:: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
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 (1904)
 Accounting General interview questions  Accounting General Interview Questions (2829)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
What is Esi ,Pf,and Payroll?
 Question Submitted By :: Audit
I also faced this Question!!     Answer Posted By  
# 1
SI and PF are statutory requirement. Every company or
institution should contribute 12% on the basic wages of the
employees as the employer contribution apart from deducting
the same amount from the employees salary. At the same time
an additional 1.61% is to be contributed by the employer
towards Administration charges, inspection charges and DLI
Regarding ESI employer has to contribute 4.75% of the gross
salary and 1.75% to be deducted from the employees on the
gross salary.
Payroll is nothing but the salary details of the employees
Is This Answer Correct ?    21 Yes 0 No
# 2
ESI:Employees State Insurance
PF:Provident Fund
PAYROLL:Range of Salary
ESI,PF are the savings by employees as well as these are
contributed by employers to some extent.
Is This Answer Correct ?    22 Yes 2 No

Other Audit Interview Questions
  Question Asked @ Answers
what is a contra entry how it is passed in journal and cashbook?   4
What Is audit ? Explain the inventory audit   7
secretarial audit   6
i want Gratuaty calculaton working   4
Why did you choose our firm rather than other firms? Ernst-Young 1
During the year a firm has received TDS of Rs.30 lakhs and out of this an amount of Rs.9 lakhs was adjusted against the taxes. However, in the balance sheet under the head assets,the firm shown Rs.30 lakhs towards TDS. Is it correct. In my openion, in the balance sheet, the assessee has to show only Rs.21 lakhs as asset in the balance sheet, after reducing the tax adjustemnt of Rs.9 lakhs. Pl. Clarify.   1
what should we do in case of a Partnership wen the Partners capital account has debit balance???   1
what is mean by misc- assets?   3
Can an auditor undertake an audit of a Receipts and Payments Account?   1
what is suspense capital a/c? when this type of account will be opened in the books of accounts?   2
For more Audit Interview Questions Click Here 

Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
Copyright 2013  All Rights Reserved.   ::