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Home Interview Accounting and Finance Comments

  • Question
  • What do you mean by Mischarge Correction?


  • Correct Answer
  • A mischarge correction is when the wrong account line was used or the wrong amount was entered The account that was wrongly charged needs to be credited and the correct account needs to be debited The information needs to be recorded and duly noted for your office and for the main office A journal voucher, showing the correction, should be completed as soon as possible The accountswill not balance at the end of the fiscal year if these corrections are not properly made 


  • Accounting and Finance problems


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    • 1. What is the meaning of Per Diem?
    • Discuss
    • 2. Explain What is the difference between debenture holders and creditors?
    • Discuss
    • 3. 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?
    • Discuss
    • 4. What is retropay?
    • Discuss
    • 5. How higher management in an organization gets benefited by payroll reports?
    • Discuss
    • 6. Internal controls are concerned with

    • Options
    • A. the extent of government regulations
    • B. preparing income tax returns
    • C. safeguarding assets
    • D. only manual systems of accounting
    • Discuss
    • 7. What is PO invoice ?
    • Discuss
    • 8. What is pro forma ?
    • Discuss
    • 9. What do you understand by Intercompany Settlement ?
    • Discuss
    • 10. Standard deviation measures which type of risk?

    • Options
    • A. Non diversifiable
    • B. Economic
    • C. Systematic
    • D. Total
    • Discuss


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