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Accounting General Interview Questions
Questions Answers Views Company eMail

purchasing of software more than Rs.8000/- will be treated as expense or assets

ASD Lab, Dominos,

9 11299

are tpt, freight & packing charges part of sales & purchase ??

2114

My question is- are tpt,freight & p & f charges part of sales & purchase when it include in invoice. suppose if goods value 20000 freight chrg 425.00 total sales will be 20425 or only 20000.00 how it will effect ?? pls clear

2 15447

what is tax invoice and retail invoice

IBM,

2 12021

Balance Sheet comes under which account? a)personal a/c, b) real a/c, c) nominal a/c

4 10213

what is the journal entry of payment received after deducting tds?

4 12971

what is accounting

5 6895

CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000 THE CHEQUE DISSONORED WHAT ENTERY THIS TRANSACTION

IBM, OPI Global,

16 18040

what will be the possible question for an interview in account post as a fresher

1944

What is the journal entry for goods sold to Mr A in 1 month credit of rs 5000. and also pass entry for non repayment of money after 1 month by Mr A. (What entry will come for this?)

Airtel, Siemens,

3 13785

what is the capital expenditure

Micro Labs,

3 6665

What is difference between Cash Flow and fund flow

2027

A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.

1983

A company has not deposited TDS since April 2010 till 31-12- 10. TDS amount is around 3.00 Lacs per month u/s 194c,J and 1.00 U/s 192. Can any one tell concequences and chart in excel sheet how much to be deposited as on 31.12.2010 with interest. For each quarter - whether interest calculation is separate or to take it cumulative. pls explain with qanswers and hoe much panely , interest to be paid till 31.12.2010 also inform the status of tds certificates to be issued and panelty for the same for late issuance. i.e what shud be the date of issuing the certificates to public & empoloyees.

1 3202

What is the meaning of deferred revenue and expenditure, give examples

Bank Of America, Capital IQ,

2 12429


Post New Accounting General Questions

Un-Answered Questions { Accounting General }

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.

2240


we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

1677


Explain what is balance sheet?

1041


what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?

4299


Explain what are the accounting events that are frequently involved in compound entries?

1147


Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%

1756


Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????

1611


What is peach tree accounting?

1077


Differentiate accounting and auditing?

1098


Under what type of account do the unearned revenues fall?

988


What is a trial balance in accounting?

1056


when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier

1815


When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.

1912


all ques. related to accounts?

2126


What is the fictitious assets?

1076