-
What do you mean by DOA?
Cody2727
- May 8th, 2011
DOA is the Department of Administration.? The main fiscal headquarters.? There are usually some bills paid by DOA, such as long distance and CPU within the organization.
satya
- Jun 15th, 2007
DOA means Deligation Of Authority.It is a document that shows responsibilities and powers attached at each position in hierarchy. e.g manager,GM,AVP , VP etc
-
What is debit and credit from the customer point of view ?
Cody2727
- May 8th, 2011
From the customer point of view, a debit is something he purchased or a service was rendered of which he owes money and a credit is something he received, such as a paycheck , credit, or a bonus,
kapil kabra
- Jul 1st, 2006
Here we can follow the basic rule of accounting Debit the receiver, Credit the Giver
-
What is Trial Balance?
koteswararao.sairam
- Jun 27th, 2008
The entire ledger balances are summarised in the form of a statement is called trail balance. it is a statement containing the various ledger balances on a particular date.this statement shows t...
StephenRaj
- May 5th, 2007
Trial balance underlie on the simple fact that for every credit entry there must be an equal debit entry in the accounting ledger. So in the process of trail balance all the debits are totaled and all...
-
2) Is it necessary to create Sundry creditors a/c while we use Vendor a/c in SAP?">
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?
nkamuni_mca
- Mar 3rd, 2010
A company code is the legal entity for which we can prepare profit and loss account?and Balance sheet...Sundry Creditors account is a reconciliation account and it is always adviced to maintain this ...
hrushikeshjoshi
- May 21st, 2008
A company code represent an independent balancing/ legal accounting entity. No, i think so no necessary to create sundry creditors.
-
-
What is Goodwill ?
Goodwill is an intangible assets. it is exist in business.
kmananda
- Oct 13th, 2008
Goodwill is a reputaion of the organisation and it will appearing?in assets side of the balance sheet. It can be value based on diff- type of method based on financial statement of the company.
Sweete
- Jun 20th, 2008
Goodwill is the extra amount paid at the time of acquiring the bussiness, it is got by reputation, brand name, fame of the company and loyalty of the company. It is an intangible asset which is shown in the balance sheet on the asset side.
-
1. If assume we paid 50/- as an advance for worth or 100/- goods, but our supplair sent only up to 25/- worth of goods. Know My question is that we want to close the transaction now. How it possible?2. what about VAT like Tax Setups in AP and AR?3. what about the SWEEP command in AP?
arshad
- Aug 15th, 2007
Rest if this amount ie 50/- paid -(25/- good received) should be kept as advance for next year
-
What are the steps to define supplier?
t_dheerajsingh
- Feb 16th, 2007
The following are the steps to define Supplier1. Suppliers ---> Entry2. General Tab Give Supplier Name, Alternate name3. Classification Tab Type --> Supplier4. Control Tab Give Invoice Match Options5....
ramamsrinivas
- Sep 19th, 2006
Enquire about the supplier's capability of supplying materialCheck has he send valid quotation for required material/serviceCheck the history of the supplierCheck wether supplier is existing with company or notCheck if there is any earlier commitments which are not fulfilled.
-
Which are the main MIS Reports of an accounts department & what the format of preparing the MIS ?
sharma.murlidhar
- Nov 28th, 2008
As I mean that the main reports of the MIS Reports of the Accounts should be Accounts Payable.
-
What is Service Tax in brief ?
Rate, Calculation, Date of monthly payment, Date of Return, Interest on late payment, Penalty on late return.
-
-
Difference between account payable and bills payable
Gandhevi
- Aug 17th, 2008
Accounts Payables & Bills Payable looks one and the same but the only difference here is Bill Payables talks about making payment to Vendors whereas Accounts payable deals with internal adjustment...
Nishchint_2006
- Jul 14th, 2008
Accounts payable consist of debtors & bills receivable,where as bills receivable is part of accounts receivable,if you have doubt plz check in Ratio analysis full fledged knowledge books
-
Purchase Entry Record
What entry is recorded when $75.00 worth of supplies are purchased on account?
tharik_409
- Jul 25th, 2008
Purchasing good two kinds of entry either Cash or Credit.If Cash Purchase A/c----Dr xx To Cash A/c (Being good purchase on cash)If Credit Purchase A/c----DrTo Supplier A/c (Being goods purchase on Credit)
shoukath
- Jul 22nd, 2008
Purchasing good two kinds of entry Either Cash or Credit If CashPurchase A/c------Dr xxTo Cash A/c(Being good purchase on cash)If Credit Purchase A/c----DrTo Supplier A/c(Being goods purchase on Credit)
-
WIRE
What is the full form of the trem WIRE in wire payment ? Expalin the process for making and receiving the payment through WIRE?
vijay.rathinavel
- Mar 13th, 2010
The WIRE payment there is no specific expansion.Incase WIRE payment means the payment will reach vendor within a days.Incase of EFT the payment will reached by the vendor it will take 3 days.(required SWIFT code, Account number, ABA number etc)
-
Accruals Entries
If there is oustanding payments, we have to pass accural enteries. So what are the enteries for accurals?
sundar
- Feb 23rd, 2013
3050000 account debit
To customer account creditchinnaguntupalli
- Sep 13th, 2009
It is an entry to create provision for unaccounted expenses in the current month for which services/goods already recieved.
-
Approve Invoice for Payment
What items of information do you need before you can approve an invoice for payment?
c7831887
- Nov 22nd, 2009
We have to check the following:-1. Whether the Purchase Oder quantity, rate and description matches with the Invoice sent by the seller.2. Is there any debit note available against the Inv...
chinnaguntupalli
- Nov 6th, 2009
Payment terms of the invoiceWhether posting in ERP is matching with Invoice copy or notWill approve only hold free Invoicesif it is a Non-PO based, will check whether approver has authority approve in...
-
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
-
Why would the balances of trail balances be equal
furqan shah
- Oct 10th, 2011
Because according to rule of accounting if u are debit some account than you have to credit same amount.
naveen_bansal205
- Sep 16th, 2011
As an accountant wants to be sure that the ledger accounts he/she has prepared are correct in respect of amount, side, balance, etc. To check the accuracy of posting in the ledger a statement is prepared. This statement is called Trial Balance.
-
Accounts Payable Entries
At which stage accounting entries gets generates in AP?
Also what is Credit balance?
How is your Team helps in generating revenue to the company?
-
Journal Entries for Invoice Posting & for Payments
What are the journal entries for invoice posting & for payments activities?
Accounts Payable Interview Questions
Ans