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Categories >> Accounting >> Taxation


 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1897)
 Accounting General interview questions  Accounting General Interview Questions (2805)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
basic knowledge of accounting ?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
# 1
Accounting is an
Art of recording
Art of Classifying
Art of Summarising
the Monetary Transaction & finally interpreting the results
Is This Answer Correct ?    92 Yes 10 No
Dinesh Aicwa
# 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 ?    63 Yes 8 No
# 3

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

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
Is This Answer Correct ?    51 Yes 8 No
Bhavani Bv
# 4
Accounting is art of Classifying, summarizing, recording of montary transaction according to the GAAP. 
Is This Answer Correct ?    14 Yes 0 No
# 5
Accounting is an method of identifying,arranging and passing required financial information to decision making in business. 
Is This Answer Correct ?    12 Yes 1 No
Latha Devi Vazir
# 6
Is This Answer Correct ?    3 Yes 2 No
Mahaveer Palor
# 7
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
What is the WCT? Why deduct the WCT the client.?   3
What is the posting of TDS Receivable in balance sheet   7
Is here any change in excise duty in respect of supply of goods required for MSPGCL,i.e. Rs.10.30 % instead of 8.24 %.   1
i ask to i am deposit tds for cash yes / no please tell me   4
What is MAT? and whom its applicable and what its rate? Bank-Of-America 6
What is meant by CST? What is use of that? Does we use the one state CST certificate to all over India? or else Will we apply CST for each and every state?   2
What are direct taxes   3
What is Sale tax Assessment? When it required ? what is the basic query's to do this??????????   4
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
what is er1   2
Pls advise if a client pays us - Rs. 3,43,00 after deducting 2% TDS 7000 on 3,50,000/- and our Invoice is Rs. 3,30,000/- then how we pas entry of the difference amount Rs. 20,000/-   1
What is Entertainment Tax?   7
For more Taxation Interview Questions Click Here 

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