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Categories >> Accounting
 
  Audit (92)  CompanyAffairs-CS (44)  Taxation (225)  Accounting-AllOther (1110)
 


 

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Question
Tell me how many taxes applicable in a Company and How can 
I calculate ?
Rank Answer Posted By  
 Question Submitted By :: 20-7-2007
This Interview Question Asked @   Travel-Plan
I also faced this Question!!   © ALL Interview .com
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 

 
0
Vinoth Kumar
 
 
Question
How can I calculate TDS AND FBT tax for a Travel Company?
Rank Answer Posted By  
 Question Submitted By :: 21-7-2008
This Interview Question Asked @   Travel-Plan , Real Estate
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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
 
0
Mohd. Sikander
 
 
Question
Wat is pivot table
Rank Answer Posted By  
 Question Submitted By :: Guest
I also faced this Question!!   © ALL Interview .com
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.
 
0
Shivappa
 
 
 
Question
What are the general ledgers
Rank Answer Posted By  
 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. ...
 
0
Mohd. Sikander
 
 
Answer
Purchase Ledger, Sales Ledger, Cash/Bank Book, Petty Cash 
Book, Debit Note Ledger, Credit Note Ledger
 
0
Aniruddha Bose
 
 
Answer
it may contains all residual accounts mainly real and
nominal accounts
 
0
Umesh
 
 
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?
Rank Answer Posted By  
 Question Submitted By :: S.vincent
I also faced this Question!!   © ALL Interview .com
Answer
THE NEWLY EXSTABLISHED COMPANY SHOULD BE A SISTER CONCERN 
OR A SUBSIDIARY OF AREPUTED COMPANY
 
0
Sachin
 
 
Question
if we are purchase in 4% vat tax than can we deduct tds
Rank Answer Posted By  
 Question Submitted By :: Anand
I also faced this Question!!   © ALL Interview .com
Answer
no tds will not to be deducted becoz tds only deducted on 
job work not on the purchase....
 
0
Ajay
 
 
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 ?
 
0
Bharat K
 
 
Question
Diffrence between cost, financial and management accounting
Rank Answer Posted By  
 Question Submitted By :: Guest
I also faced this Question!!   © ALL Interview .com
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.
 
1
S.pavan Kumar
 
 
Question
what is accounting standard?
Rank Answer Posted By  
 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.
 
2
Mohd. Sikander
 
 
Answer
A common standard for accounting and reporting. Accounting 
Standards contain the principles governing accounting 
practices and determine the appropriate treatment of 
financial transactions.
 
4
Juvlemm
 
 
Answer
totally there are 29 accounting standards. accounting 
standards are laid by the indian institute of chartered 
accountants which should be followed strictly
 
2
Shirish
 
 
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.
 
2
Bipin Kumar Jain
 
 
Answer
acounting standards are the standards which were given by 
the a/cing standard board presently there are  33 a/cing 
standards
 
0
Ravi
 
 
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.
 
1
Keyur Manvar
 
 
Answer
A common standard for accounting and reporting. accounting 
body relating to various 
aspects of measurment, treatments and disclosure of 
accounting transaction and events
 
1
Babu
 
 
Answer
An accounting standard means a girl fucked by a group of 
boys....
 
0
Swati Dhaka
 
 
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
 
0
Sultan Singh Rathore
 
 
Answer
Accounting standard are make by ICAI. They are fourteen.
Every decisions or entry take by in this.
 
4
Umesh Tayal
 
 
Answer
WITH THE HELP OF ACCOUTING STANDARDS ONLY WE CAN TREAT ALL 
THE FINANCIAL TRANSACTIONS. AS PER MY KNOWLEDGE THERE ARE 
24 ACCOUNTING STANDARDS.
 
0
Sreedevi
 
 
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
 
1
Kanika
 
 
Answer
Accounting standards are the guidline prepaired by the 
Institute of Chartered Accountant of india to make 
financial transactions in same maner.
 
0
Kiran
 
 
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.
 
0
Abhishek Bansal
 
 
Question
what is the difference between cash system & mercantile 
system
Rank Answer Posted By  
 Question Submitted By :: Ruas2007
This Interview Question Asked @   Mico
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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
 
0
Avinash.avala
 
 
 
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