0 - 5 years
3 - 8 Lacs
Posted:3 days ago|
Platform:
Work from Office
Full Time
• Why do we prepare a Trial balance when we have General ledgers
• What is preparation of FS and finalization of FS
• Journal entry for sales return or purchase return
• Journal entry for prepaid expenses such as prepaid rent
• Journal entry for accrued salary
• Journal entry for provision for bad debt and income tax
• Journal entry for dividend payable and where we show in our books of accounts
• Is there a difference between provision and accrual if yes the what?
• Where we record capital gain in cash flow statement and why? answer Investing activities
• Why depreciation is added back in cash flow statement?
• Current year we have recorded an entry for accounts receivable worth 50,000. What is the
reversal entry in next year. In case there is a bad debt of 5000 out of this 50,000 then what
combined entry we should record.
• What is deferred revenue and its treatment in books of accounts
Clarity Consulting
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