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INTERVIEW QUESTIONS FOR ACCOUNTANT

What is Budgeting?
How does it help to management in taking the decisions?
Asked by: krishnahr13

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How do you book a letter of credit in your books?


Asked by: babymel

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What are the various items fall in balance sheet


Asked by: akki.jagani

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How many methods are used to calculate depreciation


Asked by: nitinkvenu1

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What is difference between forecast and budget


Asked by: patil21sharad

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How to place journal entry for purchase order in books of account ?


Asked by: Bhavya G

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Explain Variance Analysis with Example?


Asked by: chitrakandasami

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Contingent Liability
Why are contingent liabilities ever recordedwhy not just wait until a lawsuit is settled? What accounting concepts apply to this situation?

Asked by: sweets4u

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How to prepare funds flow statement?


Asked by: pankaj.boricha

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What is the difference between cash basis and accrual basis Balance Sheet?
Asked by: karen_p_montilla

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What is Gross Profit Margin?


Asked by: Biju T P

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What is accounting report

Asked by: Asgar Khan

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What are the different kind of mis reports


Asked by: samini_v

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How will you account B company investment in C company in consolidated accounts?


A parent company, acquired 80% of B company, which in turn has already acquired 40% of C company. How will you account profit of C company in consolidated accounts? How will you account B company investment
Asked by: Risan Zarook

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What is committed cost?


Asked by: Nishi Kanti Dey

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Procedures of Elimination
If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate their activities? What are the procedures of elimination during consolidation of financial statements?
Asked by: juliabyers

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What is forecasting & Budget?


what is the difference between these two?
Asked by: chitrakandasami

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MIS reports
required MIS reports for business feasibility study - (format with total revenue and expense )
Asked by: ssk176

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What is meant by appropriation?


Asked by: ramahirrao

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FIRC Accounting
How FIRC accounting is done?What is the status of prepaid insurance accounting?
Asked by: pradeepkumarvashistha

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Compliance Procedures
What procedures are in place to ensure that a sponsored project is carried out in compliance with the terms, conditions and financial management and reporting requirements of both the municipality and
Asked by: bukelwa

PAYABLES
Departmental Accounting
Distinguish between allocation and Apportionments of Expenses
Asked by: Japhee Joseph

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What is a IFA?
Asked by: johnmathew986

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Golden rule of accounts


what is golden rule of accounts
Asked by: akki.jagani

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Coding License Agreements, service contacts and maintenance contracts to a GL? Which is the best way
Coding License Agreements, service contacts and maintenance contracts to a GL? Which is the best way to code these types of expenses?
Asked by: Jacquie

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What do you mean by DOA?


Asked by: johnmathew986

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How is a PO (Purchase order created)?


Asked by: johnmathew986

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How does the payment mechanism work?


Asked by: johnmathew986

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What do you mean by Mischarge Correction?


Asked by: johnmathew986

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What is the difference between EFT & Wire?


Asked by: johnmathew986

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What do you understand by Intercompany Settlement?


Asked by: johnmathew986

What is debit and credit from the banks point of view ?


Asked by: ferozbm

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What is debit and credit from the customer point of view ?


Asked by: arnab

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What is the payrollsytem


Asked by: k.srinivasu

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What is FBT(Fringe Benefit Tax)??


Asked by: venkata

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What is a NAFCO?
Asked by: johnmathew986

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What procedure for excess payment to supplier i would like know without adjusting invoice that means
What procedure for excess payment to supplier i would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps
Asked by: bmahathma

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What is the meaning of invoice?


Asked by: ajay

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What is meant by liabilities ?


Asked by: ferozbm

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What information do you need before approving an invoice?


Asked by: JulieB

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What is the meaning of TDS? How it is charged


Asked by: kanslm123

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What is interest on capital, how it calculated


Asked by: kanslm123

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Invoice discrepancy
How do you resolve a Invoice discrepancy that you discover
Asked by: candiehuston

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Invoice payment
What items of information do you need before you can approve an invoice for payment?
Asked by: candiehuston

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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
Asked by: cwamegha

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Three Way Matching Concept


What do you mean by THREE WAY MATCHING CONCEPT for the following aspectsVoucher & receiverPurchase order, Receiver & invoiceReceiver, Invoice & VoucherInvoice, Purchase order & Voucher
Asked by: vishakanu

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3 Way Matching
What is 3 Way Matching?

