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Collections Experience
To what extent were you involved in collections?
nkamuni_mca
- Mar 10th, 2010
Collection involves calling the customers for past due and this kind of question has to logically answered
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How debtors play its role in Accounts receivable?
lumin.85
- Mar 2nd, 2010
Debtors are a major source for working capital requirements whereby the company treat the amount due from debtors as accounts receivable.
narayanank
- May 16th, 2008
Debtors are the main role of the business. he is the entire back bone of the business. The goodwill of the concern is in the hands of debtors because he is the person who takes our product or rawmater...
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What is Evaluated Receipt Settlement?
salvismita
- Jan 10th, 2010
ERS is a business process between trading partners that conduct commerce without invoices. In an ERS transaction, the supplier ships goods based upon an Advance Shipping Notice (ASN), and the purchase...
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Flow of Account Receivables
What is total flow of Account Receivables?
infantpragash
- Nov 4th, 2009
Receiving the order from the customer->Quoate Approval->Create the Sales Order->Delivering the goods as per the SO->Create the Invoices->Receive Payments from customer.
ANITA PUJARY
- Jun 12th, 2009
Flow of Accounts receivable should be in proportion to Accounts payable i.e. in terms of ration 2:1
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Who is responsible for maintaining the Accounts receivable in an organization?
nkamuni_mca
- Sep 21st, 2009
Accountants... in big organization there will be a department to maintain AR department.
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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?
anish11
- Sep 8th, 2009
Asstes are things which is provide service for long dueration it may 3 years 4 years or for long period of time.These items capitalise in our account books and charge depreciation in every year according to these rate it may 20%,?10%, 100%
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What is Reconciliation ?
sindhusegaran
- Jul 29th, 2009
Reconciliations compares two set of accounts. It is usually the balance in two accounts to make sure that they are in agreement.
angel987
- Jul 21st, 2008
Suppose you have 2?types of balances?A and B? reconcilaition is a process in which we compare if balances in A are equal to balances in B
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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?
sindhusegaran
- Jul 29th, 2009
Finance management or allocation of cash to varoius deparments.Accounts is the bookeeping record of each transation involved (they add value to each other).
y_chndr
- Aug 19th, 2008
Finance: it is an economic activity. it involes managing the funds, how to raise the funds & its allocation in diffrent departments like production, marketing, hr etcAccounting: it is an art?of keeping the records of all transactions took place in the business acivityBy: Y.P.chadra??
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Effective Collection
What is effective collection?
karthik555
- Jun 20th, 2009
Its depends on the credit period?of the company i.e. A company credit period 30 days,?85%?of the debtors collection should be recovered with in credit period. we can say the Effective collection.?
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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 Dunning".What else needs to be done to be able to view the Dunning Letter?Thanks,Vinit
devender reddy
- Jun 1st, 2009
For every dunning letter there will be some time gap. for example we have 3 dunning letters dlettername days dun1 1 dun2 2 dun3 3 If we ran this request 3 times, fourth time if you run the rep...
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What are derivatives ?
anilasanthosh
- Apr 2nd, 2009
Derivative instrument is an asset which derives ie, takes its origin from another asset.The simplest form of derivative is a forward contract, "It is an agreement to buy or sell an asset at a&nbs...
gayathriyellai
- Dec 9th, 2008
Derivate is product whose valuse is derived from the value of one or more basic variables, called bases, in a contractual manner.
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What is reconciliation statement and investment banking ?
herebikash
- Feb 3rd, 2009
Reconciliation statement is formerly known as a tool which is used to reconsile the bank passbook and our passbook.Investment banking is a is a instruement which is used by the financial organisation to take a better investment decision like issueing IPO, stocks, bond etc.
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What is BRS ?
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Editorial / Best Answer
Sweete- Member Since Jun-2008 | Jun 20th, 2008
BRS - Bank Reconciliation Statement
A bank reconciliation statement is a statement prepared by organizations to reconcile the balance of cash at bank in a company's own records with the bank statement on a particular date.
