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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What are the principles of Accounting
 Question Submitted By :: Himanshu Anand
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What are the principles of Accounting
Answer
# 1
There are three main principles o f acconting.
1)accural basis
2)Going concern
3)Consistency
 
Is This Answer Correct ?    4 Yes 6 No
Shashi Bhushan Singh
 
  Re: What are the principles of Accounting
Answer
# 2
Personal accounting
Real accounting
Nominal accounting
 
Is This Answer Correct ?    2 Yes 6 No
Sujatha
 
 
 
  Re: What are the principles of Accounting
Answer
# 3
personal accounting
real accounting
nominal accounting
 
Is This Answer Correct ?    1 Yes 2 No
Sowmya
 
  Re: What are the principles of Accounting
Answer
# 4
ACCOUNTING PRINCIPLES ARE TWO TYPES 

ONE IS ACCOUNTING CONCEPTS 

SEACOND IS ACCOUNTING CONVENTIONS
 
Is This Answer Correct ?    1 Yes 1 No
Narasimha Rao
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
what about your self Capital-IQ5
Expand---------RTC  7
Expand-----TOA  1
Kindly solve the following problem. Financial accounting. 1. Bheema does not maintain his book in the double entry system . His books showed following facts. Receipts for the year ended 31.12.2007 from sundry Debtors 17625.00 Cash sales 4125.00 paid by bheema (proprietor) 2500.00 total 24250.00 payments made for the year ended 31.02.2007 new machinery purchased 625.00 drawings 1500.00 wages 6725.00 salaries 1125.00 interestpaid 75.00 telephone 125.00 Rent 1200.00 lighting 475.00 sundry expenses 2125.00 sundry creditors 7625.00 total 21600.00 Assets and Liabilities As on 31.12.2006 As at 31.12.2007 sundry creditors 2525.00 2400.00 sundry Debtors 3750.00 6125.00 Bank 625.00 ? stock 6250.00 3125.00 plant 7500.00 7315.00 from the Above data , prepare TRADING A/C, PROFFIT & LOSS A/C for the year ended 31st december 2007 and the BALANCE SHEET as on on that date. Kindly solve the problem  1
current ratio? asked on 30/7/09 FactSet4
Difference between Accounts & Finance ? Shriram4
What is BRS? What is the use of BRS  3
expand S T P  6
What is the working formula for Current Ratio  3
What form of classification of expenses is expected for a charity whose gross income does not exceed ?250,000 preparing accruals accounts?  1
Expand U L I P  3
Expand A D T A  1
What should be considered as best in the company's view either debt or equity? Explain briefly? Capital-IQ6
What is PBDIT?  3
"while Financial accounting is external, cost accouting is internal to the business" Explain? Deloitte1
What is the difference between cost accounting and financial accounting?  1
What is Liquidity  1
whether cash book is a subsidiary book?  6
what is the difference between provision for bad debts and reserve for bad debts? Genpact7
What are the principles of Accounting Hash-Biotech4
 
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