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Accounting Interview Questions
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Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

WNS,

1058

we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

 1163

Can we pay advance salary to a single employee in cash of an amount exceeding 10,000?

 1040

can we change date in tally.erp s/w in educational mode ?

 1155

payment made to the credit card from bank.In that half are personal and half are business related.how to account these transaction without credit card ledger.

ABC,

1 1661

if i am running a tank lorry and the income of the tank lorry comes under haryana VAT 2003?

 1010

I purchase New DVD for Students, what can treat this expenditure is recurring or non recurring

 1 1505

if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally

 1070

professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally

 1028

What are documents need to vouch while doing sales vauching?

 1004

Provident Fund a/c will comes under which account Personal, Real or Nominal A/c

Cargill,

1 8708

What is LC (Letter of Credit)..?

Bajaj Electricals,

1 1776

GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?

IBM,

1067

what are main accounting entries in a vehicle dealer

 1027

Journalise- opened a saving a/c with S.B.I. ?

 1190

Un-Answered Questions { Accounting }

you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.

2270

Describe the proof of cash type of bank reconciliation?

1465

What is account in accounting?

653

A----------involves transfer of money or moneys worth from one person to another

1436

what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year

2015




What is the difference between inactive accounts and dormant account?

696

What is revaluation of Accounts, how does it is accounted in business

1489

what are cost accounting and its applications?

653

What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it?

1582

Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

1709

Explain the difference between internal audit and statutory audit?

673

difition of reserve & surplus

1753

Expand---------MNOP

1591

What is difference between Contract and legel and legel and profession service???? I had face this question in interview

1782

I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

1314

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