Asked by: shivashanker21

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AP Process
What is the most criticality part or process for AP?What is delegation of authority in term of AP process?
Asked by: rattan_76

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Account Payable Audit


What are the steps and the process from the start till the final report for an internal account payable audit program?
Asked by: Alsuwaidi

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What is a GAMI?
Asked by: johnmathew986

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What is WAC?
Asked by: SANKAR.P

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Is it possible to make a payment without invoice or due in SAP, If yes how it possible, If no how
Asked by: Srihari

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Invoice on hold
What do you mean by invoice on hold?
Asked by: nuruddins

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Credit and collection


Explain how the credit and collection process is handled in a BPO?
Asked by: shilpa428

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Pass a JV

How to pass a JV when we receive bill including service tax? How to close this a/c?
Asked by: sonichinu

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Billable Revenue and Collection


Explain billable revenue and collection. How to they differ from one another?
Asked by: gmoma

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Factored Invoice
What is a factored invoice?
Asked by: soubh2000

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TDS
If you have TDS exemption for Last Year and bill also for last year but booking happen in current year then what is the TDS Effect?
Asked by: krish197

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Accounts Payable Rules for Liquidation


How does one handle outstanding account payable when the business is closing and on an accural basis, but owner has no way to pay the debt, can these expenses be deducted on the final tax return?
Asked by: branefj

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Account Payable Rules


What is account payable rules for liquidation?
Asked by: promod4one

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Bank Reconciliation
What are the entries that get generated in Bank reconciliation both check and wire banks ?
Asked by: gauravcanada2003

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Faster and Cheaper Payment


Which mode of payment is faster and cheaper - ACH or Wire transfer?
Asked by: gauravcanada2003

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What is the Debit Balance recovery? How we can recover if we wont have any future transactions from
What is the Debit Balance recovery? How we can recover if we wont have any future transactions from supplier?
Asked by: Ragavan

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WIRE
What is the full form of the trem WIRE in wire payment ? Expalin the process for making and receiving the payment through WIRE?
Asked by: Sanju40148

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What is another name for a real account in accounting? is it a permanent account or a temporary account?
What is another name for a real account in accounting? is it a permanent account or a temporary account? Also, what is another name for a nominal account? is it a permanent account or a temporary account?
Asked by: Jennifer

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Verify Expense Report / Invoice Payment


What items would you verify when processing an expense report /invoice for payment?
Asked by: kthomas38

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SysAudit
What is the sysaudit?
Asked by: rajesh.t

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Process and Report


What is the differences between process and report?
Asked by: rajesh.t

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What are the steps to configure automatic clearing? suppose we have to pay a bunch of outstanding payments
What are the steps to configure automatic clearing? suppose we have to pay a bunch of outstanding payments what is the procedure?
Asked by: sudhakerkkk

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In implimenting a project, what are the records we have to upload from non SAP system to SAP system
In implimenting a project, what are the records we have to upload from non SAP system to SAP system particularly pertaining to accounts department

Asked by: sudhakerkkk

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End to End AP Process


Explain End to End AP Process?
Asked by: Devaraj_patil

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Vendor Account Reconciliation


What is Vendor Account Reconciliation?
Asked by: nuruddins

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How do you answer this question "what is company code". 2) Is it necessary to create Sundry
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?
Asked by: vikram

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Which area of accounting are you strongest? Which area of accounting would you like to improve?

Asked by: sera

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What is a Wire? What do you understand by a outside wire?


Asked by: johnmathew986

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Tolerance Limit
What is a tolerance limit with respect to invoice processing?
Asked by: nuruddins

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What is the difference between Consiner and Consinee?


Owner of the asset, Feacture Owner of the Particular Asset.
Asked by: A.S.CHOWDARY

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Difference between profit and loss account

Asked by: bluerite

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Purchase orders
What are some common question asked about purchase orders?
Asked by: lmceachin

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Accounts Payable Helpdesk


What are common issues addressed by AP helpdesk?
Asked by: nuruddins

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P-Card
What is a P-Card? What are its advantages?
Asked by: nuruddins

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Modes of Receiving Invoices


What are the different modes of receiving invoices?
Asked by: nuruddins

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Why does a company/business require an Accounts payables process?


Asked by: mahima

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Evaluated Receipt Settlement


Evaluated receipt settlement is used for __________ backed suppliesa. Paymentb. Purchase orderc. Advanced. All of these.
Asked by: vishakanu

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Net Working Capital


How do you calculate the Net Working Capital?
Asked by: nuruddins

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Correcting Duplicate Payments


Explain some of the ways in which duplicate payments made can be corrected?

Asked by: nuruddins

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Functions of Account Payable Department


What are the different functions of account payable department?
Asked by: nuruddins

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Matching Invoices
What are the different ways of matching invoices?
Asked by: nuruddins

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Non-PO Invoice
What is a Non-PO Invoice?
Asked by: nuruddins

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EFT

What is EFT? What are the 2 common categories of EFT?


