I am 41 years old. I am a commerce graduate and I finished my MBA in 2012 and had never ever done any accounts in my life as I was in operations role all my life. But I could answer all these questions correctly. I don’t think they were so difficult.
"Truck sold at 80000 and book value 2 L " wala entry galat bola hai....bcs accumulated depreciation cost prize me lagta hai..book value means already deducted depreciation ..
it is correct answer but the way of explaination is so poor Cash/Bank ac dr 80000 Depreciation ac dr 100000 Loss on sale of truck dr 20000 To Truck ac cr 200000
Interest on loan account dr To outstanding interest on loan (Above entry in March month) Outstanding int account dr To bank account (Interest due on mar but pain in april)
I am 41 years old. I am a commerce graduate and I finished my MBA in 2012 and had never ever done any accounts in my life as I was in operations role all my life. But I could answer all these questions correctly. I don’t think they were so difficult.
It is helpful for my upcoming interview thanks
glad to know, check out my playlist section it will help you alot, all the best for your interview.
Its CPA questions. It should be written questions. The guy is genius answering
"Truck sold at 80000 and book value 2 L " wala entry galat bola hai....bcs accumulated depreciation cost prize me lagta hai..book value means already deducted depreciation ..
Very nice keep posting please
Thank you, I will
it is correct answer but the way of explaination is so poor
Cash/Bank ac dr 80000
Depreciation ac dr 100000
Loss on sale of truck dr 20000
To Truck ac cr 200000
Thanks for ur assistance ... Preparing for Accenture R2R interview
This is wrong answer bcoz book value means original cost less accumulated dep so loss on sale will be 120000
@@VinayYadav-gb4ss so what is the correct answer?
@@PanicShooter2hello
I think correct answer is
Cash/Bank A/C Dr 80000
Loss on sale of truck Dr 120000
To Truck A/C Cr 200000
Hello Ankit, can you give an example for a reserve journal entry
Did u take classes to learn R2R Or OTC process
I have 10 years of experience in F&A and learned these things over time
Sir this journal entry is for freshers or experienced?
Freshers
He is my friend Prateek in Genpact
Correct answer is
Dr Accumulated depreciation - 100000
Dr Cash/ Bank A/c - 80000
Dr Loss on truck sold- 20000
To Truck A/c- 200000
🙌
Hello sir, which company is better Exl or Genpact to start your career?
Both are good, join where you are getting better package
@@CorporateWala I'm joining EXL thank you ✨
@@monysain6762 hi can we tlk?
Exl
EXL
Audio not clear
Pls check other JE videos on my channel
Interest on loan account dr
To outstanding interest on loan
(Above entry in March month)
Outstanding int account dr
To bank account
(Interest due on mar but pain in april)