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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 (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
Question
tds effect in balance sheet  if tds receipts
 Question Submitted By :: Audit
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Tds receipt will be shown in asset side. It can be adjusted
from income tax payable.
 
Is This Answer Correct ?    16 Yes 1 No
V.mohan
 
Answer
# 2
Yes
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
 
 
 
Answer
# 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 ?    8 Yes 3 No
Naveen
 
Answer
# 4
Yes
In Assets side ,
Can Adjust these amount on Income tax payable
 
Is This Answer Correct ?    3 Yes 1 No
Karthic
 
Answer
# 5
ASSEST->CURRENTT ASSEST->LOAN & ADVANCES 
Is This Answer Correct ?    3 Yes 1 No
Balaiah
 
Answer
# 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
Sameer
 
Answer
# 7
Yes
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
Viji
 

 
 
 
Other Audit Interview Questions
 
  Question Asked @ Answers
 
what is the accounting   7
what is meaning TDS? Tcs 23
How to caculate assets?   1
Can we claim for the amt. of CST paid if in the case of sales return with in six month? Genpact 6
what is debit   6
whether in the case of BIFR scheme the non payment of dividend FOR MORE than 7 years shall go in the Dividend Equalisation fund/ Investors Protection fund   1
what is pert(project evaluation and review techniques)?   1
Classify the following accounts into Personal Account, Real Account & Nominal Account. Questions Answers 1. Furniture Account 2. Salaries Account 3. Outstanding Wages Account 4. National Trading Co. Ltd’s Account 5. Stationery Account 6. Prepaid Insurance Account 7. Capital Account 8. Interest Account 9. Building Account 10. Purchase Account 11. Cash Account 12. Bank Account 13. Sales Account 14. Commission received in Advance Account 15. Discount Account 16. Drawing Account 17. Loan Account 18. Mysore Store’s Account 19. Repairs to Machinery Account 20. Stock Account 21. Investment Account 22. Loose Tools Account 23. Bangalore Sports Club’s Account 24. Loss of Goods by Fire Account 25. Motor Vans Account 26. International Trader’s Account 27. Goodwill Account 28. Depreciation Account 29. Bad Debts Account 30. Bad Debts Recovered Account 31. Bank Overdraft Account 32. Book Debts Account 33. Purchases Returns Account 34. Sales Returns Account 35. Postage Account 36. Charity Account 37. Carriage Account 38. Rent Account 39. National College’s Account 40. Bills receivable Account 41. Bills Payable Account Bisleri 6
What would be treatment of insuance claim received when vehicle is damaged and related exp. is already debited to Repair and Main. A/c   7
Expand---------PRSM   1
what is internal check?   3
1)how will you check the expenses? Pantaloon 12
 
For more Audit Interview Questions Click Here 
 
 
 
 
 


   
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