Accounting AllOther Interview Questions
Questions Answers Views Company eMail

can a bank po work in any type of bank such as idbi bank,hdfc,hsbc please tell me

Idbi Bank,


what is GDP? how is it calculated

FactSet Systems,

6 7184

what is capex

FactSet Systems,

5 7558

What is difference between cash & intraday in stock market?


1 16187

defination of letter of credit


1 2454

definition of bank guarantee and use


2 5517

about bank reconciliation


6 3660

profarma of letter of credit


2 2573

what is the role of journal in accounts


4 4845

why may types of accounts


what is the finallizition account

1 1503

Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?


it is better to invest in which securities short term/long term or both? please reason4 the same


what is rate of Vat?


17 7048

What z d diff of accounting principle,accounting standard,accounting rules,accounting procedures,accounting concepts??????


Post New Accounting AllOther Questions

Un-Answered Questions { Accounting AllOther }

2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account.




can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id


how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%


Short Answer on _________________City Compensatory allowance


How shall I calculate the true profit of my business, as I am a layman for accounting.




let me know the meaning and Nature of cash


difference between contra entry and double entry?


Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it


In what cases can Convertible bonds be considerred as derivatives?


Whats the Balnace of Closing stock so if we issued the materil then the Closing stick will be dr and in case we pirchsed the materil the closing stock will be cr so tell me that i m correct or not


Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at


Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance


distinguish between Bill of Exchange and Promissory Note