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Impact in books at the time of merger
Problem statement-
• There are 2 Regions in a country REGION X & REGION- Y
• REGION X is closed and GL Trial Balance (TB) is transferred to REGION Y books ( X-TB is uploaded in Y books like a journal we do normally)- No Sub Ledger (SL) level transfer was done
• There was 1 invoices lying AP SL in X books ( xx722002 )- for 1000 GBP
• When TB was uploaded in Y books xx722002... -
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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Financial Statements Reconciliation
Why do we perform reconciliations? Are reconciliations part of financial statements?
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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.
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Chart of account ?
what is the meaning of "the account of chart"?
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What is the difference between General Ledger and Final accounts?
(It was asked in an Interview)
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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 consider it as a problem so far..but now-a-days this suspense account is increasing rapidly and decreasing rapidly.. Could you pls tell me how to clear this suspense account. They are using Oracle Applications...
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Sub Ledger
If your Accounts receivable balance in the general ledger has a debit balance of $110 and your sub ledger has a debit balance of $100 what do you have to do
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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
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Salary Computation
Explain Salary Computation. How to file the salary returns?
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General Ledger Interview Questions
Ans