The differences may arise because of the following reasons:
1. Cheques deposited into bank but not yet collected by bank
2. Cheques issued by the organization but not yet presented for payment
3. Cheques directly deposited by customers into the bank
4. Bank charges debited by bank
5. Interest credited or some receipts directly collected by bank based on org. request.
6. Some payments directly made by bank based on the organizations request.
So, the statement shows the reasons as what are the reasons for difference in balance.
Thanks,
Sweetejani basha
- Dec 3rd, 2008
Bank Reconsilation statement through which comparison of the pass book amounts with cash book amounts or equal the cash book amounts with pass book amount by some adjustments.That adjustments are some...
mmanivannanca
- Jun 20th, 2008
Bank reconciliation is the process of matching and comparing figures from accounting records against those presented on a bank statement. Less any items which have no relation to the bank statement, the balance of the accounting ledger should reconcile (match) to the balance of the bank statement
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What is factoring?
Praseedha.vs
- Nov 13th, 2008
Selling the rights to the amounts owing by debtors to a finance company for an agreed amount (which is less than the figure at which they are recorded in the accounting books because the finance company needs to be paid for providing the service).
ch.v.rama krishna rao, chirala
- Nov 8th, 2007
Factoring is a short term source of finance to the joint stock company SBI, SYNDICATE BANK are examples for factors.
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Audit rn
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- Tell us about your experience in conducting audits.
Cashier rn
- rn
- What experience have you had as a cashier?
Cost Accounting rn
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- Tell us about your experience in cost accounting. rn
- Describe some of the methods used to allocate support costs. rn
- What is chargeback? rn
- What is the purpose of chargeback? rn
- Have you implemented or administered a chargeback system? rn
- Name some components of an effective chargeback system. rn
- What are fixed costs? rn
- What are variable costs? rn
- What is marginal cost?
Fixed Assets rn
- rn
- What experience have you had in fixed assets accounting? rn
- What are the various means of calculating depreciation?
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">You've been asked to prepare a bill for services. What information should be included in the bill?
rsnmurty
- Sep 19th, 2008
Client name with address, client service tax no, bill no, bill date, bill description (for what charged, types of services, period of services), amount, service tax, total inclusive tax, signature, an...
BhageswariShanmugam
- Apr 27th, 2006
Service Provider's Details (i.e) Organations name and address.Service Receiver's Details (i.e) Organations name and address.Details of the service (i.e) for eg: Advertisement charges/Dying chargesTax ...
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How to define Intercompany Transaction in AR
manojbhawsinghka
- Jul 4th, 2008
Before answering the above question let us first understand the meaning of Intercompany transactions. Intercompany transactions are those transactions that takes place between two or more entities of ...
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Capital Amount Liabillities and Assets
Why is Capital amount put in Liabillities and not in Assets
carajes
- Jun 17th, 2008
The answer is very simple.One of the basic convention in accounting is separate legal entity.It means the business is different from those who manage it.When i contribute capital in to my business,it is liability to my business to repay it to me.
ravi.sankhyan
- Jun 3rd, 2008
Because there is concept in the business i. e. business entity concept. According to that concept business and its owner,(incase of joint ventures etc) and in case of company its share holers both are...
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Explain about Accounts Receivables in Accounting
ketavarapu
- Dec 17th, 2007
It is money receivable from sundry debtors for sales made or services rendered.
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Accounts receivable department components
What are the components or materials used by Accounts receivable departments?
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Customer Master record
What is Customer Master record?
keshav311
- Jul 5th, 2007
A customr master record consists of information of the customers like name,add,contact nos,of the customer and the terms of payment and is thid customer is a one time customer or a regular customer
bmb77
- Apr 18th, 2007
A Master Record is a permanent record that contains key information about a business partner or a material. This information must be entered into the system before any transactions can take place invo...
Accounts Receivables Interview Questions
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