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Accounting Interview Questions
Questions Answers Views Company eMail

How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer

Accenture,

1743

how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.

Student,

1598

if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??

1776

What is Provision Entry

1638

What is Prepaid Entry

1684

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

1459

We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.

1452

capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?

1572

dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?

1482

sir, how to passes opening stock entry in tally9 when i pass entry purchases

1 2405

At what point excise duty is accrued

1445

How i should sellone the mobile phone when interviewer will ask sell this phone to me?

FirstSource,

1525

Rent outstanding:2500

1 2038

Pass the journal entry: rent outstanding

1809

purchase return liability or asset?should it be included in the balanced sheet?

1547


Un-Answered Questions { Accounting }

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

2069


In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.

1819


How treat TDS & TCS in manual or Tally 9 softwere ?

4023


how do made in finalization

2076


Which Exchange determine Foreign Exchange/Currency Rate?

1938


WHAT IS EXECUTION OF WORKS CONTRACT ?

2075


What is the difference between income statement & Profit&loss A/c?

1948


differences between liabilities and assessts

4339


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


what is Calculation of Depreciation for 4 to 5 Years?

2145


how to mention last year profit of ay private limited company in current year balance sheet ?

1282


How can the management breakup the salary of employee(if salary Rs.10000/-) which % they calculate the Basic,T.A,D.A,H.RA.and e.t.c.

2125


If we use google licence in our office for one year.Google raised invoice annualy. so that on which section tds will be deducted.

2097


Tell us depreciation and its types?

1153


what is the document spliting?

2116