| Other Accounting General Interview Questions |
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|why should we treat closing stock credit side in trading
account , and why the reason the closing stock should not
appear in the trial balance ?
|a company getting losses from last 3 years. if u r a
analyst what u will recommend to u r clint.?
What is entry when goods/material reced on 31st March
but,invoice yet not received.
We are operating a Security Agency, Please suggest us how
to calculate holidays & Overtime duty, where we take 12
hrs, duty from guards in place of 08 hrs. duty.
Please suggest us how to calculate.
|1. During the current period, ABC Ltd sold 60,000 units of
product at Rs. 30 per unit. At the
beginning for the period, there were 10,000 units in
inventory and ABC Ltd manufactured
50,000 units during the period. The manufacturing costs and
selling and administrative
expenses were as follows:
Total cost Number of units Unit cost
Direct materials 67,000 10,000 6.70
Direct labour 1,55,000 10,000 15.50
Variable factory overhead 18,000 10,000 1.80
Fixed factory overhead 20,000 10,000 2.00
Total 2,60,000 26.00
Current period costs:
Direct materials 3,50,000 50,000 7.00
Direct labour 8,10,000 50,000 16.20
Variable factory overhead 90,000 50,000 1.80
Fixed factory overhead 1,00,000 50,000 2.00
Total 13,50,000 27.00
Selling and administrative expenses:
1. Prepare an income statement based on the variable
2. Prepare an income statement based on the absorption
3. Give the reason for the difference in the amount of
income from operations in 1 and
|Where do you post Credit Sales in Trading or P& L Account,
or should we deduct from the actual sales and put the net
figures in the column. Clarify
|what is cash on account?
|what is cash book
|What is capital?
|What is standing order
|exchanged old furniture for new,the value of old furniture
was rs 350 while the vaue of new furniture was rs 900
balance paid in cash
what will be the journal entry according to you
|what is BRS? 12.Why is it used ?
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