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Categories >> Accounting >> Accounting-AllOther
 
 


 

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Question
sir,
for exa.one salary for month rs.28000/- goss but he has no
pf and esi and pt deduct but he will pay only  rent
rs.8200/- per month and insurance 16500/- so now i deduct
from his salary tds
Rank Answer Posted By  
 Question Submitted By :: Guest
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Answer
16500
 
0
Rathin Baidya
 
 
Question
sir,
i am working in part time job in welding institute in that
some expenses will come cylinder and scrap material and rods
w (welding) these all are direct expense or indirect
expenses , please explain
Rank Answer Posted By  
 Question Submitted By :: Kvenkat4
I also faced this Question!!   © ALL Interview .com
Answer
See...
I want to clear u tht 
Direct expenses are those which are directly related to the
job.Ex - Direct material,Direct labour,Direct wages..
Indirect expenses are those which are indirectly related to
the job.For ex - Salary of staff,other expenses etc..

1.Rods are direct expense for you as you are working in  
Welding institute....
2.Scrap is a production loss...
3.Cylinder is indirect expenses,if not related to welding
process......
 
0
Praveen
 
 
Question
what do you mean by suspense account?
Rank Answer Posted By  
 Question Submitted By :: And.paudel
This Interview Question Asked @   AXA
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Answer
suspense account is the temparary maintaning account 
if any over balances in trailbalance put into suspense 
account ,(means if any differences between credit and debit 
this different con put into suspense account).
 
0
Venky
 
 
 
Answer
suspense account is an imaginary opened for the purpose of 
tallying the trail balance.if the total of credit said of 
the TB is short suspense account is credited.
 
0
Tirumalesh
[Assurance Life International]
 
 
Question
what are the golden principle of accounting?
Rank Answer Posted By  
 Question Submitted By :: Anand Paudel
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Answer
there are three type of accounting they are 
1.personal account.
  debit the reciver.
  credit the giver.
2.real account.
  debit whats come in.
  credit whats goes out.
3.nominal account.
  debit all expenses and losses.
  credit all income and gains.
 
0
Shravan Singh
 
 
Answer
Golden Principles of Accounting  :

Personal A/c :  Debit the receiver and credit the giver.

Real A/c : Debit what comes in credit what goes out 

Nominal A/c : Debit all expenses and losses credit all 
incomes and gains .
 
0
Vinay
 
 
Answer
if personal a/c incresed than credit
if personal a/c decreas than debit
if real a/c incresed than debit
if real a/c decreas than credit
if nominal a/c incresed than credit
if nominal a/c decreas than debit.
 
0
Maikulal
 
 
Question
What is an internal invoice?
Rank Answer Posted By  
 Question Submitted By :: Sac
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Answer
Internal invoices : It is an invoice issued between the 
parties as evidence of the `transaction', as in any 
conventional accounting system
 
0
Krish
 
 
Question
What is meant by sensex?
Rank Answer Posted By  
 Question Submitted By :: Prasanthi
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Answer
sensex refer to the sensitive index it is a index of BSE in 
sensex 30 listed companyes.
 
0
Rajmfm Svu
 
 
Answer
Literaly sensex refers to sensitivity of index.It reflects 
the market capitalisation(MC) of 30 blue-chip companies 
listed in Bombay Stock Exchange 

suppose now sensex is 10000.That means it is 100 times as 
compared to it's inception(base year)
 
0
Rajat Kumar Kar
 
 
Question
What is the safety of margin?
Rank Answer Posted By  
 Question Submitted By :: Sandeep Chauhan
This Interview Question Asked @   Lloyd
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Answer
In simpler words, if a company 'X' has interest charges of 
Rs 10 per annum, it should make Rs 50 as profit before tax 
for its bonds to qualify as investment grade instruments. 
The excess of profit after paying interest provides a sense 
of comfort for investors. And this is called the 'margin of 
safety.' This acts as a protection to investors against any 
loss in the event of some future decline in net 
profits.safety of margin is also called margin of safety.
 
0
Reni Mathew
 
 
Answer
it is defferent between bep sasel and actual sases
 
0
Venakatesh
 
 
Question
what is the meaning of bills payable and bills receivables?
Rank Answer Posted By  
 Question Submitted By :: Guest
This Interview Question Asked @   TATA
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Answer
bills payable means, when the firm made credit purchases at 
the time creditor write bill on the firm that amount , firm 
and creditor both are accept. the is called bills payable.
bills receivable means like wish here firm write the bill 
on debtor at that amount pay to this will pay in future 
this is called bills receivables.
 
0
Venky
 
 
Answer
Bills Payable:the outstanding unpaid notes or acceptances 
made and issued by an individual or firm.

Bills receivable: the unpaid promissory notes or 
acceptances held by an individual or firm.
 
0
Sheela
 
 
 
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