Accounting General Interview Questions
Questions Answers Views Company eMail

LOSS IS AN ASSET OR LIABILITY ?

5 6156

Why is Interest A/c debited and Bank a/c credited when interest is charged by the bank?? Here I assume Its an expenses so interest is debited but I don't understand why bank is credited?? Bank is a personal account. Please explain this doubt?

2 3030

treatment of reserve fund in trail balance whether debit or credit.

2 11420

Rs.5000 paid school fees of Director's son. pass the journal entry

Duravit, Shriram,

9 43939

double entry system

Spedag Interfreight,

1 2825

rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.

1596

what do you understand by BRS? why is the reconciliation done?

3 5474

we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.

Milestone,

1561

i want to know that which head post the bill of energy audit payment in tally.

Milestone,

1 2751

Tell one entry that should be personal account,real account,nominal account..

Genpact,

5 15602

how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)

1431

examole of cash to cash contra entry

1801

non cash or bank income or expense

1298

TDS %AGE ON CALLIBRATION CHARGES BILL

Milestone,

1468

what is the maximum no. of persons/members in a private limited co.

2 4001


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Un-Answered Questions { Accounting General }

If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?

609


What are assets minus liabilities?

600


Which accounting applications are your familiar with?

578


What is the difference between perpetual & periodic inventory system?

542


what is the meaning of written-off as goodwill written-off

4201






Debit Card Come Under Which group in Tally 9?

1445


Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

1569


Capital secure should be shown in which side of the balance sheet?

1868


Tell me what is gaap?

589


Do you know retail banking?

710


Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss

1776


Company ABC split 1:3 on March 31, 2009 and split 3:1 on March 31, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 3000 $75.00 April 23, 2009 $72.00 2300 $72.00 March 31, 2009 $67.00 999 $ March 31, 2008 $275.00 300 $91.66 November 30, 2007 $233.00 6800 $77.66 October 6, 2006 $1,333.00 13000 $444.33

1531


What are source documents in accounting?

615


in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity

4936


What is the definition of offset accounting?

610