjustment in the

expense account with no supporting documentations, what is the financial statement impact?

Asked by: Patrice

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Why depreciation is not charged on land?

Asked by: Sushil Kumar Jangir

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What's your expereiences with cash flow statement? How is a cash flowstatement generated?

Asked by:jeffli975

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Diff Between Profile Options and User Exits


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What is the Difference Between Profile Option and User Exits

Asked by: raman av

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What is an account assignment model & where is it used? What are thetransaction codes for Account Assignment

What is an account assignment model & where is it used? What are the transaction codes for Account

Assignment Model?

Asked by: Debojit Dey

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R12 release

HiI have created Legal Entity from Accounting Setup manager>>Accounting setups and linked with SLAs.

But i can not view the same LE from Inventory >setup>organizations>findwhy?Can any one help will be

Asked by: krselvaraj

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What is the procedure for creation of Retained earnings account in differentCOA?

Asked by: Madhavi

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What is consolidation

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What is fiscal year? Compare it with normal year.

Asked by: ausprem2000

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Which items belong in balancesheet statement and do not appear in incomestatement?

Asked by: Johnny

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How do you label a Reconcilitaion spreadsheet for a customer that is billedmonthly in advance?

Asked by: iRIS

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What experience do you have with general ledger?


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What is your Future Plans for the Company if Permanently Employed?Whatthree Specific Job Positions

What is your Future Plans for the Company if Permanently Employed?What three Specific Job Positions

do you target from the COMPANY?

Asked by: Joyce

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What is the diffrence between segment and context

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What is the difference between Letter of Credit and Letter of Guarantee?

Asked by: faruk


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What is the difference between nominal, real and personal accounts

Asked by: KH

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Should the Cash Discounts GL hit the Balance Sheet as per US accountingconcept? If yes, then why and

Should the Cash Discounts GL hit the Balance Sheet as per US accounting concept? If yes, then why and

if No, then why? Please explain the entry flow and also how you would clear the open item lying the

Cash discounts GL and what would be your analyses for the open line item?


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What is an accrual ?

A provision of costs.

Asked by: Jennifer

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What is the significance of responsibility in oracle applications?

Asked by: deepak kumar patro


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Read answers (2)

What is meant by group chart of accounts in sap fico

Asked by: shashikumar

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What is procedure for testing after implementasion as functional consultant

Asked by: bmahathma

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Explain in detail, how to define multi org with multiple SOB

Asked by: rajan

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How do you record retained earnings when you sold company (assets only), forclosing of books that sold?


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How do you record retained earnings when you sold company (assets only), for closing of books that

sold?

Asked by: tina sterling

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What is planning budget in general ledger

Asked by: dileep

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After completing Sob, how it is assigned to organisation , how legal entities arethen made and then

After completing Sob, how it is assigned to organisation , how legal entities are then made and then

how operating units are connected.

Asked by: aamirashfaq

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Which of the following is not included in the government accounting BalanceSheet: 1) Asset, 2) Cost,

Which of the following is not included in the government accounting Balance Sheet: 1) Asset, 2) Cost,

3) Liability, 4) Surplus.

Asked by: cc

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Could anyone explain me the flow in General ledger?

Asked by: Ani

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How the Sub Ledgers(AP,AR) integrate with GL


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Can you tell me the scenario of Multi-Org. setup?

Asked by:jootesh

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Why do companies need adjusting journal entries?



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Read answers (2)

What is gap analysis.What are the gaps in GL, AP

Asked by: Rebecca

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1)invoice approval work flow2)invoice validations3)invoice accounting4)autoinvoice in Accounts pay

1)invoice approval work flow2)invoice validations3)invoice accounting4)auto invoice in Accounts pay

ables5)Legacy P.O's conversions6)legacy Invoice's conversions7)Autoaccounting,autocash rule set8)HOw

many set of books attach to one legal entity9)many set of books attach to one operating

unit10)Expense invoice11)Recurring Invoice12)Budget's13)After permanently closed period. in the same

period how to pass transactions.14)we passed one invoice with 90 days payments term but we paid

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What is meant by buisness

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How can you create Budgets for daily pods?


