How to answer accounting interview questions on basic Debit and Credit?

Why on the earth I'm writing on debit and credit?

 

There were couple of requests from my friends to write a summarized  article on this topic. Most of the accounting job interviews contains at least few questions on debit and credit.

There are thousands of articles in internet on debit and credit. But I thought I should write a summary version customized to Sri Lankan interviews, so that it could be useful for someone who do not have much time to prepare for an interview.

(picture credit - http://jobsearchnow.net)

Since there are much detailed articles already in the net, I've taken most of the below examples directly from some sites and the relevant link is given under each quoted paragraphs. Please refer to those separate sites for explanations and more details. But if you already know your theory and just need a revision, this article is sufficient.

How a women can help another women? !

(picture credit - http://www.bbcamerica.com/)

Men on women !

Recently I happened to read some of the comments made by male readers regarding a lady in one of the gossip web sites . I was quite shocked to read those. For a moment I thought what sort of an animal society we are living in. Men in this country are sick.  But then again I remembered that, these are the people we try so hard to help. These are the men we try to develop and uplift. If the attitudes of the men in Sri Lanka changes, women in Sri Lanka will anyway reach the sky. So much of potential just go hidden in shades of pathetic men.

Women for other women

I feel that, before we change men, women should make an effort to respect each other first. Out of desperation, I thought I should have this in writing, even if its out of my scope for this site.

What to consider when giving funds to non governmental organizations (NGO's) - 1

What are the things donors should take in to account when giving funds to organizations in Sri Lanka?

 

A small scale foreign donor asked me the above question and I actually Googled to find a proper answer. But failing which, I realize I can answer this question to a reasonable extent. I have come across many NGOs in various stages in different contexts. This article contain some information I gathered during my involvement with NGOs as an employee, as a researcher and as an informed citizen :). I have audited many NGOs, but my professional ethics prevent me from disclosing any of those findings. But the things I experienced surely leads me to  this article :)

 

(picture credit - jdsrilanka.blogspot.com)

How to simply assess the suitability of an organization to receive funds and what to consider?

What not to tell your patients - Message to Sri Lankan doctors with love

(picture credit - http://media.rd.com)

I was tempted to write this after listening to this particular incident in couple of family get-togethers. This is about a very simple statement made by a doctor with a good heart, but resulted ruining a whole family. I thought I should write it down.  Because in case if there are any young doctors who are willing to search and find what not to tell your patients, this could be a great example.

How to change a career - A scientist turned in to an event planner

 I could not log in to my blog for nearly an year. But today I came across an amazing launching of a web site by an upcoming event planner in Sri Lanka. I just could not resist, but post this.

I have met many people who says "oh we choose to be a doctor / engineer / lawyer /banker/ accountant etc, no body told us life will be so complicated and unhappy with this job". But many do not even consider quitting and start a whole new path. I met this scientist who has a MSc Hon from university of Auckland, then turned in to an event planner.

Types and hierarchy of jobs in the computer industry in Sri Lanka

How to decide whether to do computer / IT studies in Sri Lanka -Part 3

As we promised in the previous articles, this is the third part of the series of articles on the IT / computer industry in Sri Lanka. What we expect is to give some idea for the students regarding the jobs, its responsibilities and benefits. Then they can learn with an aim. They can decide what they should study and what they should expertise. They can have some plan in life as to what sort of a job they will do and what their life is going to be. It's always good to have some idea than blindly going for some job and expecting to use what you learn.

Structure of IT / Computer jobs in Sri Lanka

Most of the IT graduates in Sri Lanka join the companies as trainee software engineers, QA engineers or as Business analysts. Of course there are other jobs such as Data Base/systems/network Administration, Web / Graphic designing and Hardware / IT Support.

What to do next in Sri Lanka if failed A/Ls.........?

This is for..................?

This article is not targetted at those who were lucky enough to get through the GCE A/L examination. This is targeted at the closer to 80% student population who do not have the bliss of obtaining basic qualifications to go to the next level.

Why this is .................?

This is mainly my reply to the young girl who sent me a letter in last month asking what to do when someone failed advanced level  examination. Since my reply to her can be useful to many other people, I'm publishing it here.

As I first read her mail, what came to my mind was the below dialog from the "Adventures of Alice in Wonderland".

'Would you tell me, please, which way I ought to go from here?'

'That depends a good deal on where you want to get to,' said the Cat.

'I don't much care where --' said Alice.

'Then it doesn't matter which way you go,' said the Cat.

'--so long as I get somewhere,' Alice added as an explanation.

This has all I want to say. You asked me to show the direction. But it all depends on where you want to go.

But since you trust on me, may be I can help you with some tips.