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Accounting Interview Questions
Questions Answers Views Company eMail

Is bank charge an assest, equity or liability? 

2 3788

Capital employed is Rs.5L. Goodwill is to be valued at 4yrs purchase of average super profit. Normal rate of return is 20%. years: 2006, 2007, 2008, 2009, 2010. net profits: 1,20,000; 1,50,000; 2,00,000; 2,50,000; 3,00,000 drawings: 60000; 72000; 84000; 96000; 108000 calculate goodwill

890

Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ?

1708

on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount

1831

1)Why closing stock or stock always a positive balance is any reason for? 2)if i am working in IT company what is my Accrual?

Infosys,

1 3686

what is the nature of expenses of a donation

1 2865

what is the difference between directors capital and current a/c

1 2830

what is asset in accounting

Genpect,

4 5411

Describe the accounting principles

2 3305

I have a questions regarding booking transaction. what is I want to loan my company 10k transaction will be recorded as follows "CASH" 10k debit "Payable to partner" 10K as credit. So when I used company debit card for my personal use can I book this as a loan repayment? which means I will have to Debit account " Payable to Partner and credit "Cash"

1 2392

is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me

2257

What do you mean by the word Loss in nominal accounting Give some examples

2 3311

Transport expense were reimbursed by the supplier Pass journal entry

Satyaki Educational Academy,

1 2865

In the income statement we may get profit or loss but the name of the statement was Profit and Loss account Why it was so?

Satyaki Educational Academy,

1 2608

on what basis exchange rates are decided?

1 2960


Un-Answered Questions { Accounting }

we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?

3456


What accounts are to be debited and credited in this case o

1856


How to calculate the TDS

2378


give 3 reasons why capital is referred to as a special liability

1807


how many types of budgets are there?

379


Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.

1386


I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?

2554


Is form 38 mandatory to issue c form in up. thru online mode

1832


how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)

3553


fiscal year variant Vs posting period variant

2113


while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2418


what is one way , two way matching , three way , four way matching ?

1888


in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule

2605


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 .

1595


capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)

2309