Accounting General Interview Questions
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My firm got Rs.1,00,000/- as consultancy charge after deducting Rs.10,000/- as TDS. Now we have to pay Rs.15,000/- as Service Tax. Net effect we will receive only Rs.75,000/-. How can i account this.

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how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.

Student,

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What is Provision Entry

1152

What is Prepaid Entry

1251

At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount

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We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.

1004

capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?

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dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?

1000

How i should sellone the mobile phone when interviewer will ask sell this phone to me?

FirstSource,

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Rent outstanding:2500

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Pass the journal entry: rent outstanding

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purchase return liability or asset?should it be included in the balanced sheet?

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Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

WNS,

1026

we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

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can we change date in tally.erp s/w in educational mode ?

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Un-Answered Questions { Accounting General }

What is an Automatic Payment Program ?

1559


what are cost accounting and its applications?

623


Explain the Invoice verification process

2279


Explain what is the disadvantage of double entry system?

581


how to calculate basic to gross salary

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How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)

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I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.

1610


i want to wearies heads under direct expenses and indirect expenses

1494


Hi Everybody, Can anybody tell me how to create ledger in Peachtree Accounting software, means there are some Code, which Codes Comes under which ledger Account.your prompt Answer will be highly appreciated, Thanks & regards, Khan

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Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?

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Differentiate between consignor and consignee?

648


What is Statory Books ?

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WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?

1895


What is aggregate Liabilities ?

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Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000

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