Accounting Interview Questions, Answers for Freshers and Experienced asked in various Company Job Interviews

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Accounting Interview Questions

Questions Answers Views Company eMail

Each transaction has two aspects which is called as -------- ----concept

1 3648

Passing of entry in ledger account from journal is called -- --------

1 3914

---------is the main or principle book of accounts

1874

Purchase book is a ----------journal

2245

The primary record of a credit purchase of a fixed asset is made in---------

2 7811

Cash discount is allowed to the customer to encourage them - -------------

2 4604

A document evidencing a debit to be raised against a party for any reason other than a credit sale is called ----------

3 5014

Over-hauling expenses of a secon hand machinery should be debited to ---------

2 4043

Is depreciation on fixed asset a capital expenditure

6 11942

In order to comply with the matching principle, adjustment entries are made at the preparation of ----------

2815

Trading account reveals---------Profit and loss account reveals ---------

4 10468

Provision of Bad Debts is made in compliance with the convention of -----------

1884

Amount received on sale of old news paper --------receipt

3 5816

--------is prepared to ascertain the cost of goods manufactured

2 4119

Carriage outwards will appear on -----------side of---------

5 15199

Un-Answered Questions { Accounting }

'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.

2341

how to deduct tds on income from other sources with examples

2137

What is means by Central Excise ? How to calculate Central Excise ? Central Excise form No. is ?

2244

Which books are helpful for practising accounting's most tricky sums?

1593

How to get C forms in online? Plz give me Processor Thanq

3329

let me know the meaning and Nature of cash

2149

what do you mean indirect expanse in trading business?

2288

What are the 4 phases accounting?

1047

what is circuit filter?

1920

service tax

2040

What is the importance of accounting standards?

1236

Explain the word Liquidation

2041

What are the different branches of accounting?

1045

What is Merger?

2391

I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar

2202

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