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Accounting General Interview Questions
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"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.

1193

can you give me debit n credit rules

3 3485

What is suspense account?

3 4599

WHAT IS THE DIFFERENCE BETWEEEN CASH FLOW STATEMENT AND FUNDS FLOW STATEMENT

1 3203

discuss depreciation and types of depreciation

2 2880

What are FCCB and IDR?

JPMorgan Chase,

1 4865

In Individual Accounting Capital comes under which head?

Infosys,

4 6412

How new/innavtive assets are to be treated under IFRS?

1016

paid in advance journal entries

3 3566

Goods destroy by fire-journal entry?

Syntel,

15 61982

What is the Journal entry of the Transaction -- The Horse bought on April 20 died , its carcase was sold for rs.50. also tell me what is treatment in P/L A/c and Balance Sheet.

ASDC, Financial Services,

4 15061

What is difference betwwn cheque & DD

2 3263

What is the meaning of contra entry

4 8260

We may get profit or loss from business. If so we can name the statement as Profit or Loss account. But since a long time we are naming it as Profit and Loss account. Why?

1 1814

What do you mean by Debit and Credit?

5 7897


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Un-Answered Questions { Accounting General }

Describe me accounting rules

1056


What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

1562


My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?

759


Are there any questions you would like to ask?

187


Define scrap value in accounting?

168






Capital reserve is - a) real account b) nominal account c) personal account d) none of them

49


whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf

954


journal entry for goodwill and capital bought by a new partner?

617


What are the purposes of maintaining control ledgers?

205


difition of reserve & surplus

1219


Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help

928


what is accounting cycle ?

3786


what is lease accounting?? please explain me....

1291


entry for cash received from debtors

665


If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B

3372