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Accounting General Interview Questions
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types of account

1 2508

Given the following entries from a TRIAL balance, what entries would fall where in a Balance Sheet & an Income Statement? Accounts receivables Merchandized inventory stores supplies office supplies prepaid insurance accumulated Dep accounts payable sales salaries advertising expense Miscellaneous expense Office salaries expense rent expense Depreciation expense Insurance expense Bad debts expense Allowance for doubtful debts Supplies expense

1 2531

Honda car dr 11556 purchase 25/08/2010 to bank cr 4100 to loan cr 7456 Installment paid upto 31/7/2012 @ 207/-pm (total 4761/-) Loan Bal. 2695/- Car was cancelled due to accident in June-2012. Finance company refunded 6656/-(15/08/2012) Total accumulated depreciation was 5202.318. what will be the Car write-off entry..??

2 2701

Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.


2 4012

what do you mean by the word Purchase

Capital IQ,

3 5238

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



what is use of cost center category in tally ? why & when use this ? what is benfit ?


what is difference between single ledger & multiple ledger with solid example .beacuse i am slow learner .


1 21837

what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.


The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.


Goods lost in accident what entry should be made?

2 4181

what is the meaning of revenue income and revenue expenditure

1 1662

what are the voucher entries of gratuity in tally

3 16546

what are the voucher entries in tally for medical insurance



what are voucher entries for EPF treatment in tally


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Un-Answered Questions { Accounting General }

Tell us what is icai?


What is the entry to be passed on receiving the tds certificate in the books of the deductee?


bookkeeping, and accountancy,purchase procedure , Educational institutions ;, secretarial practices, Administratire and Academic rules and regulations in Government offices, Academic institutional , computer skils. etc


in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.


Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?


say something about your school


What is the procedure of submit bank guarantees and cancellation.


what is valuation code and valuation modifier in sap fico


How to prepare HSD statements in tally


please explain all accounting concepts n conventions in detail


Explain what qualities and skills make an account manager successful?


What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?


what are the voucher entries in tally for medical insurance


GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?


What are trade bills?