Tuesday, 10 October 2017

Accenture,Genpact & Cognizant - Best 'General Ledger Interview Questions & Answers'

Accenture,Genpact R2R, General Accounting Interview Questions.

Hi friends today I would like to share about General ledger accountant interview questions,Accenture,Genpact andCognizant,Latest, Top, Free, Best General Ledger Interview Questions  R2R, General Accounting Interview Questions

Accenture-Genpact-&-Cognizant-Best-General-Ledger-Interview-Questions-&-Answers
Best-General-Ledger-Interview-Questions-&-Answers


1. Explain What is accrual accounting?

The basis of "accrual accounting means" that event costs or revenues are recognized in the period in which they occur, although cash flows may take place in another accounting period.

As for a period from 05 July to 05 October, if the organization was to receive 1000K of an individual X but has not yet received for some reason, it will receive in November 05. It will still be counted in the period of 05 July - October 5th and not the period starting November 5th.

2. What experience do you have with the General Ledger?

Experience in making all cash and non-cash transactions, cash and credit purchase and sale.

3.What is the difference between the general ledger and the general ledger?


The general ledger means that these general books generally use all types of professional organizations. For example: purchases, sales, printing and stationary, etc. ... Ledger means that what book is created for the requirement of commercial organization.

4.What is General Ledger ?

A general ledger is a comprehensive record of financial transactions over the life of a business. The general ledger holds account information for the preparation of the financial statements and includes the accounts of assets, liabilities, equity, income and expenses

5. Do you know what a general account is?

A general account account is an account or record used to sort and store transactions on the balance sheet and income statement.
Examples of general ledger accounts include:
Asset accounts such as cash, accounts receivable, inventory, investments, land and equipment.


6. What steps would you take before approving a payment bill as a ledger?


This question measures your understanding of the process of verifying the bills, so be sure to have it checked before going to the interview. Such a typical process should involve checking whether the products received are satisfactory, recorded in the book. Another thing, it is also good to describe the importance of each step for interviewers.

7. Why do you want to work with us as a general ledger?

More likely than not, the interviewer wants to know how much you know the corporate culture and if you can identify yourself with the values and vision of the organization. Each organization has its strengths and these are the ones you should emphasize in your answer.

8.Tell me what are the goals of maintenance of control books?


The aims of the maintenance of control books are as follows:
☛ Various accounts receivable
☛ Miscellaneous creditors
☛ Advances to staff


9.List a few steps to balance the ledger account?

This involves the following steps:
☛ The first total of both sides is taken.
☛ The second difference between the totals on both sides is calculated.
☛ If the debtor's side exceeds the credit side, place the difference on the credit side by writing Balance c / fd.
☛ If the total on the credit side exceeds the debit side, set the difference on the debtor side by writing to Balance c / fd.
☛ After setting the difference on the appropriate side, make sure that the totals on both sides are equal.


10. List a few steps in the general ledger approach?

The general ledger conciliation concept may also refer to the review of the general ledger as a whole to ensure that all accounts are aggregated into the financial statements. This reconciliation process involves the following steps:
☛ Summarize the ending balances in all income accounts and verify that the total amount corresponds to the total income in the income statement.
☛ Summarize the ending balances in all expense accounts and verify that the total amount corresponds to the total expenditure in the income statement. This can be done at the line item level of individual expenses in the income statement.
☛ Summarize all assets, liabilities and equity accounts and verify that the aggregate amounts correspond to the respective line items in the balance sheet.

11.  How to reconcile a general ledger?

The General Ledger is the primary set of accounts that groups all transactions registered for a business. When a person reconciles the general ledger, it usually means that the individual accounts of the general ledger are being reviewed to ensure that the source documents match the balances shown in each account. The reconciliation process is a common activity just prior to the arrival of the auditors for the annual audit to ensure that the statements are in a state of conservation.

12. List a few steps for the reconciliation process at the account level?

The reconciliation process at the account level generally includes the following steps:
☛Introduction of the initial balance sheet. Match the initial balance to the final reconciliation account of the previous period. If the amounts do not match, investigate the reason for the variance in the previous period. If the account has not been reconciled for a certain period of time, the error may occur several times in the past.
☛ Short-term information. Match the transactions reported in the account during the period to the underlying transactions and adjust if necessary.
☛Reviews of additions. Examine all the adjustment log entries stored in the account in the period for relevance, and adjust if necessary.
☛Revised results. Make sure that all journal entries that should have been reversed during the period have been reversed.
☛Ending balance review. Verify that the account end detail is the final account balance.

