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INTERVIEW QUESTIONS
ACCOUNTING PROCESS
JOURNAL ENTRIES
DETAILS
Question: When we install SAP R/3 enterprise 4.7, there are
several error messages in the SAPVIEW.log. What does
this mean?
Answer: (d) Drawings Account Description: Drawings may be defined as the amount or goods withdrawn by the proprietor for personal use. Since, drawings are a deduction from capital they have a debit balance. Therefore, Rs. 1,500 withdrawn for personal use should be debited to Drawings Account.
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Journal Entries Interview Questions & Answers -
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Question:
When we install SAP R/3 enterprise 4.7, there are
several error messages in the SAPVIEW.log. What does
this mean?
Answer:
(d) Drawings Account Description: Drawings may be defined as the amount or goods withdrawn by the proprietor for personal use. Since, drawings are a deduction from capital they have a debit balance. Therefore, Rs. 1,500 withdrawn for personal use should be debited to Drawings Account. Source: CoolInterview.com
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Unexpired expense is _________ account.
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