Asked by: nuruddins

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Journal Entries-Accounts Payable Process


What are the journal entries that will be passing from the Goods received till the payment made to an supplier?
Asked by: Sathyaswarna.t

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MALA
What is MALA? How it is useful in accounts payable?
Asked by: tulasi reddy

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Approve Invoice for Payment


What items of information do you need before you can approve an invoice for payment?
Asked by: Hana mostafa

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Trial Balance
If Any amount showing negative figure on the credit side of the trial balance then what does it mean?

Asked by: Prashanthair

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Debtors Reconciliation
What are the tools used in Debtors Reconciliation?
Asked by: vishakanu

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What is the difference between Payments-Liquidation(Disbursements) & Dividend Warrants Liquidation?


What is the difference between Payments-Liquidation(Disbursements) & Dividend Warrants Liquidation? Both of these products comes under Cash Management services
Asked by: vinod

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What is meant by Pay Group?


Asked by: sharan

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Billable and Non-billable Expenses


What is the difference between billable and non-billable expenses?
Asked by: Hana mostafa

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Accounting Golden Rules


What are Golden Rules for Accounting?
Asked by: Prashanthair

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Reposting, Distribution and Assessment


What is Reposting, Distribution and Assessment in accounting?
Asked by: christlady

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Debit Recovery
How to recover an accounts payable with debit balance?
Asked by: quellie

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Accounts Payables Process


Why does a company/business require an Accounts payables process?

Asked by: Kartik_21011

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RTGS
What is meant by RTGS?
Asked by: gkrama

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Trail Balance
breif idea of trail balance ?
Asked by: akki.jagani

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Meaning of Per Diem


What is the meaning of Per Diem?
Asked by: kthomas38

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What is a Parked Report?

Asked by: johnmathew986

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Sub Ledger Posting


In accounts payable we use to pass sub ledger entries and what is it for?
Asked by: shanid

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Accruals Entries
If there is oustanding payments, we have to pass accural enteries. So what are the enteries for accurals?
Asked by: shanid

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Price Variation
What do you mean by price variation in Purchase Invoice?
Asked by: Pushpika

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Accrual Entry
What is an Accrual entry?
Asked by: manikanthan

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What is balance sheet


Asked by: sidheek

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Billable and non-billable expenses


What is the difference between billable and non-billable expenses?
Asked by: Alley

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What is Reconcillation Statement ?


Asked by: somnathsahay

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Delivery Note

What is the use of Delivery Note?


Asked by: tulasi reddy

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Quick Book
What is a Quick Book? What details does it contain?
Asked by: manurao.mba

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Which are the main MIS Reports of an accounts department & what the format of preparing the MIS ?
Asked by: Ms.Sheela R.Nair

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Expense / Invoice Verification


What items would you verify when processing an expense report / invoice for payment?
Asked by: sanowishes

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What happens if A/P on a cash basis shows a huge amount. Shouldn't be zero?
Asked by: Karen

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What is the meaning of TDS? How it is charged?


Asked by: emkishor

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What is interest on Capital?


Asked by: pps

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After raising GR then raise invoice for partial quantity. eg raised GR for 1000 quantity and raised
After raising GR then raise invoice for partial quantity. eg raised GR for 1000 quantity and raised invoiced for 500 quantity. Now if u want to reverse the GR, u have to reverse the Invoice also. If the payment done for the invoice, u cant reverse it. So how can we handle in this situation.
Asked by: Mallikarjun E.K.

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STPI
What is STPI ? why STPI knowledge required in Accounts Payable ?
Asked by: humtum

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Accounts Payable STPT


In accounts payable - What do you mean by STPT?
Asked by: saran_infomax

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Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy.
Asked by: Interview Candidate

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diff b/w current account and saving account?2. what is sub ledger?give me one ex?3. what is another
diff b/w current account and saving account?2. what is sub ledger?give me one ex?3. what is another name for a real account in accounting? is it a permanent account or a temporary account?...4. what is the payrollsystem5. what is consolidation6. 1) developed interface program for invoice upload from external system after validation and error handling...7. What is difference between automatic

Payments Batches and automatic payments8. After raising GR then raise invoice for partial quantity. eg raised
Asked by: rajesh

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Q-point
What is Q-point?
Asked by: r2k009

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Invoice discrepancy
Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy
Asked by: Alley

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Debenture
what is the difference between debenture and preference share
Asked by: knkishore404

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End to End process of AP


Please explain end to end process of accounts payable. I mean, Invoice processing to Payment.
Asked by: js_chacko

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How the General ledger accounts Relate to invoice?


