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Categories >> Accounting >> CompanyAffairs CS
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1916)
 Accounting General interview questions  Accounting General Interview Questions (2843)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
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
 
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What is Fund Management & Project Finance   2
What you mean by blue chip companies? ICSI 3
what is software?   2
what is bonus issue?   2
give detail expansion about MIS Report? Oriental-Bank-Of-Commerce 5
can a shareholder or promoters waive his or their right for dividend ? if yes then how and when before or after book closure or in the AGM ? what will be its treatment in accounts?should any provision be there in the Articals of Company for that?   2
WHAT TO DO IF BANK RECONCILIATION STATEMENT DOES NOT TALLY?   2
Treatment of P&L A/c balance(either profit or loss)??   2
if i want a c form from sale tax department and i have cst number. what would it cost to me.   2
financial statement of company sales(1,00,000 units @ Rs.10/-) 10,00,000 Variable costs 5,00,000 Contribution 5,00,000 Fixed costs 3,00,000 Net profit 2,00,000 p/v ratio 50% BEP 6,00,000 Margin of safety ratio 4,00,000 If the price increases by 10% what shall be the new p/v ratio and BEP? If the price increases by 10% is accompanied by a reduction in volume by 12%,what shall be the effect on BEPand profit?   1
can a pvt ltd. coy take unsecured loan from any partnership firm? If not why?   1
when is the last date for filling of tds 4 th quarter   4
 
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