| Other Audit Interview Questions |
| |
| Question |
Asked @ |
Answers |
| |
| in balabce sheet under what audit fee comes |
| 10 |
| Expand---------MPSR
|
| 1 |
| Is TDS on Contract is applicable on the subscription
charges payable towards computer software? |
| 2 |
| surrender of shares |
IVRCL | 1 |
| A company paid Mr.R an advance payment of Rs 5000 as tour
allowance. After the tour R, submitted travel bill with a
expense of Rs3000. He return Rs 1000 and claimed to pay the
rest 1000 on a future date. Please pass the journal entries. |
| 6 |
| State with reason which account should be debited and which
account should be credited in each of the following
transactions:
1. Raj commenced business with cash Rs. 5000
2. Bought goods from Kiran for cash Rs. 1000
3. Sold furniture to Ravi on credit Rs. 500
4. Sold goods for cash Rs. 800
5. cash purchases Rs. 600
6. Bought Stamps Rs. 10
7. Withdrew cash from the business for personal use Rs. 1000
8. Paid salary to manager Rs. 500
9. Paid rent to landlord Rs. 200
10. Received commission from Mani Rs. 50
11. Paid for repairing machinery Rs. 30
12. Received cash form Ravi on account Rs. 400
13. Gave loan to Babu Rs. 500
14. Purchased goods from Sachin Rs. 400
15. Opened a bank account with Rs. 1000
16. Charged Mohan Rs. 50 commission for service rendered to him
17. Santosh paid the interest on loan advanced to him
18. Received loan from Manju Rs.10000
19. Office furniture stolen Rs. 500
20. Paid income tax Rs. 5000
21. Paid life insurance premium Rs. 300
22. Allowed discount to Babu Rs. 90
23. Discount received from Santosh Rs. 150
24. Amount charged by bank as bank charges Rs. 30
25. Railway fright paid on machinery purchased Rs. 100 |
| 2 |
| when is the closing stock shown in the trial balance? |
Infosys | 14 |
| can we depreciate land &building and whats the rate of
dereciation |
| 3 |
| Expand---------PRSM |
| 1 |
| what are the golden rules for accounts payable? |
Cap-Gemini | 2 |
| What is Cash Flow statement? How it can be prepared from
Opening & Closing Trial Balance? |
| 1 |
| Expand---------BRP |
| 1 |
| |
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