Asked by: sireeshe

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Invoice for payment


What steps would you take before approving an invoice for payment?
Asked by: Alley

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What do you mean by Interest rate ratio


Asked by: Ganesh Pagade

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What items of information do you need before you can approve an invoice for payment

Asked by: digamber

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Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy
Asked by: digamber

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What do you mean my Aging dates and How do you calculate aging dates
Asked by: N.RAMESH

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What steps would you take before approving an invoice for payment?
Asked by: Interview Candidate

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What is difference between CTC and Salary?


Asked by: niharikachintu

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How to account freight cost, handling charges,purchase tax at the time of raising a Purchase Order?For
How to account freight cost, handling charges,purchase tax at the time of raising a Purchase Order?For example:Item to be procured= AQuantity to be procured= 10Unit Rate= 100Inward freight cost for 10 quantity (known at the time of raising PO )= Rs. 1000Handling Charges= Rs. 500Input Tax = @ 10% (on base price)
Asked by: venkat

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What is diffrence between automatic Payments Batches and automatic payments


Asked by: abdul

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What are the steps to define supplier?


Asked by: sureshgupta_k

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What steps would you take before making a payment?


Asked by: Cynthia

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what is sub ledger?give me one ex?


Asked by: blchowdary

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What is consolidation
Asked by: neelimakulkarni

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1) developed interface program for invoice upload from external system after validationand error handling
1) developed interface program for invoice upload from external system after validationand error handling by using staging tables for payables open interface import program
Asked by: md.faizuddin

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What is navigation
Asked by: madhu

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What do you understand by Open Item Managed Account?


Asked by: johnmathew986

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Wat is the difference between SAP MEMORY and ABAP MEMORY?


Asked by: jyothi

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What do you mean by WCC?

Asked by: johnmathew986

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What do you understand by an Independent Source from the context by AP?


Asked by: johnmathew986

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What is the difference between billable and non-billable expenses?


Asked by: Interview Candidate

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What is the basic datamodel of ar,ap,gl?Where should i get the information?can iget it in pdfs?What
What is the basic datamodel of ar,ap,gl?Where should i get the information?can iget it in pdfs?What is the use of databse diagrams in TRMS?What are the cycles of GL,Ap,AR?What are the setups of GL,AP,AR?
Asked by: radhika

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RECEIVABLES
How is a journal entry recorded?
Asked by: janelyn

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What is Accounts receivables?


Asked by: norman

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Credit Management
What do you mean by Credit Management under AR in Professional field?
Asked by: animeshhappy

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Cash Applications
What are the steps involved in Cash Application & When is Cash Application comes into picture?
Asked by: animeshhappy

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What is reconciliation?
Asked by: venkata r vanaparthi

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What is the advantage of maintaining Accounts receivable?


Asked by: janelyn

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When you are doing analysis of your accounts, what actually you should look for?
Asked by: daizy_biswas

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Dunning letter specific invoice in AR


When i was running 'Dunning letter print specific invoice' report it is giving empty output for specific invoice numbers..
Asked by: rajusrnk

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What information is needed in order to bill a customer for services ?


Asked by: candiehuston

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Explain importance of COGS (Cost of Goods Sold) account and accounting entries in Order Management?
Asked by: Mohammedbabar

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Delinquent A/R Account


How much time needs to pass for an A/R account to be considered delinquent?
Asked by: raider_redux

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Refund Deposit Amount


You raised a deposit type of transaction to a customer, and received a receipt fully also.Later you raised a standard type of invoice, and adjusted deposited partially towards this std. invoice by using
Asked by: sudhamba44

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Collections Experience
To what extent were you involved in collections?
Asked by: Interview Candidate

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How debtors play its role in Accounts receivable?


Asked by: christia

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What is Evaluated Receipt Settlement?


Asked by: promod4one

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Flow of Account Receivables


What is total flow of Account Receivables?

Asked by: kreddy.vonteddu

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Who is responsible for maintaining the Accounts receivable in an organization?


Asked by: nancyphilips

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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?
Asked by: rashid

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What is Reconciliation ?
Asked by: ahsan.nazia

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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?
Asked by: kumar

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Effective Collection
What is effective collection?
Asked by: ashok

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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
Asked by: vinittople

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Oracle Apps Trading Community Architecture


How is trading community architecture in Oracle Apps related to accounts recievables?
Asked by: pushpa_vijaya1

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What are the three golden rules of accounts

nominal,personal,real
Asked by: sumedh

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What are derivatives ?


Asked by: aravindachandra

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What is reconciliation statement and investment banking ?


