Accounting General Interview Questions
Questions Answers Views Company eMail

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

1382

If A car in Name of company got damaged. and total amount of its repairing is 15,000/- and insurance company give me 10,000/- of it. Balance amount we paid through bank or cash .Then What is the entry for this in books.Kindly mention Ledgers with their respective Group Head.

2 3394

What is unabsorbed depreciation ? how its treatment different in taxation vis-a-accounting?

D&B,

1 7579

Paid Transportation Which type of expenses these expenses

2 3325

How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??

4853

how will you adjust voluntary seperation payment in cash flow statement

1592

Capital Redemption Reserve fund and its uses.

Genpact,

1 30696

Valuation of Goodwill and calculation!! question asked in many companies,try to remember the methods..

Amex, FinnAir,

1 9527

What is the difference between Economics and Finance?

Deloitte,

1857

Difference Between Economics and Finance

Deloitte,

1 5443

Difference Between LBO and MBO?

2 15055

REPORATE

Bank Of America,

2 4319

Plastic money

Bank Of America,

3 17301

BANK

Bank Of America,

2 3563

ACCOUNTING CONCEPTS AND CONVENTIONS

Bank Of America,

4 7994


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Un-Answered Questions { Accounting General }

HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?

1521


which type of questions did HR Manager ask and what are the answers

1633


My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance

1388


why i want to join Hawkins company

1783


Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored

511






What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance

5764


goods worth rupees 440 distributes free among the poor?

1577


What is a cpa?

678


What is mean by Asset area?

1763


Private purchases amounting to rs 5000 have been debited to purchases account

977


explain me what steps would you take to increase revenue for this company?

560


In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/

1166


what do you mean byrecoupment of shortworkings in royalty accounts

3306


Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

5876


Is an "account receivable" and "goodwill" real accounts in accounting?

566