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| Question |
Tell me how many taxes applicable in a Company and How can
I calculate ? |
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Answer Posted By |
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Question Submitted By :: 20-7-2007 |
| This Interview Question Asked @ Travel-Plan |
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I also faced this Question!! |
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| Answer | In the Company there are 3 types of Taxes are applicable
They are,
> VAT ( Value Added Tax) @ 4% With in State
> CST ( Central Sales Tax)@2% Outside the State
> Income Tax @30% from Net Profit (After partners
renummeration's)
> You may also Collect TDS from your Creditors While making
payment & Pay it to IT Dept. Montly
> Service Tax
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| Vinoth Kumar |
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| Question |
How can I calculate TDS AND FBT tax for a Travel Company? |
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Answer Posted By |
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Question Submitted By :: 21-7-2008 |
| This Interview Question Asked @ Travel-Plan , Real Estate |
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I also faced this Question!! |
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| Answer | Calculation of TDS
01: Calculate the total amount payable for the bill amount
02: Deduct the amoutn @ 2.06% as
Income tax @ 2 %
Edu. cess @ .04 5
HSEC @ .02 %
03: Make the payment by rest amount after deducting the tax  |
| Mohd. Sikander |
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| Question |
Wat is pivot table |
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Answer Posted By |
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Question Submitted By :: Guest |
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I also faced this Question!! |
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| Answer | Pivot table is calculation of format in excel, this is all
formally come under this pivot table (i.e vlookup, sum,
hlookup, average and if formally) it is show only microsoft
excel,data,pivot table and chatreport.
shivappa.
If is wrong answer please ignore and update your answer.  |
| Shivappa |
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| Question |
What are the general ledgers |
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Answer Posted By |
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Question Submitted By :: Anil |
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| Answer | Ledger in which all the assets, liabilities, net assets,
revenue and expenses with thier Dr and Cr balances are
posted and with the help of thses balances the financial
statements are prepared. ...  |
| Mohd. Sikander |
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| Answer | Purchase Ledger, Sales Ledger, Cash/Bank Book, Petty Cash
Book, Debit Note Ledger, Credit Note Ledger  |
| Aniruddha Bose |
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| Answer | it may contains all residual accounts mainly real and
nominal accounts  |
| Umesh |
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| Question |
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? |
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Answer Posted By |
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Question Submitted By :: S.vincent |
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I also faced this Question!! |
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| Answer | THE NEWLY EXSTABLISHED COMPANY SHOULD BE A SISTER CONCERN
OR A SUBSIDIARY OF AREPUTED COMPANY  |
| Sachin |
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| Question |
if we are purchase in 4% vat tax than can we deduct tds |
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Answer Posted By |
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Question Submitted By :: Anand |
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| Answer | no tds will not to be deducted becoz tds only deducted on
job work not on the purchase....  |
| Ajay |
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| Answer | can we deduct tds on any types of Vat bill ?
if i have done some printing work
& they issue a bill of printing with including Vat
so what can i deduct TDS ?  |
| Bharat K |
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| Question |
Diffrence between cost, financial and management accounting |
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Answer Posted By |
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Question Submitted By :: Guest |
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| Answer | FINANCIAL ACCOUNTING deals with preparation of trial balance,
trading a/c and p& l a/c & balance sheet,so that it would be
helpful to the outsiders and share holders to exactly know
the financial position of the company.
COST ACCOUNTING deals with costs occured by the company and
the means by which unnecessary costs could be reduced.
MANAGEMENT ACCOUNTING means providing internal information
to the management which would be useful to the organisation
in making decisions like expansion of branches.  |
| S.pavan Kumar |
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| Question |
what is accounting standard? |
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Answer Posted By |
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Question Submitted By :: Azam |
| This Interview Question Asked @ Genpact , Abc Ltd, TCS, Explain Financial Lease |
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| Answer | Accounting standerds are the subject of guidlines issued by
the Institute of Chartered Accountant of india in respect
of financical transactions.  |
| Mohd. Sikander |
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| Answer | A common standard for accounting and reporting. Accounting
Standards contain the principles governing accounting
practices and determine the appropriate treatment of
financial transactions.  |
| Juvlemm |
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| Answer | totally there are 29 accounting standards. accounting
standards are laid by the indian institute of chartered
accountants which should be followed strictly  |
| Shirish |
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| Answer | it is a set of accounting principles dealing with a
particular subject matter.it is drafted by accounting
standard board and issued by institute of chartered
accountants of india.  |
| Bipin Kumar Jain |
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| Answer | acounting standards are the standards which were given by
the a/cing standard board presently there are 33 a/cing
standards  |
| Ravi |
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| Answer | Accounting Standards are the policy documents issued by the
recognised expert accounting body relating to various
aspects of measurment, treatments and disclosure of
accounting transaction and events.  |
| Keyur Manvar |
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| Answer | A common standard for accounting and reporting. accounting
body relating to various
aspects of measurment, treatments and disclosure of
accounting transaction and events  |
| Babu |
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| Answer | An accounting standard means a girl fucked by a group of
boys....  |
| Swati Dhaka |
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| Answer | a selected set of accounting policies or board guidelines
regarding the principal and method to be chosen out of
several alternatives this are laid by icai there are 29
accounting standards  |
| Sultan Singh Rathore |
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| Answer | Accounting standard are make by ICAI. They are fourteen.
Every decisions or entry take by in this.  |
| Umesh Tayal |
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| Answer | WITH THE HELP OF ACCOUTING STANDARDS ONLY WE CAN TREAT ALL
THE FINANCIAL TRANSACTIONS. AS PER MY KNOWLEDGE THERE ARE
24 ACCOUNTING STANDARDS.  |
| Sreedevi |
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| Answer | Some accounting standards are:
1. Seperate entity
2. Dual entry
3. Going concern
4. Accounting period
5. monetary measurement
6. cost concept i.e. recording assets on purchase price not
on market value
7. Revenue recognition i.e. entry of a tranaction in books
at the time of accrual not at time of payment or receiving
8. matching methood, Bifurcation of items as direct on
indirect between trading & p&L a/c
9. Accrual concept
10. consistency in using the rules & methoods of accounting  |
| Kanika |
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| Answer | Accounting standards are the guidline prepaired by the
Institute of Chartered Accountant of india to make
financial transactions in same maner.  |
| Kiran |
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| Answer | Accounting standards are the principles through which we
represents our accounting in a uniform manner.it is a
proper means to represent our financial statements.so that
the users of financial statements can access and
understands the financial stements.  |
| Abhishek Bansal |
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| Question |
what is the difference between cash system & mercantile
system |
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Answer Posted By |
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Question Submitted By :: Ruas2007 |
| This Interview Question Asked @ Mico |
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I also faced this Question!! |
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| Answer | If cash is received then recorded in the books irrespective
of period - In case of cash system.
If the transaction is related to the period irrespective of
cash received or not then it is recorded in the books - In
case of mercantile system  |
| Avinash.avala |
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