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Categories >> Accounting >> CompanyAffairs CS
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1904)
 Accounting General interview questions  Accounting General Interview Questions (2830)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
Question
what is deferred profit ?
 Question Submitted By :: CompanyAffairs-CS
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
A portion of company profits allocated by an employer, in
good years, to an employee’s trust.
Contributions on behalf of each employee are expressed as a
percentage of salary with 5% being common practice. If the
profit-sharing plan is a qualified plan according to the
IRS, employer contributions are tax deductible as a business
expense. These contributions are not currently taxable to
the employee; benefits are taxed at the time of distribution.
 
Is This Answer Correct ?    3 Yes 1 No
Sandeep.m
 
Answer
# 2
A portion of company profits allocated by an employer, in
good years, to an employee’s trust.
Contributions on behalf of each employee are expressed as a
percentage of salary with 5% being common practice. If the
profit-sharing plan is a qualified plan according to the
IRS, employer contributions are tax deductible as a business
expense. These contributions are not currently taxable to
the employee; benefits are taxed at the time of distribution.
 
Is This Answer Correct ?    2 Yes 0 No
Sandeep.m
 
 
 

 
 
 
Other CompanyAffairs CS Interview Questions
 
  Question Asked @ Answers
 
what is procedure to transfer funds between companies registered under sec 25 of the companies act? Is there is possible to get exemption certificate?   1
what is Producer of a wounding up of a company?   1
A prouduct passed through three stage of the production and product for each stage become the raw material for the new stage further raw material on also added at each stage . During the march 2000, 1000 unit of finishied prouduction produced with following expenditure. A B C material 10000 8000 4000 labour 8000 12000 6000 on cost 5000 4000 2000 inculuded expenses amount to 5200 and to be allocated on the bassis of labour main raw material issue to stage A was worth rs 6400\- prepare the procesing cost account with unit each stage and total cost finishied product the final stage.   1
what is meant by TDS   2
tally9 different erp?   1
give detail expansion about MIS Report? Oriental-Bank-Of-Commerce 5
can a pvt ltd. coy take unsecured loan from any partnership firm? If not why?   1
"X" company paid the salaries to staff. Then what are the entry? Is debiting the employee A/c, or Salary A/c? If salary A/c debited, how we can find if "a" employee salary paid or not? If we debiting the employee A/c, how to find how much amount we paid for salaries?   2
where will be effect the amount of depreciation in company final account? If it will effect in P&L A/c & Balance Sheet also than will amount be same in both sheet? IBM 10
What is claim ratio ?   2
what is book building?   3
Treatment of P&L A/c balance(either profit or loss)??   2
 
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