Asked by: raghu

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After Receiving Payment from Customer, What is next step till finalization?
Asked by: Shibingeorge

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Accounts Receivable goals


What are the goals of Accounts receivable?
Asked by: StephenRaj

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What is BRS ?
Asked by: akki.jagani

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What is the table that is used for aging bucket report,what is the main purpose of this report?
Asked by: pasupuleti

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What is factoring?
Asked by: nancyphilips

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You've been asked to prepare a bill for services. What information should be included in the bill?
You've been asked to prepare a bill for services. What information should be included in the bill?
Asked by: Interview Candidate

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Is there a report to search for invoices by Payment Term and Due Dates?
Is there a report to search for invoices by Payment Term and Due Dates?Any insights/alternative resolutions would be helpful.Thanks,Vinit
Asked by: vinittople

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How to define Intercompany Transaction in AR


Asked by: Ram

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Capital Amount Liabillities and Assets


Why is Capital amount put in Liabillities and not in Assets
Asked by: Vimala Sridhar

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What are examples of deferred revenue expenditure?


Asked by: swagatika mohanty

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When deferred Payments are usually accepted on partial orders that are?
Asked by: Chassie Langley

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Debtor collection effective procedure


Effective debtors collection procedure
Asked by: smnaeem

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Trading Community Architectuere


How is Trading Community Architectuere (TCA) in Oracle Apps related to Accounts Recievables (AR)
Asked by: junaid26

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Accounts receivable importantance for Small Business


How important does Accounts receivable for small business and why?
Asked by: StephenRaj

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Explain about Accounts Receivables in Accounting


Asked by: Akshma

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Back end collections and front end collections


What is the difference between back end collections and front end collections?
Asked by: Sarah

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Accounts receivable department components


What are the components or materials used by Accounts receivable departments?
Asked by: norman

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Infrastructure Creation Company

we are expecting one project of Infrastructure Creation Company. Their nature of business is to create infrastructure. Presently they are constructing a road for 49 Kms. They construct and maintain the
Asked by: venkat

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Customer Master record


What is Customer Master record?
Asked by: janelyn

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Accounts receivable issues


What are the issues related with Accounts receivable?
Asked by: norman

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Debenture holders and Creditors


What is the difference between debenture holders and creditors?
Asked by: viswam

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Good Accounts receivable Softwares


What are the powerful softwares that could be used for doing efficient Accounts receivable?
Asked by: christia

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Accounts Receivable preparation strategies


What are the strategies to be followed for preparing Accounts receivable?
Asked by: christia

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How important is Accounts receivable to business?


Asked by: nancyphilips

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What is the Auto Invoice? What are the setup Steps for Auto Invoice?
Asked by: jootesh

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Closing AR Periods

1. How we are going to close AR Periods?2. Where we are going to use Accounting Rules what are the setups for that?3. Know we are having 100 Transactions in AR. Know we want to close 50 Transactions How?
Asked by: SATEESH

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What is BMP in IMS


Asked by: ram

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What do you mean by vouching


Asked by: tajuddin

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What is the requirement of board meeting on the annual basis


Asked by: samrendra kumar

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What is the difference between Tangible Assets & Intangible Assets ?


Asked by: dingregurudatt

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Can we claim Depreciation on second hand purchased Asset? If yes, whether it is fixed or floating?
Asked by: naveenbharathraj

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When trial balance matches there could be a error, explain?


Asked by: biju69yh

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How goodwill is calculated?


Asked by: ksaranmba

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Which is the effective way of carrying out a stock check and usage at a lodge?
Asked by: Prear

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List out effective tools for Internal Audit in Manufacturing Company?


Asked by: Omkar C Kulkarni

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What is Internal Audit?


Asked by: scott

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What is CARO 2003? What do you mean by Management Audit?

Asked by: arunrawat

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What are the reasons for getting audited?


Asked by: joel

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What is the difference between an internal audit and the annual external audit?
Asked by: nancyphilips

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Who Audit the Audit Firms?


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Explain different types of audit, its nature, advantages and disadvantage.


Asked by: blessingbelt

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What is meant by Single Audit process?


Asked by: RyanJames

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Every firms has audit firms to audit their accounts but who will audit an auditing firm?
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What are Audit Control Procedures


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How the efficiency of accounts personal can be assessed?


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What should the Internal Auditor do where his independence is being interfered with?
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Can we deduct tds on hire purchase?


Asked by: nvs_prasad

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What is the purpose of audit committe inside a firm & its role with external auditors?
Asked by: dosha

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Materiality and Audit Report


How can you link between materiality and audit report?
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What are all the vital attributes present in an Audit Report?


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Where is Audit Data Stored?


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What is Minimum Alternative Tax (MAT)?


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Sales Tax Question when company purchases two laptop computers


A company purchases two laptop computers for a total price of $4200. They charge a company credit card and ship the laptops to the company without charging NC Sales and Use Tax of 6.75%. How would you
Asked by: dalinemarie

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What do you mean tax audit?


Which component is important for make this VAT audit?
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What is Web Audit?


