| Other Audit Interview Questions |
| |
| Question | Asked @ | Answers |
| |
| what is trial balance ?
how can finalisation the accounts? | | 1 |
| Will it be fine if private Ltd Company do not follow
depreciation rate as per The Companies Act,1956 & follow
Depreciation Rates as per Income Tax. Also is it necessary
to claim VAT Setoff on Asset Capitalised only after some
percentage of retention. | | 1 |
| what is monthly closings. | | 1 |
| corporate frauds | | 1 |
| tds effect in balance sheet if tds receipts | | 4 |
| Can any body tell me what is the difference between Company
act & income tax act depreciation chart, if any one have any
chart or clarification about it, please mail me at
vaish_shiwani87@rediffmail.com | | 5 |
| Expand---------MRPS | | 1 |
| what is the accounting | | 5 |
| What is Esi ,Pf,and Payroll? | | 2 |
| Expand---------SRPM | | 1 |
| difference b/w debit and credit | | 8 |
| Can Bonus of pre-operative period be part of pre-operative
expenses ? | | 1 |
| What are non-cash impairment charges? | | 1 |
| what do we carry audit | | 1 |
| State with reason which account should be debited and which
account should be credited in each of the following
transactions:
1. Raj commenced business with cash Rs. 5000
2. Bought goods from Kiran for cash Rs. 1000
3. Sold furniture to Ravi on credit Rs. 500
4. Sold goods for cash Rs. 800
5. cash purchases Rs. 600
6. Bought Stamps Rs. 10
7. Withdrew cash from the business for personal use Rs. 1000
8. Paid salary to manager Rs. 500
9. Paid rent to landlord Rs. 200
10. Received commission from Mani Rs. 50
11. Paid for repairing machinery Rs. 30
12. Received cash form Ravi on account Rs. 400
13. Gave loan to Babu Rs. 500
14. Purchased goods from Sachin Rs. 400
15. Opened a bank account with Rs. 1000
16. Charged Mohan Rs. 50 commission for service rendered to him
17. Santosh paid the interest on loan advanced to him
18. Received loan from Manju Rs.10000
19. Office furniture stolen Rs. 500
20. Paid income tax Rs. 5000
21. Paid life insurance premium Rs. 300
22. Allowed discount to Babu Rs. 90
23. Discount received from Santosh Rs. 150
24. Amount charged by bank as bank charges Rs. 30
25. Railway fright paid on machinery purchased Rs. 100 | | 1 |
| Is Taxi bills allowed to claim the LTA? | | 1 |
| Is materiality by fund balance or transactions?
| | 1 |
| outstanding assests | | 1 |
| when Deferred Tax Asset & Deferred tax liability arises? | TATA | 5 |
| what do you understand by double entry system. | Fidelity | 4 |
| |
| For more Audit Interview Questions Click Here |
Did you received any Funny E-Mails from your Friends and like to share with rest of our friends? Yeah!! you can post that stuff 
Site Map