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What is about Future Period and Adjustment Period?

Asked by:jootesh

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1. what you mean by Business unit, Legal entity, operating unit, BusinessGroup.2. Can u tell me the

1. what you mean by Business unit, Legal entity, operating unit, Business Group.2. Can u tell me theSetup's for Auto Invoice and Multi-org.3. what u mean by Parent and child relation ships and when we

are using the same?

Asked by:jootesh

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Tell me about adjustments for saving a/c of branches and Head Office ?

year closing of banking software which General ledger balance carried forward and which is closed. and

tell me adjustment about the saving a/c of branches and Head Office for year ending operation

Asked by: SNEHADEEP JAIN


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View Question

How to implement multi org and how to define additional buisness groups

Asked by: devidas_s

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How to use special and pair value sets?

Asked by: devidas_s

ASSETS MANAGEMENT

Which depreciation is superior WDV or SLM and Why?

Asked by: huzefabhori

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Asset life cycle

What is Asset life cycle?

Asked by: manu.chakri

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Expense as Asset

How to determine whether an expense is an asset or not? When you receive an invoice that shows that

the company has purchased a tool or something, what makes you think this thing is an asset or it's

Asked by: m_adel87

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Capitalisation of Fixed Assets

What is capitalisation of Fixewd Assets? explain with Example?


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Idle Assets

If an Asset is classed as IDLE and has not been used in years but continues to depreciate is the

accounting treatment to dispose of asset/write it down to a saleable value/stop depreciating it and

keep

Asked by: Shuggy4321

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Do we depreciate Paintings and Antiques?

If we do why it would not appreciate in value?



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View Question

How many types of fixed assets

Asked by: krishnareddy

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Loading Charges of Fixed Assets

Can Loading, Unloading and Installation Charges during the time of shifting of the company be

capitalised?

Asked by: pavan Bhat

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Depreciation Rate

What are the changes caused by changes made on depreciation rate on the opening balance of the

current financial transaction?

Asked by: kikky

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Why do we calculate loans & advance on the asset side of the balance sheet?

Asked by: mrforever


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Read answers (2)

Which depreciation is superior WDV or SLM and Why?

Asked by: huzefabhori

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Asset life cycleWhat is Asset life cycle?

Asked by: manu.chakri

Read answers (3)

Expense as Asset

How to determine whether an expense is an asset or not? When you receive an invoice that shows that

the company has purchased a tool or something, what makes you think this thing is an asset or it's

Asked by: m_adel87

Read answers (2)

Capitalisation of Fixed Assets

What is capitalisation of Fixewd Assets? explain with Example?



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Read answer (1)

Idle Assets

If an Asset is classed as IDLE and has not been used in years but continues to depreciate is the

accounting treatment to dispose of asset/write it down to a saleable value/stop depreciating it and

keep


View Question

Do we depreciate Paintings and Antiques?

If we do why it would not appreciate in value?


View Question

How many types of fixed assets

Asked by: krishnareddy

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Loading Charges of Fixed Assets

Can Loading, Unloading and Installation Charges during the time of shifting of the company be

capitalised?


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Asked by: pavan Bhat

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Depreciation Rate

What are the changes caused by changes made on depreciation rate on the opening balance of the

current financial transaction?

Asked by: kikky

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Why do we calculate loans & advance on the asset side of the balance sheet?

Asked by: mrforever

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What is the difference between the different depreciation methods

in straight line method the amount to be depreciated remains constant where as in written down

method the amount to be depreciated decreases by each passing year

Asked by:jayanayak

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What are the various means of calculating depreciation?


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Read answers (10)

What is ficticious assets

Asked by: ravindar goud

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What is assets management?

