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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
Question
basic knowledge of accounting ?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
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 ?    96 Yes 10 No
Dinesh Aicwa
 
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 ?    64 Yes 8 No
Harshad
 
 
 
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 ?    52 Yes 8 No
Bhavani Bv
 
Answer
# 4
Accounting is art of Classifying, summarizing, recording of montary transaction according to the GAAP. 
Is This Answer Correct ?    16 Yes 0 No
Murali.p
 
Answer
# 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
 
Answer
# 6
HI
ACCOUNTING IS ART OF CLASSIFYING SUMMARIZING RECORDING OF MONTARY TRANSACTION ACCORDING TO THE GAAP
 
Is This Answer Correct ?    3 Yes 2 No
Mahaveer Palor
 
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
 
Company Should deduct TDS or not if a company calls a Saint (Sadhu/Mahatma) for a programme like Pravachan/ Katha/ Pooja ETC ??? If yes then Tax Rate ??? Pl reply in detail with reason of deduction.   3
What is Sale tax Assessment? When it required ? what is the basic query's to do this??????????   4
How Can i file tds return   1
i am working as an accountant. i forgot to deduct the TDS of one employee in year 2010-11 of Rs.1141/-. Now what is the procedure or solution for it?   6
what is thr diff between commercial invoice and ecise invoice   7
On what amount of sale Excise Duty levied?   5
what is mean by differed tax?   3
T-FV-1029 Invalid Challan Input file.   3
PROCEDURE FOR OF C-FORM LOST Philips 2
Is Accounts Payable and Vendor Payable are same ? If yes or no, why ?   1
current sales tax rate of company in India.   1
we have received " c" form against full rate of tax i.e 12.5% from the customers can we summiting in sales tax department for taken a refond as consisnal rate i.e 2% sale against "c" form , but party hasebeen mantion on the back side of from all value inclusive of taxes i.e full rate of tax can we utilised this form for consosnal rate ?   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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