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What the procedures or process involved in the preparation for the audit?
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What is Pool rate


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What is Managerial Audit ?


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What are the different types of internal audit?


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Tell us about your experience in conducting audits.


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What is meant by computer auditing?


Asked by: timmy

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GL
What is the difference between ledger and general ledger
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How to exceed the funding budget amount limit in the actual journal?
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What is the difference between General Ledger and Final accounts?


(It was asked in an Interview)
Asked by: swetha sophia

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What are PTD, QTD and YTD? Explain


Asked by: K.Senthil Kumar

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Clarification of Entry.
We have purchsed 100 share by cheque and we have sold 200 share from our stock. Tell how can we give entry to accounts ?
Asked by: deepakkumarcs

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What is the Difference between Single Entry system & Double entry system?
Asked by: chethana

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What is the meaning of Gl reconciliation?


Asked by: santhosh

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What are the factors to determine the net profit


Asked by: Karuppasamyvm

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If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate their
If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate their activities?
Asked by: parasuram

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Explain about Capitalization of Internal, External Asset?


Asked by: yashoda.t84

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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?

Asked by: hooked cruiser

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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
Asked by: kv040

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Financial Statements Reconciliation


Why do we perform reconciliations? Are reconciliations part of financial statements?
Asked by: ravikesan

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P & L A/c and Balance Sheet using FSG


How to Create Profit and Loss Account andHow to Create Balance Sheet Using FSG.. Outline in simple Steps.
Asked by: James123

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What are the importent tables in peoplesoft finance modules AP,AR,AM,GL and po
Asked by: Sai

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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.
Asked by: pramod.anavatti

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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
Asked by: kapriceb

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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
Asked by: asg00324

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Salary Computation
Explain Salary Computation. How to file the salary returns?
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What are the procedures of elimination during consolidation of financial statements?


Asked by: jeffli975

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What is the difference between direct expenses and indirect expensesWhat is the difference in direct
What is the difference between direct expenses and indirect expensesWhat is the difference in direct income and indirect income. Explain with example.
Asked by: pankaj

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Journal & payment for entries service tax credit


If we availing service tax credit , what is the journal entry we have to pass when we receives the bill & what is the payment entry we have to pass if we make a payment
Asked by: chandragenie

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What is the effect of not reconciling the expense accounts?If there is a credit adjustment in the expense
What is the effect of not reconciling the expense accounts?If there is a credit adjustment in the expense account with no supporting documentations, what is the financial statement impact?
Asked by: Patrice

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Why depreciation is not charged on land?


Asked by: Sushil Kumar Jangir

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What's your expereiences with cash flow statement? How is a cash flow statement generated?
Asked by: jeffli975

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Diff Between Profile Options and User Exits

What is the Difference Between Profile Option and User Exits


Asked by: raman av

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What is an account assignment model & where is it used? What are the transaction codes for Account Assignment
What is an account assignment model & where is it used? What are the transaction codes for Account Assignment Model?
Asked by: Debojit Dey

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R12 release
HiI have created Legal Entity from Accounting Setup manager>>Accounting setups and linked with SLAs. But i can not view the same LE from Inventory >setup>organizations>findwhy?Can any one help will be
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What is the procedure for creation of Retained earnings account in different COA?
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What is consolidation
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What is fiscal year? Compare it with normal year.


Asked by: ausprem2000

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Which items belong in balancesheet statement and do not appear in income statement?
Asked by: Johnny

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How do you label a Reconcilitaion spreadsheet for a customer that is billed monthly in advance?
Asked by: iRIS

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What experience do you have with general ledger?


Asked by: Interview Candidate

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What is your Future Plans for the Company if Permanently Employed?What three Specific Job Positions
What is your Future Plans for the Company if Permanently Employed?What three Specific Job Positions do you target from the COMPANY?
Asked by: Joyce

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What is the diffrence between segment and context


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What is the difference between Letter of Credit and Letter of Guarantee?


Asked by: faruk

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What is the difference between nominal, real and personal accounts


Asked by: KH

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Should the Cash Discounts GL hit the Balance Sheet as per US accounting concept? If yes, then why and
Should the Cash Discounts GL hit the Balance Sheet as per US accounting concept? If yes, then why and if No, then why? Please explain the entry flow and also how you would clear the open item lying the Cash discounts GL and what would be your analyses for the open line item?
Asked by: johnmathew986

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What is an accrual ?
A provision of costs.
Asked by: Jennifer

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What is the significance of responsibility in oracle applications?


Asked by: deepak kumar patro

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What is meant by group chart of accounts in sap fico


Asked by: shashikumar

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What is procedure for testing after implementasion as functional consultant


Asked by: bmahathma

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Explain in detail, how to define multi org with multiple SOB


Asked by: rajan

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How do you record retained earnings when you sold company (assets only), for closing of books that sold?