Asked by: Jayvant

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What is asset accounting in sap fico

Asked by: sridhar

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Explain about customization of Depreciation areas (Book Depreciation, TaxDepreciation)

Asked by: Rahul

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1) what is fectitious assets?2) what is ment by cash book and day book andgeneral leder?3)employee

1) what is fectitious assets?2) what is ment by cash book and day book and general leder?3)employee

salary deductions under section of the income tax act of india?

Asked by: CHANDRA SEKHAR

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After run depreciation i have forget calculate depreciation of one asset then howto calculate depreciation

After run depreciation i have forget calculate depreciation of one asset then how to calculate

depreciation of that asset

Asked by: bmahathma

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PAYROLL

Provident Fund Payment

What are the rates (Percentages) paid as Employer's Share of PF in A/C No.1, A/C No.10 & A/C NO.21

Asked by: rvengatesh


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Read answers (7)

How do you calculate Gratuity?

Asked by: Smita

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How to define payroll?

Asked by: Kapil

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What are the general deductions made while doing payroll for an employee in anorganization?

Asked by: norman

R

ead answers (6)

How payroll works?


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Verience Report in Payroll

What do you understand by Verience report in payroll?

Asked by: satish.singh

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Wage Revision

What is the minimum period to revise the Basic Salary of Employees?

Asked by: siva_rkr

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What report are provided to accounting dept. from payroll every month? Whatreports are generate at

What report are provided to accounting dept. from payroll every month? What reports are generate at

end month, qtr & year end in payroll dept?

Asked by: YeRead answers (6)


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Gratutity Calculation

If Gratuity Calculation :Gratuity=Last Basic Pay*15 Days* Number of Year ServiceA person works for 41

year & 6 months in a company.Calculate the Number of the service year

Asked by: vinod.sativada

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Who is contingent worker? can we run payroll for a contingent worker?

Asked by: bitla

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What is payroll card?


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What experience have you had in payroll?


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What is accrued-tax?


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Asked by: scott

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What are payroll taxes?

Asked by: norman

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Employee Salary Structure

Create a salary structure of an employee (i.e. sales executive, hr executive etc.)

Asked by: sudhirwagh

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What is salary tds?

Asked by:jagdambaprasad

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Read answers (3)

What are Payroll source documents?

Asked by: norman

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What is Payroll Journal?


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What is Payroll transaction?

Asked by: RajivPrasad

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What are the benefits achieved by computerized payroll system?

Asked by:joel

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What is pf and esi compliance work details in bpo

Asked by: chandra sekhar acharya

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Income Tax Liability

If the declarations provided during the financial year and employee not provding the proof during the

financial year ending- how should the tax liability be calculated. is it employer's duty to pay

Asked by: yesvijay2004

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What is Retropay?

Asked by: Jayaprakash.M

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What are payroll inputs? Does it changes from company to company?

Asked by: kumar


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Read answers (2)

What is Payroll Software?

Asked by:joel

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Pension and gross earning

Question # 1 ABC Company sponsors a contributory pension plan for which the company contributes 3%

of salaries for exempt employees, and the employees have contributed a total $245,000.00 . If hourly

employees

Asked by: wafaanasr

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What are the activities present in payroll task?

Asked by: Bessie

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What is the difference between paycheck and Payslip?

Asked by: Remasri


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Read answer (1)

What are the benefits achieved by Payroll Giving?

Asked by: scott

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What are the steps in Payroll Management?

Asked by: Bessie

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What is the software efficient for carrying out payroll tasks?

Asked by: Remasri

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How advantage is payroll for small business?


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Asked by: Remasri

View Question

What is the difference between Paper accounting and Computer accounting inpayroll?

Asked by: scott

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How Payroll Withholdings & Taxes takes importance in payroll?

Asked by:joel

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What is exemption limit of gratuity

Asked by: RAJA

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What is Workflow?

Is this just flow charting a process? or is it something particular?


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