| Other CompanyAffairs CS Interview Questions |
| |
| Question | Asked @ | Answers |
| |
| where will be effect the amount of depreciation in company
final account? If it will effect in P&L A/c & Balance Sheet
also than will amount be same in both sheet? | IBM | 9 |
| Benjamin O'Henry has owned and operated O'Henry's Data
Services since its beginning ten years ago. From all
appearances, the business has prospered. In the past few
years, you have become friends with O'Henry and his wife.
Recently, O'Henry mentioned that he has lost his zest for
the business and would consider selling it for the right
price. You are interested in buying this business, and you
obtain its most recent monthly unadjusted trial balance
which follows:
O'Henry's Data Services Unadjusted Trial Balance November
30, 20XX
Cash……………………………… $9,700
Accounts receivable……………………… 7,900
Prepaid expenses………… 2,600
Furniture, fixtures, & equipment 151,300
Accumulated depreciation $15,600
Accounts payable………… 3,800
Salary payable………………
Unearned service revenue 6,700
Benjamin O'Henry, capital 137,400
Benjamin O'Henry, withdrawals 2,000
Service revenue………… 14,300
Rent expense……………
Salary expense………… 3,400
Utilities expense……… 900
Depreciation expense
Supplies expense……
Total…………………………………………. $177,800 $177,800
Revenues and expenses vary little from month to month, and
November is a typical month. Your investigation reveals
that the unadjusted trial balance does not include the
effects of monthly revenues of $2,100 and monthly expenses
totaling $2,750. If you were to buy O'Henry's Data
Services, you would hire a manager who would require a
monthly salary of $3,000.
The most you would pay for the business is 20 times the
monthly net income you could expect to earn from it.
Compute this possible price. The least O'Henry will take
for the business is his ending capital. Compute this
amount. Under these conditions, how much should you offer
O'Henry? Give your reason. I have the mathimatical part
ok , please give reasons on how much and why I they would
offer him the amount. | | 2 |
| what is the difference between holding company and parent
company | Capital-IQ | 2 |
| What is STP Reports | CTS | 1 |
| what need to b a cs is graduation is necessary? | | 1 |
| What are the factors that come under general office
administration especially if it the industry type is
Software,BPO,Telecoms and constructtions? | | 1 |
| what is three accounting rule? | HP | 4 |
| what do you mean by blue chip companies? | | 2 |
| My Question is how do we distribute profit in pvt ltd, btwn
directors and share holders...the pvt ltd is unregistered.
| | 2 |
| WHAT IS BIFR? GIVE THE DETAIL EXPLANATION | Jindal | 2 |
| Can we finalize Balance Sheet Without prepare Profit & Loss
Account. | | 5 |
| "X" company paid the salaries to staff. Then what are the
entry? Is debiting the employee A/c, or Salary A/c? If
salary A/c debited, how we can find if "a" employee salary
paid or not? If we debiting the employee A/c, how to find
how much amount we paid for salaries? | | 2 |
| What do u meant by Nifty? and how it is calculated? | | 2 |
| what is the difference between debenture and baond | | 1 |
| what cunditions of charged of exise duty | | 1 |
| Recently while appraising a loan proposal I noticed that the
company was a newly formed company. While allotting the
capital among the share holders the shares were allotted at
a huge premium. What is the reason for showing a huge premium? | | 3 |
| when is the last date for filling of tds 4 th quarter | | 2 |
| what is bonus issue?
| | 1 |
| what is the Journal entry for Salaries outstanding? Giv an
example. | Cognizent | 7 |
| Treatment of P&L A/c balance(either profit or loss)?? | | 2 |
| |
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