How do you record retained earnings when you sold company (assets only), for closing of books that sold?
Asked by: tina sterling

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What is planning budget in general ledger


Asked by: dileep

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After completing Sob, how it is assigned to organisation , how legal entities are then made and then
After completing Sob, how it is assigned to organisation , how legal entities are then made and then how operating units are connected.
Asked by: aamirashfaq

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Which of the following is not included in the government accounting Balance Sheet: 1) Asset, 2) Cost,
Which of the following is not included in the government accounting Balance Sheet: 1) Asset, 2) Cost, 3) Liability, 4) Surplus.
Asked by: cc

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Could anyone explain me the flow in General ledger?


Asked by: Ani

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How the Sub Ledgers(AP,AR) integrate with GL


Asked by: sureshgupta_k

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Can you tell me the scenario of Multi-Org. setup?


Asked by: jootesh

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Why do companies need adjusting journal entries?


Asked by: johnmathew986

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What is gap analysis.What are the gaps in GL, AP


Asked by: Rebecca

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1)invoice approval work flow2)invoice validations3)invoice accounting4)auto invoice in Accounts pay


1)invoice approval work flow2)invoice validations3)invoice accounting4)auto invoice in Accounts pay ables5)Legacy P.O's conversions6)legacy Invoice's conversions7)Autoaccounting,autocash rule set8)HOw many set of books attach to one legal entity9)many set of books attach to one operating unit10)Expense invoice11)Recurring Invoice12)Budget's13)After permanently closed period. in the same period how to pass transactions.14)we passed one invoice with 90 days payments term but we paid
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What is meant by buisness


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How can you create Budgets for daily pods?


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What is about Future Period and Adjustment Period?


Asked by: jootesh

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1. what you mean by Business unit, Legal entity, operating unit, Business Group.2. Can u tell me the
1. what you mean by Business unit, Legal entity, operating unit, Business Group.2. Can u tell me the Setup's for Auto Invoice and Multi-org.3. what u mean by Parent and child relation ships and when we are using the same?
Asked by: jootesh

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Tell me about adjustments for saving a/c of branches and Head Office ?
year closing of banking software which General ledger balance carried forward and which is closed. and tell me adjustment about the saving a/c of branches and Head Office for year ending operation
Asked by: SNEHADEEP JAIN

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How to implement multi org and how to define additional buisness groups
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How to use special and pair value sets?


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ASSETS MANAGEMENT
Which depreciation is superior WDV or SLM and Why?
Asked by: huzefabhori

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Asset life cycle


What is Asset life cycle?
Asked by: manu.chakri

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Expense as Asset
How to determine whether an expense is an asset or not? When you receive an invoice that shows that the company has purchased a tool or something, what makes you think this thing is an asset or it's
Asked by: m_adel87

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Capitalisation of Fixed Assets


What is capitalisation of Fixewd Assets? explain with Example?
Asked by: chitrakandasami

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Idle Assets
If an Asset is classed as IDLE and has not been used in years but continues to depreciate is the accounting treatment to dispose of asset/write it down to a saleable value/stop depreciating it and keep
Asked by: Shuggy4321

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Do we depreciate Paintings and Antiques?


If we do why it would not appreciate in value?
Asked by: Shuggy4321

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How many types of fixed assets


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Loading Charges of Fixed Assets


Can Loading, Unloading and Installation Charges during the time of shifting of the company be capitalised?
Asked by: pavan Bhat

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Depreciation Rate
What are the changes caused by changes made on depreciation rate on the opening balance of the current financial transaction?
Asked by: kikky

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Why do we calculate loans & advance on the asset side of the balance sheet?
Asked by: mrforever

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Which depreciation is superior WDV or SLM and Why?


Asked by: huzefabhori

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Asset life cycle


What is Asset life cycle?
Asked by: manu.chakri

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Expense as Asset
How to determine whether an expense is an asset or not? When you receive an invoice that shows that the company has purchased a tool or something, what makes you think this thing is an asset or it's
Asked by: m_adel87

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Capitalisation of Fixed Assets


What is capitalisation of Fixewd Assets? explain with Example?
Asked by: chitrakandasami

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Idle Assets
If an Asset is classed as IDLE and has not been used in years but continues to depreciate is the accounting treatment to dispose of asset/write it down to a saleable value/stop depreciating it and keep
Asked by: Shuggy4321

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Do we depreciate Paintings and Antiques?


If we do why it would not appreciate in value?
Asked by: Shuggy4321

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How many types of fixed assets


Asked by: krishnareddy

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Loading Charges of Fixed Assets


Can Loading, Unloading and Installation Charges during the time of shifting of the company be capitalised?

