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Invoice discrepancy
Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy
gulred21
- Dec 24th, 2008
Invoice can be discrepant with Purchase order in the following ways. 1. Currency of Purchase order does not match with Invoice. 2.? Post dated Invoice 3. Invoice details does not match with the database maintained. 4. Quantity and Price Variance 5. Total Mismatch 6. Incorrect VAT calculation.
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Debenture
What is the difference between debenture and preference share
GnanPra
- Dec 19th, 2008
The difference between Debentures and Preferential Shares is as follows: 1) Person holding debentures has owed money to a company, while Preferential Shareholder could be considered as a partial ow...
Nishi Kanti Dey
- Nov 6th, 2008
When the capital of the company is not sufficient to carry on business the company raise loan by issuing what is known as debenture, debenture holder money treated as a loan whereas preference shareho...
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How the General ledger accounts Relate to invoice?
Karottsanthosh
- Jul 21st, 2008
General Ledger is prepared based on the sales and purchase which are done through the invoice.
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Invoice for payment
What steps would you take before approving an invoice for payment?
Devaraju.R
- Nov 17th, 2008
STEP 1 ; Verification of purchase order, qty, rate
STEP 2 : Verification of purchase invoice with purchase order
STEP 3 : Verification of goods received note
STEP 4 : Number of credit days
STEP 5 : Bank Name and CH favouring -
Accounts Payable Process
Why does a company/business require an Accounts payables process?
armando a. domingo
- Oct 21st, 2008
Accounts payable process is required in a company because this will help and guide the accountant to manage their payables with in the normal course of the business.This includes verifying and checkin...
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What is the MIS?
Explain the meaning of mis?
joy_debora
- Oct 20th, 2008
MIS (management information systems) is a general term for the computer systems in an enterprise that provide information about its business operations. Regards,Debora.
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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.
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Rectification
What do you mean by rectification
vasudeo007
- Aug 31st, 2008
There are three types of errors possible.Error of commissionError of omission andError of principleIn error of commission, the right amount is posted in wrong account.Say I buy something from you so i...
Sweete
- Jun 20th, 2008
If any errors are made in accounting like posting wrong amount, posting to wrong account, making partial entries or giving credit to the account instead of debit etc all these kind of errors are commi...
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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
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Form 1099
What is the for 1099 - Misc used for?
Gandhevi
- Aug 17th, 2008
1099 form is an Internal Revenue Service(IRS) tax document i.e., sent to businesses or individuals after calender year end. It is used by them for reporting taxable income to the IRS.It is not issued to Corporations & Non-Profit/Non Exempt organizations.Regards,Vinod.
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Cost Accounting and Management Accounting
What is the difference between Cost Accounting and Management Accounting
kokkikumar
- Aug 13th, 2008
Cost accounting is period of year the financial statementmangement accounting is like mangement manageble and reconslidation, and changethe cash flow the have wright
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Trial Balance
What type of account appear on a post closing trial balance?a) income statement accountsb) balance sheet accountsc) cash flow accountsd) temporary owner's equity accounts
bandari.r
- Jul 31st, 2008
Income/Expense statement sheet Net Profit as the balancing item and this will be taken as Net Profit in Balance Sheet
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Component Level Default Processing
What is Component Level Default Processing?
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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)
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Diff b/w current accout and saving account?
Nishchint_2006
- Jul 14th, 2008
one more difference is overdraft facility available on current account where as no such facility is available in saving bank a/c.The basic difference between saving and current account is that we get ...
SUMMIT NIGAM
- Oct 23rd, 2007
The basic difference between saving and current account is that we get interest on saving account. but we don't get interest on current account . even we have to pay for the transactions. there is lim...
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Basic accountancy
What is basic accountancy
harendra prasad
- Jun 30th, 2008
accounting is a mean of measuring to the reporting of result of economic activitis accounting work is summrising cllsification recording.
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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...
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Value of Tax Code in Invoice
In the invoice, the value of the tax code is not present but in the idoc the value of the tax code is present. How to populate it in the invoice using the IDOC.
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Notional Cost
What is Notional Cost?
Praveen2147
- Mar 12th, 2008
Hidden or oppurtunity cost incurred in using the already paid for assets, without taking into account the income these assets would earn if hired out to others. It is also known as Implied cost.
Accounts Payable Interview Questions
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