Accounting AllOther Interview Questions
Questions Answers Views Company eMail

what is entry for depreciation?

Genpact, IBM, Maersk, OPI Global, Wipro,

44 69643

Why the closing stock will not appear in the Trial Balance?

2 4687

what is the procedure to charge depreciation under provision method? please pass the journal entres showing provision method of depreciation.

1 3865

what is the deadline of filing tds return of salary & other than salary ? how to prepare quartterly return file of tds ? please explain in details.

4 8577

what is actual meaning of Tax Deduction at source

Genpact,

10 19879

what is the meaning of fbt? tell me diffrent type of fbt rate? & when it will consider in accounting?

2 8434

what is direct tax or inderect tax? all uses form with fill up full?

3 5324

What is the three rules of Account & what is debit and credit

CA,

8 6855

If I purchased a machinary of Rs. 50,000 and Received a free printer of Rs. 3000 . What its Accounting entry?

15 25652

what is the difference between direct income and indirect income. pleases explain with example.

Deepak Enterprises, HJ, Power Packaging,

18 198164

what is finance

Genpact,

6 6271

In direct and indirect expenses we know direct means expenses incured durning prodution process, indirect means expenses incureed after prodution process, apart from manufacturing concern , what do mean by direct & indirect expenses.

3 5605

what is the meaning of interim period?

2 7115

what is a JOURNAL ENTRIES FOR ISSUING A dabit NOTE

10 14968

what is net turnover and how to calculate?

2 10820


Post New Accounting AllOther Questions

Un-Answered Questions { Accounting AllOther }

I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

1647


What is Home Loan Modification?

1689


fill in the Blanks Share Holders in Company have _____________Liability

1510


What is Provision for expenses?

1769


2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account.

1788






Define The Term Journal And Explain The Present Day Use?

1888


You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

1809


distinquish between liquidity ratio and asset management ratio

1413


why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?

1677


Name some errors which can be detected by Trial Balance

1658


What do you know about hyd? Tell something about hyd?

1824


What type of questions in accouting point of respect they ask genrally plz help me find out this.

1566


What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry

1553


Being BE student why you want to join bank?

1854


what is the organisation chart for accounting and finance ?

1898