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Accounting Interview Questions
Questions Answers Views Company eMail

plz tell me calculation of service tax and tds. point by point

2 6621

difference between lease financing and hire purchase

1 7051

Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?

2681

a company purchased (credit purchase) goods on 31st March & received it 1st April. Which quarter the form c will issued?

4 7120

what are athe accounting principles?

4 6541

I have passed in SBI clerical exam 2009 , pls tell me what question will be asked for interview .pls mail it on my email id sawant.supriya51@gmail.com

2005

Distinguish between Profit and Loss Account and Profit and Loss Appropriation Account.

Genpact,

4 48844

How to Calculate Vat?

5 10721

Why you want to change???

Horiba,

2201

What do you mean by Small Scale Industries, and what is the benefit of going to SSI, Pls explain in detail ??

1 11035

What is cost accounting?

3 5393

What is the three golden rules in Accounts ?

Genpact,

7 10543

I have the Total amount of 235242. 235242 is included (ST+ED+SED) 10.30%+ Basic of Sales. what is Basic Value???

2 4555

Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

2253

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?

3666


Un-Answered Questions { Accounting }

Do you know what is balance sheet?

1096


entry for cash received from debtors

1593


What are the effects when intangibles and tangible assests decrease

2165


What do we mean by purchase return in accounting?

1122


genpact uk based shift timings? and R2R job profile?

2318


"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

1835


explain the concepts of ptd, ytd, qtd and pjtd in gl?

386


If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B

4905


what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???

2070


WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

2140


I am working in footwear company at Himachal Pradesh. we want to send raw material - (leather) for Job work our other branch. now my question is that will have we any permission taken from excise & sale tax deppt.

4872


give me only one transactions in both side (debit&credit) should be in real accounts

2188


Define `Realisation` Account? Explain the salient features?

3114


what is windows dressing final accounts?,sales a/c belongs to which a/c type?

2094


Tell me what does the investment of personal assets by the owner will do?

1094