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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 (4360)
Question
What is Esi ,Pf,and Payroll?
 Question Submitted By :: Audit
I also faced this Question!!     Answer Posted By  
 
Answer
# 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
charges.
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
S.koteeswaran
 
Answer
# 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
Lalitha
 
 
 

 
 
 
Other Audit Interview Questions
 
  Question Asked @ Answers
 
what is the marks of section officer interview SSC 1
under wchic head will Goodwill come   3
Dividend Received From A Company Is a Indirect Income or It Should be treated as capital revenue?   5
How to do audit? KPMG 3
I have had a Accounting experience more than 20 year in General Accounting, Traveling & Tourism, and Air lines. Can I change my Job from Accountant to Auditor- Please give me right advise. Accenture 2
cost audit system   3
State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100   3
when can we change the Depreciation Method? and what is the requirements. UBS 3
Why did you choose our firm rather than other firms? Ernst-Young 1
plz tell me what is the rules of audit how we audit the a/cs book.   4
If the wording of a governing document of a non-company charity requires accounts to be audited, does this mean statutory audit?   1
company A is parental company of company B.if company A pays rent for company B to landlord,What will be the journal entry recorded in the books of company A and company B? Cognizent 2
 
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