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Bank Reconciliation
What are the entries that get generated in Bank reconciliation both check and wire banks ?
shabbu
- Jun 21st, 2013
Bank statement reconciliation means differentiate between the bank book to cash book .......... that means cash book amount bank book amount should verify
Basamaekul
- Jun 29th, 2010
There are two spearate entries that one must make to reconcille the bank statement to the company's books. The first is the increases to the cash account that the company has not recorded.&n...
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Accounts payable interview questions
1. Explain Accounts payable process and its impact to business.
2. What is PO invoice, Non-PO invoice, Intercompany invoice. Explain the difference & list some examples.
3. What is invoice processing ? What are the mandatory fields to be entered while processing invoices.
4. What is GSM and GPM ? Give its abbreviation and explain the concept ?
5. Which version you used... -
Reversal journal entry in oracle r12
What is exactly reversal journal entry, for what purpose we are using ?
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What is a exception invoice?
What does research and resolve exception invoices daily mean?
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If Auditor advise you to do pass wrong entry for showing revenue more what will you do
If Auditor advise you to do pass wrong entry for show revenue more what will you do ?? in the case of crisis in the company if we not show revenue more to investors company would be close so how you will take decision??
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End to End PTP activity
Need to know End to End PTP activity. Starting from PO request to payment to vendors.
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AP Process Journal entries
Can anyone state the Journal entries from the starting to the last i.e in the AP process?
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Tell us about an invoice dispute that you were involved in and what your role was in resolving the dispute.
Ajit
- Sep 10th, 2007
An example of invoice dispute was not finding the vendor bank account & contact number. Although many attempts were made for this payment but could not locate the 'one time vendor' (one time of purcha...
Mansukh Gambhava
- Mar 31st, 2007
Any dispute related invoice like quantity, Quality, Rate, taxes and other commercial and technical term, we have to strictly accept as per Purchase Order and solve the problem.
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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
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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
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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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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.
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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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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
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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.
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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.
Accounts Payable Interview Questions
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