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Accounting General Interview Questions
Questions Answers Views Company eMail

what comes under real account?

CS Engineering, SK Accountant,

3 10360

if sale is rs 500000 lac and book profit is around 40000 thousand, what is the procedure to pay salary to working partner.should is pay as per deed or should i go with slab in which i can pay 90% of book profit as salary

1 3750

Which steps in Procurement to Pay process does FI documents get created.

2151

What is a Goods Receipt

1 3848

Explain the Invoice verification process

2820

What is an Automatic Payment Program ?

2166

How do you add/remove a payment block for particular invoice ?

2237

What are negative postings?What are Credit memos ?Payment Requests ?

2186

Why is an ‘Alternate Payee’ used

1 3224

What is ‘Dual Control’ in Master Records?

1 4072

the client has running his business in a rental building and he built new room in same place with own money. can we use the expenses of new room in profit and loss a/c

1 5187

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

2594

if a company purchased measurement tape for office use .. it comes under which expense head 

2 10470

what are the limitations of accounting conventions

2603

If a company Purchased Cotton Waste.. it comes under which expense/ how to treat in account

3 10582


Post New Accounting General Questions

Un-Answered Questions { Accounting General }

what is a register when referring to accounting or bookkeeping?

1037


HOW CAN WE CONVERT IN CFT TO A ROUND LOG??

1924


WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.

3467


HI I AM WORKING IN A INTERIOR DESIGNING COMPANY.WE ACTUALLY GET PROJECTS FROM CLIENTS & WE SUBCONTRACT THE WORK WE USUALLY SUBCONTRACTS THE SUPPLY OF LABOUR & SUPPLY OF MATEIALS TO SUBCONTRACTORS.WE DONT HAVE LABOURS OF OUR OWN & ALSO PRODUCTION OF MATERIALS.HOW CAN I TREAT THIS IN TALLY IS THERE ANY OPTION AVAILABLE IN TALLY FOR SUBCONTRACTING OR SHALL I ENTER THE NAME OF SUBCONTRACTORS AS SUNDRY CREDITORS AS WE DO USUALLY IN TALLY.PLEASE DO LET ME KNOW ABOUT THIS 0554125475 IS MY NUMBER

2111


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?

6602


what is the meaning of banking

2218


Explain the meaning of long-term notes payable is or long term liabilities?

1272


What are time sheets?

1134


How Can We Differ Horizental & Vertical Balace Sheet? Explain.

1892


What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?

3515


lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples

2086


How to pass an general entry for materials which are stored in warehouses??????

2339


What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.

1970


When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.

2116


'Talk me through an example of how you have used data to improve your teams productivity.'

2567