http://www.allinterview.com Top Accounting Interview Questions en-us http://www.allinterview.com/showanswers/36567.html REAL ACCOUNTS DEBIT WHAT COMES IN CREDIT WHAT GOES OUT NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES CREDIT ALL INCOMES AND REVENUES PERSONAL ACCOUNTS DEBIT THE GIVER http://www.allinterview.com/showanswers/33404.html It is index of share in stock market. http://www.allinterview.com/showanswers/36996.html tds stands for tax deducted at sorce... it is the tax that an assessee has to pay at the time of earning an income.. it is different from tax paid at the time or filing return since it is paid in the previous year itself... http://www.allinterview.com/showanswers/60550.html Rule 1: Total asset= Total liab + owner's Equity Rule 2: Debit: all exp & loss Credit: all income & gain Rule 3: Total of debit side = Total of credit side http://www.allinterview.com/showanswers/74065.html PF : Provident fund is calculated @ 12% on the basic salary, which indeed is deducted from Employee's salary and the same plus 12% on the basic is contributed by the employer. So the aggreate 12% + 12% is remitted to the Provident fund D http://www.allinterview.com/showanswers/66125.html BASIC SALARY http://www.allinterview.com/showanswers/57020.html Cash Flow Statement : Statement showing changes in inflow & outflow of cash during the period. Methods of cash flow:1.Direct Method : presenting information in:Statement of A. operating Activities, B. Investment Activities C.Financial Ac http://www.allinterview.com/showanswers/62950.html Exicse duty is the indirect tax levied by the state on the manufacture or production of goods in india.The rate of excise duty was 16.5% before 1April08.From 1stApril,the rate has been changed to 14% http://www.allinterview.com/showanswers/60085.html Repo rate is the interest rate at which the reserve bank of India lends mney to other banks. Reverse repo rate is return banks earn on excess funds parked with the central bank against Government securities. http://www.allinterview.com/showanswers/35535.html The rate at which RBI borrows from the bank http://www.allinterview.com/showanswers/6538.html VAT is Value Added Tax. It is tax chared by the registered dealer at the time of sale of goods just like Sales Tax. A vat dealer can claim credit of vat on good purchased by him just like excise duty. While Excise is the tax on goods produced but http://www.allinterview.com/showanswers/35876.html concepts are going concern concept,cost concept,business entity concept. conventions are convention of disclosure,convention of conservatisim http://www.allinterview.com/showanswers/65914.html Credit note is issued by supplier in respect of Purchaser account has been credited in books, whereas debit note is a note issued by purchaser to supplier in respect of supplier account has been debited in books. http://www.allinterview.com/showanswers/82102.html c form is issued by the buyer to seller it means seller receive c form . "F" form is issued at the time of transfer of stock . "H" form is used for certificate for export. http://www.allinterview.com/showanswers/36566.html 29