Asked by: pavan Bhat

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Depreciation Rate
What are the changes caused by changes made on depreciation rate on the opening balance of the current financial transaction?
Asked by: kikky

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Why do we calculate loans & advance on the asset side of the balance sheet?
Asked by: mrforever

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What is the difference between the different depreciation methods


in straight line method the amount to be depreciated remains constant where as in written down method the amount to be depreciated decreases by each passing year
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What are the various means of calculating depreciation?

Asked by: Interview Candidate

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What is ficticious assets


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What is assets management?


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What is asset accounting in sap fico


Asked by: sridhar

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Explain about customization of Depreciation areas (Book Depreciation, Tax Depreciation)


Asked by: Rahul

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1) what is fectitious assets?2) what is ment by cash book and day book and general leder?3)employee
1) what is fectitious assets?2) what is ment by cash book and day book and general leder?3)employee salary deductions under section of the income tax act of india?
Asked by: CHANDRA SEKHAR

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After run depreciation i have forget calculate depreciation of one asset then how to calculate depreciation
After run depreciation i have forget calculate depreciation of one asset then how to calculate depreciation of that asset
Asked by: bmahathma

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PAYROLL
Provident Fund Payment
What are the rates (Percentages) paid as Employer's Share of PF in A/C No.1, A/C No.10 & A/C NO.21
Asked by: rvengatesh

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How do you calculate Gratuity?


Asked by: Smita

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How to define payroll?


Asked by: Kapil

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What are the general deductions made while doing payroll for an employee in an organization?
Asked by: norman

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How payroll works?

Asked by: nancyphilips

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Verience Report in Payroll


What do you understand by Verience report in payroll?
Asked by: satish.singh

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Wage Revision
What is the minimum period to revise the Basic Salary of Employees?
Asked by: siva_rkr

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What report are provided to accounting dept. from payroll every month? What reports are generate at
What report are provided to accounting dept. from payroll every month? What reports are generate at end month, qtr & year end in payroll dept?
Asked by: Ye

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Gratutity Calculation
If Gratuity Calculation :Gratuity=Last Basic Pay*15 Days* Number of Year ServiceA person works for 41 year & 6 months in a company.Calculate the Number of the service year
Asked by: vinod.sativada

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Who is contingent worker? can we run payroll for a contingent worker?


Asked by: bitla

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What is payroll card?


Asked by: nancyphilips

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What experience have you had in payroll?


Asked by: Interview Candidate

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What is accrued-tax?

Asked by: scott

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What are payroll taxes?


Asked by: norman

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Employee Salary Structure


Create a salary structure of an employee (i.e. sales executive, hr executive etc.)
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What is salary tds?


Asked by: jagdambaprasad

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What is Payroll Disbursements Journal?


Asked by: Bessie

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Based on Internal Revenue Service rules, what criteria distinguish a consultant from an employee?
Asked by: Interview Candidate

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What is the job description of a payroll officer?


Asked by: flood

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How higher management in an organization gets benefited by payroll reports?


Asked by: RajivPrasad

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What are Payroll source documents?


Asked by: norman

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What is Payroll Journal?


Asked by: nancyphilips

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What is Payroll transaction?


Asked by: RajivPrasad

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What are the benefits achieved by computerized payroll system?


Asked by: joel

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What is pf and esi compliance work details in bpo


Asked by: chandra sekhar acharya

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Income Tax Liability


If the declarations provided during the financial year and employee not provding the proof during the financial year ending- how should the tax liability be calculated. is it employer's duty to pay
Asked by: yesvijay2004

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What is Retropay?
Asked by: Jayaprakash.M

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What are payroll inputs? Does it changes from company to company?


Asked by: kumar

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What is Payroll Software?


Asked by: joel

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Pension and gross earning


Question # 1 ABC Company sponsors a contributory pension plan for which the company contributes 3% of salaries for exempt employees, and the employees have contributed a total $245,000.00 . If hourly employees
Asked by: wafaanasr

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What are the activities present in payroll task?


Asked by: Bessie

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What is the difference between paycheck and Payslip?


Asked by: Remasri

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What are the benefits achieved by Payroll Giving?


Asked by: scott

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What are the steps in Payroll Management?


Asked by: Bessie

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What is the software efficient for carrying out payroll tasks?


Asked by: Remasri

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How advantage is payroll for small business?

Asked by: Remasri

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What is the difference between Paper accounting and Computer accounting in payroll?
Asked by: scott

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How Payroll Withholdings & Taxes takes importance in payroll?


Asked by: joel

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What is exemption limit of gratuity


Asked by: RAJA

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What is Workflow?
Is this just flow charting a process? or is it something particular?