8. What is the difference between:
a. Direct Costing Method and Absorption Method.
b. Fixed Cost and Variable Cost.


No Answer is Posted For this Question
Be the First to Post Answer

Post New Answer

More Accounting General Interview Questions

Why t account is called as t account

1 Answers  


Can we pay bonus to employees out of Reserves?

3 Answers   UltraTech,


WHAT IS BRS

3 Answers  


Explain a time when you have not met your goal?

0 Answers  


What is the entry for Good will payment? (received money for Good will)

2 Answers  






what do you mean by bank reconocilition statement

2 Answers  


Why you want to change???

0 Answers   Horiba,


what is asset and what is liability ? why in B/S both will tally at the of the accounting yr or financial yr as the case may be ?

1 Answers  


From the following Trial Balance of Seema Garments as on 31st Dec., 2007, prepare Trading Profit and Loss Account and Balance Sheet: Dr. Rs. Cr. Rs. Opening Stock 15000 Purchases and Sales 109000 180000 Manufacturing Wages 8000 Fuel, Power and Lighting 12000 Salaries 11000 Income Tax 5500 Loan to Mr. X at 10% pa. 5000 Interest on Mr. X’s Loan 300 Apprentice Premium 4500 Rent 4000 Rent Owing 600 Furniture (includes furniture of Rs.1000 purchased on 1st July, 2007) 5000 B/R and B/P 6000 1600 Plant 72000 Debtors and Creditors 28000 13000 Capital 100000 Cash 19500 300000 300000 Informations: 1. Closing Stock was valued at Rs. 30,000. 2. Goodsworth Rs. 5000 was sold on 28th December, but no entry was passed to this effect. 3. Goods costing Rs. 7000 was purchased and included into Stock but no entry was passed to record the purchases. 4. Create a provision of 2% for discount on debtors. 5. Apprentice premium received on 1st January, 2007 was for 3 years. 6. Depreciate the furniture by 10% p.a. 7. Salaries for the month of December, 2007 are still outstanding.

2 Answers   Ignou,


What is the due date of Filing PF return? Is it being filed half yearly or annually?

1 Answers   Honda,


I purchased a Car & paid 10,000/- Rs. Cash & 50000/- Rs. By Loan. What will be the Entry ??

7 Answers   Focus,


process for creating a balance sheet

4 Answers  


Categories