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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
basic knowledge of accounting ?
 Question Submitted By :: Shahchhaya.1648
I also faced this Question!!     Rank Answer Posted By  
 
  Re: basic knowledge of accounting ?
Answer
# 1
Accounting is an
Art of recording
Art of Classifying
Art of Summarising
the Monetary Transaction & finally interpreting the results
 
Is This Answer Correct ?    90 Yes 10 No
Dinesh Aicwa
 
  Re: basic knowledge of accounting ?
Answer
# 2
Account is an type of Maths. In School we calculate Number
but here we kept record of company deiatls like purchase,
sales, journaletc.
 
Is This Answer Correct ?    62 Yes 8 No
Harshad
 
 
 
  Re: basic knowledge of accounting ?
Answer
# 3
Hi,

Accounts is nothing it is finally + and - what ever you
receive whatever you spend and applicable taxation.

Alway you have to rember accounting rule while you r
accounting

Personal account Debit reciever credit Giver
Real account Debit what comes in credit what goes out
Nominal account Debit Expenses and income credit income and
gain.
 
Is This Answer Correct ?    49 Yes 8 No
Bhavani Bv
 
  Re: basic knowledge of accounting ?
Answer
# 4
Accounting is an method of identifying,arranging and passing required financial information to decision making in business. 
Is This Answer Correct ?    11 Yes 1 No
Latha Devi Vazir
 
  Re: basic knowledge of accounting ?
Answer
# 5
Accounting is art of Classifying, summarizing, recording of montary transaction according to the GAAP. 
Is This Answer Correct ?    12 Yes 0 No
Murali.p
 
  Re: basic knowledge of accounting ?
Answer
# 6
HI
ACCOUNTING IS ART OF CLASSIFYING SUMMARIZING RECORDING OF MONTARY TRANSACTION ACCORDING TO THE GAAP
 
Is This Answer Correct ?    2 Yes 2 No
Mahaveer Palor
 
  Re: basic knowledge of accounting ?
Answer
# 7
Hi,
Accounting in simple term is the art(in hindi means kala)of identifying(identify whether the said thing is a transaction or an event,whether monetay or not),Recording(Journal),Classifying(same nature of item at a place in ledger),summaarizing(through B/s,P&l A/c),interpreating,and finally analysing the impact,so that the user of it may get the required information easily which may be a milestone for taking the decision for them.
 
Is This Answer Correct ?    0 Yes 1 No
Santosh Dhakal
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
i am work partnership firm in Uttrakhand. one of our branch established in haryana.and our branch give raw material to another parti in haryana.and same parti supply semifinished component to our branch(uttrakhand). mentain excise duty & c.s.t in bill.and we enter these bill in purchase A/c.instead of job work expenses. so question is that can we able to deduct T.D.S ON these bill.pls explain me in which section we deduct t.d.s. if not, why.   1
What are the benefits to an Employee to deduct TDS from his Salary ?   3
I WANT FULL DETIAL FOR TDS I AM NEW JOING THE GOLD COMPANY I WAN TO PAY TDS BUT I KNO WHAT IS THE TDS PLEASE SEND ANS FOR FULL DETAILS HOW TO PAY, AND WHAT A/C PAY TDS ALL DETAILS I WANT PLEASE SEND THE DETAILS.   1
I am late for deposit the service tax about 120 days. the amount of S.T. is 48115 What is the Intrest on 48115.   5
And If my Income is 300000 p.a., so what tax I have to be deposit,explain with the method of tax calculation in detailed?   5
how many type of tax form used for sales tax, vat,service tax, excise duty & other tax ? what is the theory of all type of taxes applied in india ?   2
the vendor is supplying us printing application forms including material and he add 5% vat is there any chance to deduct tds   1
difference between assessment year and financial year   2
We had received form16A from one corporate company, against they made payment about Rs.49,000/- on 25/06/08, What i Should do this form ?   2
Please tell me about service tax? And service tax latest rate? TATA 30
Hello Durgaprasad Sir, iam received a farmat of credit availed and utilized from Excise and Service tax department, but i have no idia for filling this farmat. can you tell me detail about this or tell me where it available in internet.   1
what is the use of 2a,2b & 2c form in cst   2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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