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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 (4363)
tds effect in balance sheet  if tds receipts
 Question Submitted By :: Audit
I also faced this Question!!     Answer Posted By  
# 1
Tds receipt will be shown in asset side. It can be adjusted
from income tax payable.
Is This Answer Correct ?    15 Yes 1 No
# 2
In Assets Side:
Advance In-Come-Tax A/c Dr with TDS received Amount
and Party A/c Cr with TDS received Amount
Is This Answer Correct ?    16 Yes 6 No
Jaysukh Solanki, Dudhsagar Dai
# 3
Tds Receipts will be shown in assets side under loans &
advances and it will be adjusted to Income Tax A/c.
Is This Answer Correct ?    7 Yes 3 No
# 4
In Assets side ,
Can Adjust these amount on Income tax payable
Is This Answer Correct ?    3 Yes 1 No
# 5
Is This Answer Correct ?    3 Yes 1 No
# 6
how can a company show advance tax of rs 10 and also TDS for
teh same year of Rs 10? similarly, for the next year advance
tax shown is rs 2 but TDS is rs 8.

its a construction company. is the TDS relating to some
other aspect of business?
Is This Answer Correct ?    2 Yes 1 No
# 7
In Assets Side:
Advance In-Come-Tax A/c Dr with TDS received Amount
and Party A/c Cr with TDS received Amount

in the tds rec. will adjested in memo of total income.
Is This Answer Correct ?    3 Yes 3 No

Other Audit Interview Questions
  Question Asked @ Answers
I am managing a partnership firm which has a turnover of 50 lakhs in its first year business i.e 2008-09 and in previous financial year 2009-10 it has only 27 lakhs turn over. Please let me know when we have to file our IT return. whether it is before 31st July 2010 or 30th September 2010.   2
What is Esi ,Pf,and Payroll?   2
Three common types of confirmations used by auditors are (1) negative confirmations, (2) blank form positive confirmations, and (3) positive confirmations with information included. Place the confirmations in order of reliability from highest to lowest.Question 8 options: 1, 2, 3. 3, 2, 1. 2, 3, 1. 3, 1, 2.   2
how will u check the account receivables and cash balances while doing audit Price-Waterhouse-Coopers 3
If the wording of a governing document of a non-company charity requires accounts to be audited, does this mean statutory audit?   1
What is Cost audit & its Type?   3
What is the difference between amalgamation, absorption, liquidation ? Why realisation account is being prepared ?   1
What Is audit ? Explain the inventory audit   7
Had I imported two items one is custom duty free and another is with custom duty. Whether I can sell the custom duty free item with the custom duty or not.   1
what is internal check?   3
why you leave the present job ? DELL 3
Every firms has audit firms to audit their accounts but who will audit an auditing firm? Ernst-Young 4
For more Audit Interview Questions Click Here 

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