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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 (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4362)
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 2 No
Dhiraj Kumar
 
 
 

 
 
 
Other Audit Interview Questions
 
  Question Asked @ Answers
 
Will it be fine if private Ltd Company do not follow depreciation rate as per The Companies Act,1956 & follow Depreciation Rates as per Income Tax. Also is it necessary to claim VAT Setoff on Asset Capitalised only after some percentage of retention.   1
"DUTIES OF AN AUDITOR IN VERIFYING PURCHASE OF A BUILDING" PLEASE REFER ME A BOOK TO SEARCH FOR THIS   2
WHAT IS GL RECONCILIATION? WHAT YOU DO IN GL RECONCILIATION? Genpact 4
what will you do if you dont get this job Bank-Of-America 12
company A is parental company of company B.if company A pays rent for company B to landlord,What will be the journal entry recorded in the books of company A and company B? Cognizent 2
what is the journal entry for this situation? and why? situation: Gratuity for this year TK1000000,which TK700000 shows in income statement and TK150000 will shown in next 2 year each.(this is a management decision)   1
What areas are your strengths and what areas would you like to develop   2
hi i want to know the use of lookup, Hlookup and Vlookup with full example with Excel file. pls if any body have this pls help me. GIS 3
What are your career plans? Ernst-Young 1
What is Assesment year, 2010 - 11 which year Assesment year ?   4
what should we do in case of a Partnership wen the Partners capital account has debit balance???   1
In one sentence, What is Auditing ? Ernst-Young 6
 
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