Journalize the following transactions

i. Sold Goods to Samir brothers on January 15, 2025 Rs 30,000

ii. Bought goods on account from Das & Co. on January 18, 2025 Rs 1, 00,000

iii. Purchased goods from Sahil brothers on January 21, 2025 Rs 20,000

iv. Paid salaries on June 3, 2025 Rs 30,000

v. Received interest on investments on June 5, 2025 Rs 2,500

Explain the various heads of liabilities and assets of Balance Sheet?

Why a cheque is dishonored? How do you record it in the Cash Book?

Explain the difference between Profit & loss Account & Balance Sheet?

What is Trial Balance? Why do we prepare a Trial Balance?

What are the types of Error in accounting books?

State the rules for recording Journal entries?

What are the different types of Adjustment Entries?

What is meant by Accounting Standards? Highlight its objectives?

Name the parties interested in Accounting Information?

Explain the significance of the Travel & Expense process for a business?

Describe at least 10-12 best practices used by P2P team to improve the processes.

Explain all the Risks associated with the P2P cycle? How are these risks mitigated?

Explain the Role and Responsibility of Quality Control Specialist.

What are the quality checks that are put in place while processing invoices?

Discuss the Controls in Vendor set up process

Differentiate between Critical vendors and Normal vendors

Describe the process of receiving the goods at the buyer's end?

What are the data that Purchase orders usually contain?

What is the purpose of efficiency tools?