Cashier Interview Preparation Guide

The nature of some expenses is such that though they do not create an asset
but their benefit is spread over more than one accounting period.

These are mostly non-recurring and large in amount.

In such circumstances instead of debiting the entire amount of these expenses
to Profit and Loss of the year, it may be spread over a number of years with a
proportionate amount being charged each year to P&L Account.

The portion that is still not charged to Profit and Loss is shown in the
balance sheet on the asset side after Capital Work in Progress and is called
Deferred Expenditure.

Examples are Expenses incurred to start a business, Initial marketing cost to
launch a product etc.

In CURRENT ACCOUNT bank doesn't give any interest, but there are few banks where you can have interest checking account

Recording of all cash transactions in a Book by Casher is called "Cash Book" and coming to Pass Book, Recording of all bank transactions by a banker in a book, which is given by banker is called "Pass Book".

VAT (Value Added Tax): It is value added Tax. means total value which is added in goods price as a profit , on that value, the tax is paid is called VAT.

we can see it with example:

goods Purchase= 20000
Input Tax @ 4 % = 20000*4%= 800

now we sold this goods

Sale = 35000
Out put tax @ 4 % = 35000*4% = 1400

When we purchased Goods the saler collect a tax value from us as a sales tax. then we sold goods. we charge a tax amount in invoice. finally wen we pay tax to govt.

then total value of tax payble will be : Out put tax - Input Tax= 1400-800 = 600.

So Nett Tax payable Amount Is Rs. 600. this amount is a part of total value added in sales price not that sales price.

we can see it : Total Value add: Sales - Purchase = 35000-20000= 15000.

and tax amount on value added:15000*4 % = 600.

it has been proved that VAt Is an value added Tax.

Accrued Income- Dr. Accrued Interest Receivable
Cr. Interest Income

at the time of Interest posting: Dr. Customers Account
Cr. Accrued Interest Receivable

Accrued Expenses- Dr. Interest Expenses
Cr. Accrued Interest Payable

at the time of Interest posting: Dr. Accrued Interest Payable
Cr. Customers Account

Retail Banking is banks dealing with the retial customers like Individuals, HUF's, Propprietoship concerns, Partnership concerns, Small Pvt. Ltd companies etc.

Where as core banking is all the branches of the banks are connected to each other and a customer of the bank can do transactions from any of the branches i.e the customer is not specific to a branch to will be the customer for the bank.

Bill of lading definition: a required document to move a freight shipment. The bill of lading (BOL) works as a receipt of freight services, a contract between a freight carrier and shipper and a document of title. The bill of lading is a legally binding document providing the driver and the carrier all the details needed to process the freight shipment and invoice it correctly.

When a customer books a shipment with Freightquote, the bill of lading is automatically generated based on the shipment details entered during the quoting and booking process. The bill of lading should be provided to the carrier on pick up and will be delivered to the consignee on delivery.

A bill of lading is a statement to a company of merchandise coming into the store or warehouse. It lists what items that the store or warehouse has ordered, how many palettes the items fit on, and the total weight of the shipment. A shipping bill is the document showing the company or individual the amount he/she owes for each item they have ordered.

A discount is a reduction in the price that you pay in the store. A rebate is when you pay the full price in the store, but then the manufacturer refunds some of the price to you afterwards.

MIS report is known as Management Information System... regarding the Manpower status of a particular month, place and overall..

It helps the Management in decision making.. like what are the reasons of resignation.. in which area attrition is high.. and so many things to help in decision making.. with the help of MIS you may prepare a lot of reports.. Like annual attrition.. region wise attrition.. region wise manpower.. graphical representation of regions manpower status.. and so on..

You may prepare the same at your end. As it will help you to prepare other such formats too.

I am describing you the contents with sheet wise..

First Sheet-
Details of employee
a. E. Code b. Name of employee
c. Date of birth d. Designation e. CTC
f. Address for communication
g. Permanent address h. Contact number
i. Blood group j. Maximum qualification
k. Extra qualification l. Total Experience

Second Sheet-
Salary structure
In this sheet write down the complete salary structure.. and make a column what is salary after any revision

Third Sheet -
New JoineeS
In this sheet write down the name of New joinees of that month with detail
like
CTC,
Designation,
DOB n etc.

Forth Sheet -
Resigned employees
In this sheet write the name of employees who resigned during
that particular month with details like name, designation, date of joining,
Date of resignation, last working day.

Fifth sheet -
Attrition rate

Based on this MIS report, you may find out the attrition report, Qualification analysis reports, team management reports and so on can prepare a number of reports..

The term Money Laundering has American origin as far as I know. Laundry is such a business which is entirely cash driven. There is no question of debots.

Few people used to open laundry without actually opening it. They used to show their black money as income from business. That was very convenient way of converting black money into white money.

The term money laundering means converting black money into white money. The ways of money laundering is to open Benami (fake) bank accounts and deposit cash there and then get it transferred in your legitimate bank account.

Or opening Benami demat account, purchasing shares and transferring them in your legitimate demat account etc.