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Accounting General Interview Questions
Questions Answers Views Company eMail

i, transfer to capital redemption reserve is not allowed from A, GENERAL RESERVE B, PROFIT PRIOR TO INCORPARATION C, RESERVE FUND D, NONE OF THE ABOVE

1 10965

3, SURVEY EXPENSES FOR MARINE INSURANCE CLAIMS MUST BE A, addedto claim B, added to legal charges c, added to administrative expenses d, none of the above

1 7296

iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above

2005

v, An amount spent for inaguration of new factory building is A, revenue expenditure B, capital expenditure c, prepaid expenditure d, none of the above

1 9209

6, state with reasons wheather the following items are capital expenditure or revenue expenditure i, A factory building was constructed at a cost rs 1500000 a sum of rs 64000 were incurred for the construction of huts for storing building materials ii, rs 5000 paid for removal of stock to a new site iii, expenses incurred in connection with obtaining a license to start the business were rs 15000

1 3698

What is mean by Asset area?

HP,

2250

What are the effects when intangibles and tangible assests decrease

2156

what is the eatery for the prepaid expenses Eg: prepaid rent

Amazon, C1 India,

4 7615

If a paid to b rs.1000 on behalf of c what is the entries in The books of a,b,c pls pass the entries

ABC, Accenture, Genpact, Goldman Sachs, JPMorgan Chase, Okaya, Triburg,

9 69341

What are Wash accounts and suspense accounts and how do they operate?

Infosys,

1 36597

What is the golden rule of General Ledger?

IBM,

2 8606

Why company use sap?

1 3737

Jurnal for interest chrgd by bank- Interest a/c dr To bank Bank is real a/c Que is why bank is credit as d rule is dr d reciever

Wipro,

3 5388

over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured

2741

what is sundry debtors and creditors?

3 6256


Post New Accounting General Questions

Un-Answered Questions { Accounting General }

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.

2015


while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2411


What is balance sheet and off balance sheet?

1086


i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD

1868


How do I record a prior year property tax refund on sale of asset due to overvaluation

1467


when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions

1958


What is the purpose of financial statements?

1074


What do you think is a bank reconciliation statement?

1065


as  per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary

2541


Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

2035


what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?

2049


purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law

1822


What is fair value accounting?

1094


Who uses accounting?

1142


What is batch input? why we use batch input session in SAP(FICO)?

5373