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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 (1906)
 Accounting General interview questions  Accounting General Interview Questions (2834)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
Question
1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS
TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS
DEFFERED REVENUE EXPENDITURE?  6. what is mutualfund? 7. why
net profit shown liabilities side in balance sheet?
 Question Submitted By :: CompanyAffairs-CS
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
bank reconciliation prepare on the interval period when
create the diference in cash balance in the company and
cash balance as per pass book of bank.
trial balance show the arithmatic accurance in the debit
and credit balance.

further detail
cntact 9540725521
 
Is This Answer Correct ?    32 Yes 2 No
Subhash
 
Answer
# 2
we do BRS when there arises a difference between the
balances in the cashbook and passbook.
we prepare balance shhet to ascertain the financial
position of business
trail balances-to chect dual entry of transactions
arithematically
deffereed revenue expenditure-that which spreads the
benefit 4 a long time.
net profit is a liabilkity on part of businee\ss to pay to
owner
 
Is This Answer Correct ?    16 Yes 3 No
Prasannna Kottamasu
 
 
 
Answer
# 3
1) BANK RECONCILLATION STATEMENTS
2) TO KNOPW THE FINANCIAL POSITIONS OF THE COMPANY
3) THE TRIAL BALANCE IS THE REPORT WHICH CONTAIN ALL DEBIT
AND CREDIT IN ALL ACCOUNTS AT THE END OF THE REPORTING
PERIOD.
4) Money provided by investors to startup firms and small
businesses with perceived long-term growth potential. This
is a very important source of funding for startups that do
not have access to capital markets. It typically entails
high risk for the investor, but it has the potential for
above-average returns
5)
 
Is This Answer Correct ?    3 Yes 0 No
Abc
 
Answer
# 4
I am agree with prasanna....damn good...good work....keep it up..... 
Is This Answer Correct ?    0 Yes 0 No
Babhu Kanchupalli(dms)
 
Answer
# 5
3.trial balance?

trial balance ia a simple statement. it consist of ledger
item balances. the maun objective of preparing trail
balance to arthamatic aquaressy & rettiffy the errors.
 
Is This Answer Correct ?    0 Yes 0 No
Prasad Gadaputi
 
Answer
# 6
brs-bankinag reconsilation statement which shows diffrence
between passbook balance of cash book and cash balance in
pass book.

trial balance-which contains the expenditures and
assets,incomes and liabilities.

differed revenue exp-the benefit of expenditure will expire
for long period.ex-company logo design or redesign

mutual fund-pool the investments from small investors and
invest in various sector of funds by experts.
7.because net profit increase the owner's capital
 
Is This Answer Correct ?    2 Yes 3 No
Sharath
 
Answer
# 7
1.bank recouncilations statement
2. to know the financila positions of company.
3. to know the gross profit or gross loss
4.
5.
6.
7.
 
Is This Answer Correct ?    2 Yes 7 No
Santosh
 

 
 
 
Other CompanyAffairs CS Interview Questions
 
  Question Asked @ Answers
 
Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.   3
on which time a company secretary has filled his compliance in form no.66?   4
What you mean by blue chip companies? ICSI 3
please tell me about Advance Bank Gurantee & Performance Bank Gurantee TATA 2
what is exact difference between copy rights and patent rights? Capital-IQ 8
Can I pay to electric company in cash for a quotation where the amount is more than Rs20000? wbsedcl 2
what is deferred profit ?   2
tally9 different erp?   1
How will we know that this entry will go in this group in tally.   1
what is subsidiary company, explain brief? Reliance 7
What is Venture Capital Brigade 4
what is meant by TDS   2
 
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