Top Audit Interview Questions :: ALLInterview.com http://www.allinterview.com Top Audit Interview Questions en-us What is the Difference between Current Assets and Fixed Assets and h http://www.allinterview.com/showanswers/1176.html The difference between current assets and fixed assets as follows: Current assets are flexible in nature, easy to encashable and floting money to company whereas Fixed assets are Fixed in nature in other words non-moving assets, not easy what is the difference between cheque and draft http://www.allinterview.com/showanswers/66079.html the bank takes a advance from the person who issues adraft but at the time of check the bank didnt take amount to issue a cheque.the cheque may be bounce when the balance is nill in issuer account . what is audit http://www.allinterview.com/showanswers/58455.html an audit is the independent examination of financial information of an entity,whether profit oriented or not,and irrespective of its size or legal form,when such an examination is conducted to express an opinion thereon. HOW WILL U HANDLE ACCOUNTS RECEIVABLE? http://www.allinterview.com/showanswers/62481.html while doing accounts or preparing a/cs books for a co., we have to take Accoutns REceivable as a Receipt, it should be shown in the receipt side in the cash book. what is meant by vouching? http://www.allinterview.com/showanswers/9152.html Checking of Accounting record with the documentery evidence. I MAKE MIS FOR MY COMPANY. INTERVIEWER ASKED ME WHAT UR ROLL IN MIS. http://www.allinterview.com/showanswers/62480.html I COULDNT GIVE HIM SATISFACTORY ANSWER. what is inventory and how can manage the inventory. what is ledger an http://www.allinterview.com/showanswers/1172.html the good for the purpose of sale remain at the end of the financial period is called inventory. ledger is book in accounting term were all same accounting head realted transactions are recoded for calculating there balance . what type of questions will be asked in the interviews http://www.allinterview.com/showanswers/56848.html 1.Tell us about yourself 2.Your achievements 3.Your aim 4.Your hobbies what is a turn over ratio? http://www.allinterview.com/showanswers/60617.html if if it is inventory turnover ratio Turnover/Average inventory if it is debtors turnover ratio, turnover/debtors DEFINE YOURSELF http://www.allinterview.com/showanswers/62176.html my self i am ram,my hometown is guntur ,i completed MBA in s.v university at TIRUPATHI,i did my project in ECIL in HYD, tanq sir, what do you mean acculmated depreciation? http://www.allinterview.com/showanswers/72625.html Acculmated depreciation is the yearly depricition on a particular asset. What wording should be used in the audit report? http://www.allinterview.com/showanswers/9533.html Concise and precise what will you do if you dont get this job http://www.allinterview.com/showanswers/66077.html i am confident that what are the qualities required for these job i am the suitable person even if i didnt get the job i will definitely update my mistakes i am sure that i will definitely get selected for these job cost audit system http://www.allinterview.com/showanswers/36581.html COST AUDIT IS THE AUDIT OF COST RECORDQS. IT IS AN AUDIT PROCESS FOR VERIFICATION OF THE COST OF MANUFACTURE OR PRODUCTIONON ON THE BASIS OF ACCS REGARDING UTILISATION OF MATERIAL,LABOUR ETC. Can an auditor undertake an audit of a Receipts and Payments Account http://www.allinterview.com/showanswers/9532.html Yes. The report however cannot be in the form of a "true and fair" opinion, as the accounts do not comply with the rules for arriving at such an opinion.