Accounting Interview Questions
Questions Answers Views Company eMail

how to calculate operating and financial leverages

1 1381

what is accouunt.

354

What is the meaning of Contingent Liability? Where is it shown in the Balance Sheet?

Thomson,

5 7321

why was started accounting year as on April 1st

3 1988

When is a dedit note raised When is an expense booked

500

What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?

410

is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?

360

What are the types of the Balance sheets ?

Capital IQ,

14 8677

What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?

339

WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

Samsung,

856

How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?

Exedy,

355

What is outsider equity and time interest period ratio?

344

What is the service tax rate for individual contractors and firm contractors.

4 3695

why should we are preparing BRS

LG Soft,

420

what is the last date of return filling,payment of tds, professional tax,service tax, income tax, ESI,FBT for consultancy firm?

2 2878



Un-Answered Questions { Accounting }

EXPAND_________SCM

336


what are the type of cash flows?

1142


What is export under ribet notification number

682


describe how accuracy in trial balance is a prime objective for preparing the financial statements?

472


Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?

703


purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.

528


Short Answer on ______________House Rent allowance

304


WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.

466


why gross profit transfering to profit & loss account

1722


My company sent this party goods 62750 this goods is loss sundorbhan paribahan. how to create voucher

370


Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

495


what are the rules and regulations of junior accountant

657


what is capital account? how to manage it? what is the process?

500


i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

652


how to work on CMA form in manufacturing compay as well as how to analysis working capital ?

386