Accounting Interview Questions
Questions Answers Views Company eMail

how to pass a rent paid a/c and tds payable a/c in tally

5 6439

As a Manufacturer we are paying service Tax on Inwards freight and the same amount we are taking as a credit against payment of Excise duty. So,Pls clarify how to pass JV

1 2554

In a private limited company,if owner/shareholder withdraws different amounts from company account, then where should be that amount be accounted for/in which head of account that amount should be placed????

1 3049

PROFIT FOR THE YEAR 56000 DEPRECIATION AS PER ACCOUNT 9500 DEPRECIATION AS PER TAXATION 6350 TAX RATE 30% PASS ENTRY FOR CORPORATION TAX PROVISION.

ABC,

1 3241

COST OF ASSETS 250000 ACCUMULATED DEPRECIATION 115000 SELLING PRICE 137500 PASS ENTRY FOR THE SALE OF ASSET.

ABC,

2 4232

ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10

ABC,

2032

What entry to be passed for Duty draw back as receivable

1414

when I make a telephone payment to Airtel, under which group airtel fall?

3 4259

What is accumulated depriciation

2 3656

what is mutual funds best way to answer?

Genpact,

3 6590

1. ABC Pvt. Ltd acquired the right to publish a book entitled “Accountancy easy” From Writer at a royalty of Rs. 20 per copy of the book sold. The minimum rent was fixed at Rs. 30,000 per year. It was agreed, that the short workings of any year can be recouped with in 2 years immediately following the year in which short workings occurred. The no. of copies sold during the five years was as following: 1. 1st year -1000 2. 2nd year -1400 3. 3rd year -1800 4. 4th year -3000 5. 5th year -1200 Show royalties account in the books of the publisher.

Accounting,

1 2996

what is different between leaser of subsidary book and journal?

1476

What is budget variance analysis?

1 5824

Give ONE reason for Balance Sheet to be out of balance

1579

what is works contract tax? if a contractor made a bill as repairs to machinary 00000000/- service tax 12.36% on 40% on basic value Vat 5% on 60% of the basic value of the bill amount how can i deduct works contract tax? please suggest me?

1719


Un-Answered Questions { Accounting }

Clasify Loss

1601


1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?

1494


WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY

1529


what's the mean by Imprest system? Please give me Replay on this no. 9885789716

1466


total assets are equal to total liabilities in final accounts ?why?

1418






why do u want to join bpo sector

1745


I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.

1656


Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?

2085


why do we charge the depreciation

951


what is the head for stock trnasfer

1664


Explain financial accounting. What are its characteristic features?

650


Mention the types of ledgers?

702


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

984


what are the direct expense of loan department in banks.

1015


How do I get a C form with the bank Guarantee?

1253