Accounting General Interview Questions
Questions Answers Views Company eMail

What is the diffrence between Suspense a/c and imprest a/c

2 8368

hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer

1543

why land is not depreciated.........?

HP,

9 12611

how we enter insurance claim entry in tally

Unibiz,

4 30637

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what is the entry in tally?

Genpact,

8 8184

u paid cash to supplier in advance for purchasing goods in future? so what will be the entry in tally?

5 6175

how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..

3721

Difference between outstanding income and accrued income?

8 29677

golden rules of accounting

2 4725

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?

1564

Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

IIRM,

5931

Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

2309

Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

3134

If we don't use Contra Book, instead which book is to be operated CASH BOOK or BANK BANK for: e.g.Cash withdrawl from Bank or Cash deposited in Bank

1 3061

net worth is: 1)total assets less outside liabilities 2)total liabilities plus owner equity 3) current assets less current liabilities 4) total accumulated profit less liabilities choose correct and with deatail.

3 29433


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Un-Answered Questions { Accounting General }

What is meant by calendar maintenance?

681


Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?

606


When a merchant sales of goods included/charged on packaging charges ,cartages and insurance;i.E :-Indirect income/revenue income and indirect expense/revenue expenditure. Plz suggeste me correct answer.Through messages,mail .

1155


How to post advance paid to a supplier in oracle jd edwards

1225


what is t code of journal voucher report with amount?

1757






Can you name any other accounting application?

716


Explain me do you think accounting standards are mandatory and why?

615


Tell me where do generally accruals appear on the balance sheet?

496


what is bank aceleted?

1648


all ques. related to accounts?

1669


What steps would you take before approving an invoice for payment?

615


What are the basic assumptions in accounting?

678


Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?

1458


sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .

1666


how to enter the tender refund amount in tally ?

3361