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Accounting General Interview Questions
Questions Answers Views Company eMail

Golden Rules Accounts (15th nov-2009)

Ernst Young,

8 13143

What is the meaning of GAPP?

Ernst Young, Inventory,

12 22101

Credit purchase entry

Ernst Young, FIC,

10 16537

What is band and why the company needs this?

2083

What are the differences among band,debenture and share ?

3 6528

where should the closing stock amt will effect in p & l & in b/s

Google,

8 14587

any body pls. tell me, if we purchase with credit card how to take into tally ( and) comes under which group for credit card purchases

2 8204

how to pass journal entries for recivables & payables if they are paid next asses year

MAHINDRA,

3 37419

how long we keep invoices for recivables and there is any neccesary to keep delivery challans

2 5257

What will be journal entry of cost of goods sold.

Cura HealthCare, Ernst Young,

21 44773

how to get a job in stock markets for MBA-FINANCE?

ME,

2115

What is the prior period item ? and please give some examples with entries and that account head come under which ledger(creation of ledger)

3 9632

example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.

2255

what will be the entry for recivables at 31 st march and if they are paid after 1 month then what is the entry

TCS,

2 5972

if we paid the amount through credit card what will be the entry and credit card purchases under which group

2 4709


Post New Accounting General Questions

Un-Answered Questions { Accounting General }

salary and rent entry with tds deduct

1773


how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.

1646


Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.

2367


Mention the types of ledgers?

1212


What is the use of 2a, 2b & 2c form in CST ?

2588


If a prospective client kept presenting you with excuses not to buy, what would you do?

1211


What is the use of accounting?

1153


what is ment by suspence account and dummy account

2042


what is the enty for contract bill raised?

2480


bank jobs

2199


What is the difference between accrual

2156


whether allowances will be included in calculating esi from gross salary

2239


2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.

2327


Do you know what is project implementation?

1072


Is it compulsary to give TOEFL for applying US visa.

2149