13. What does Ledger posting mean?

All commercial transactions are recorded for the first time in newspapers or subsidiary journals in chronological order when they actually occur, and from there, transactions of a similar nature are transferred to Ledger and this transfer process is called Ledger posting

14. What qualities do you have that can make you a good accountant in the general ledger?

Aside from obvious aspects such as numeracy and interpersonal skills, key skills will include determination and self-discipline (to get through tough job exams) and an interest in the business world in general. An ability to work (and ultimately lead) teams, strong analytical skills, good verbal and written communication skills and curiosity (especially on the verification side) are just a few of the others you might mention, if you are not strong in some of these areas then you might have problems making yourself a convincing deal.

15. Do you explain what the Future Period and the Adjustment Period are?

Future period means that in oracle not yet open, you can not publish entry in this period, U may have two future periods or one displayed in the calendar options, adjustment period means, normally the company may have 12 month, or 13 months depending on the age. If you have 13 months, from January to December, it is 12 months, an additional month, that is to say one death, for example, from 25 to 31 December. So we have 13 months, 5 additional days called adjustment period, which is used to enter additional entries. Verification Time, if your decrement period is closed, you may still have a 5-day period for the input adjustment entries provided by the auditors.
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Wednesday, 20 September 2017

List of shortcut keys in tally erp 9,Tally ERP 9 Shortcut Keys - Important Tally Features

Hello guys..
Here you can share about Short-cut keys or keyboard shortcuts available in Tally ERP9 Important Shortcut Keys of Tally Tally ERP 9 Shortcut Keys - Important Tally Features Short Cut Keys @ Tally.ERP 9 Tally ERP 9 All Shortcut Keys Short-Cut-Key in Tally9 Accounting Software 

Short-cut keys or keyboard shortcuts available in Tally ERP9

Dear friends, you know very well that Tally is an accounting accounting software that provides different accounts, inventory features that are part of the different tax. You can also prepare pay slips, attendance slips and much more in the payroll report. Today we are talking about some key special and important shortcuts from Tally.
List-of-shortcut-keys-in-tally-erp-9-Tally-ERP-9-Shortcut-Keys-IImportant-Tally-Features
List-of-shortcut-keys-in-tally-erp-9


Important Tally Shortcuts

Tally is widely used in different countries because of its user-friendly features and its shortcut keys of Tally, it facilitates the work quickly. These Tally shortcut keys are used in all versions of Tally.

Tally.erp9 Shortcuts Function Key Combination

Function Key Combination

F1 To select a company / At all masters menu screen
F1 To select the Accounts Button
F1 (ALT+F1): To select the Inventory Button
F1 (CTRL + F1): To select Payroll Vouchers to alter
F2 To change the current date / To select company inventory features At the F11(Features Screen)
F3: To select the company / To select Company Statutory & Taxation features
F4: To select the Contra voucher
F5: To select the Payment voucher
F6: To select the Receipt voucher / At Accounting / Inventory Voucher creation and alteration screen

F7: To select the Journal voucher / At Accounting / Inventory Voucher creation and alteration screen
F8: To select the Sales voucher / At Accounting / Inventory Voucher creation and alteration screen
F8 (CTRL+F8): To select the Credit Note voucher /
F9: To select the Purchase voucher
F9 (CTRL+F9): To select the Debit Note voucher
F10: To select the Reversing Journal voucher
F10 (Ctrl + F10): To select the Memorandum voucher
F11: To select the Functions and Features screen
F12: To select the Configure screen

Special Key Combination

ALT + 2: To Duplicate a voucher
ALT + A: To Add a voucher / To Alter the column in columnar report
ALT + C: To create a master at a voucher screen / To start Auto Value Calculator in the amount field during
Voucher Entry Shortcut Keys of Tally

ALT + D: To delete a voucher / To delete a master / To delete a column in any columnar report
ALT + E: To export the report in ASCII, HTML OR XML format
ALT + I: To insert a voucher (To toggle between Item and Accounting invoice)
ALT + L: To select the Language Configuration
ALT + K: To select the Keyboard Configuration
ALT + O: To upload the report at your website
ALT + L: To select language for Tally Interface
ALT + M: To Email the report
ALT + N: To view the report in automatic columns
ALT + P: To print the report
ALT + R: To remove a line in a report
ALT + S: To bring back a line you removed using ALT + R
ALT + U: To retrieve the last line which is deleted using Alt + R
ALT+ V: From Invoice screen to bring Stock Journal screen
ALT + W: To view the Tally Web browser.
ALT + X: To cancel a voucher in Day Book/List of Vouchers
ALT + R: To Register Tally
CTRL + A: To accept a form
CTRL + B: To select the Budget
CTRL + ALT + B: To check the Company Statutory details
CTRL + C: To select the Cost Centre / To select the Cost Category
CTRL+ E: To select the Currencies
CTRL + G: To select the Group
CTRL + I: To select the Stock Items
Ctrl + Alt + I: To import statutory masters
CTRL + L: To select the Ledger / To mark a Voucher as Optional
CTRL + O: To select the Godowns
CTRL + Q: To abandon a form
CTRL + R: To repeat narration in the same voucher type
CTRL + Alt + R: Rewrite data for a Company
Gateway of Tally Shortcut Keys of Tally

