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Categories >> Accounting >> Audit
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1913)
 Accounting General interview questions  Accounting General Interview Questions (2841)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4372)
Question
Whether the term loan which was long term as on Mar-11, but
now it is short term due to its repayment within one year
from the reporting period. Whether it should be classified
as short term borrowings or other current liabilities as per
Revised schedule VI.
 Question Submitted By :: Audit
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
it should be classified as short term borrowings 
Is This Answer Correct ?    10 Yes 4 No
Monika Khandelwal
 
Answer
# 2
nature of long term and short term depond upon the date of the amount is taken instead of remaining period of the loan amount 
Is This Answer Correct ?    1 Yes 3 No
Dhiraj Kumar
 
 
 

 
 
 
Other Audit Interview Questions
 
  Question Asked @ Answers
 
Expand---------BRP   2
whether an independant auditor can increase his fees in properitory firm according to turnover. MAHINDRA 1
While conducting an audit, the IS auditor detects the presence of a virus. What should be the IS auditorís next step? a) Observe the response mechanism. b) Clear the virus from network. c) Inform appropriate personnel immediately. d) Ensure deletion of virus. Hindustan-Unilever-Limited 2
HOUW MANYTYPES OF STOCK MAINTEIN BY STORE KEEPER WE ARE A MANUFACTURING CO WE SEND SOME PARTS TO PARTY FOR JOB WORKS ( EXP ) TILL 31ST MARCH STOCK ARE NOT RETURN TO US. CAN I CALCULATE THIS PARTS FOR STOCK CALCULATION FOR STOCK CERTIFICATE FOR THE PURPOSE OF ANUAL VAT RETUEN FILE IN SALES TAX DEPARTMENT   2
how will u check the account receivables and cash balances while doing audit Price-Waterhouse-Coopers 3
What is the difference between provision and payable Amex 7
what is statutaru audit??   2
plz guide me about study?   2
Hi Friends! Pls clear my doubt.... Is there any changes made in TDS rate for the A.Y. 2012-13? Infosys 1
What is the meaning of XBRL?? KPMG 2
what do you mean acculmated depreciation? Deloitte 14
Why we are prepareing Bank Reconciliation Statements ?   10
 
For more Audit Interview Questions Click Here 
 
 
 
 
 


   
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