CTRL + S: Allows you to alter Stock Item master
CTRL + U: To select the Units
CTRL + V: To select the Voucher Types (To toggle between Invoice and Voucher)

ALT + F4: To select the Purchase Order Voucher Type
ALT + F5: To select the Sales Order Voucher Type / To view monthly and quarterly report
ALT + F6: To select the Rejection Out Voucher Type / To change the Sales Order Voucher Type
ALT + F7: To select the Stock Journal Voucher Type / To accept all the Audit lists
ALT + F8: To select the Delivery Note Voucher Type / To view the Columnar report
Special Function Key Combination

ALT + F1: To close a company/ To view detailed report/ To explode a line into its details/
To select Inventory vouchers to alter

ALT + F2: To change the period

ALT + F3: To select the company info menu / To create/alter/shut a Company

Ledger Voucher Shortcut Keys of Tally

ALT + F9: To select the Receipt Note Voucher Type
ALT + F10: To select the Physical Stock Voucher Type
ALT + F12: To filter the information based on monetary value
Ctrl + F1: To select payroll vouchers for alteration
CTRL + ALT + F12: Advanced Config.


Short-Cut-Key in Tally9 Accounting Software


Windows Functionality
ALT + 2 To Duplicate a voucher
ALT + A To Add a voucher
To Alter the column in columnar report
ALT + C To create a master at a voucher screen (if it has not been already assigned a different function, as in reports like Balance Sheet, where it adds a new column to the report).
To access Auto Value Calculator in the amount field during voucher entry
ALT + D To delete a voucher
To delete a master
To delete a column in any columnar report
(if it has not been already assigned a different function, as explained above)
ALT + E To export the report in ASCII, Excel, HTML OR XML format
ALT + I To insert a voucherTo toggle between Item and Accounting invoice
ALT + G To select the Language Configuration
ALT + K To select the Keyboard Configuration
ALT + O To upload the report at your website
ALT + G To select language for TALLY.ERP 9 Interface
ALT + M To Email the report
ALT + N To view the report in automatic columns
ALT + P To print the report
ALT + R To repeat the narration in different voucher type
ALT + S To bring back a line you removed using ALT + R
ALT + U To retrieve the last line which is deleted using Alt + R
ALT+ V From Invoice screen to bring Stock Journal screen
ALT + X To cancel a voucher in Day Book/List of Vouchers
ALT + R To repeat the narration in different voucher type
CTRL + A To accept a form – wherever you use this key combination, that screen or report gets accepted as it is
CTRL + B To select the Budget
CTRL + ALT + B To check the Company Statutory details
CTRL + C To select the Cost Centre. To select the Cost Category
CTRL+ E To select the Currencies
CTRL + G To select the Group
CTRL + H To view the Support Centre
CTRL + I To select the Stock Items
Ctrl + Alt + I To import statutory masters
CTRL + K To Login as Remote Tally.NET User
CTRL + L To select the Ledger. To mark a Voucher as Optional
CTRL + O To select the Godown
CTRL + Q To abandon a form – wherever you use this key combination, it quits that screen without making any changes to it.
CTRL + R To repeat narration in the same voucher type
CTRL + Alt + R Rewrite data for a Company
CTRL + S Allows you to alter Stock Item master
CTRL + U To select the Units
CTRL + V To select the Voucher Types. To toggle between Invoice and Voucher
CTRL + K To login to Control Centre
CTRL + H To access Support Centre. Wherein you can directly post your queries on the functional and technical aspects of Tally.ERP9, Shoper and Tally.Developer.
Alt + Enter To view the Voucher display
Alt + S To view Stock Query report
Alt + Z To zoom in to the print preview to 100% screen
+ To zoom in to the print preview
To zoom out of the print preview
CTRL + Scroll wheel (Mouse Wheel) To zoom in to the print preview
SHIFT + Scroll wheel (Mouse Wheel) / SHIFT + Right or Left arrow To scroll horizontally – left to right or right to left
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