Accounting General Interview Questions
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Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me

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At the end of financial year need to verify the all entries in the books of accounts

CTS,

1 2006

the following information wads extracted ffrom the book of a business man :debtors as on 31/12/1987 $25000 bad debts during 1987 $1000.provision for doubtful debts is to be maintained at 5%. a provision for discount is also at 2%. you are required to calculate the amount set aside in respect of provision for doubtful debts and provision for discounts on debtors respectively

1 2090

What is the actual meaning of Ledger Account?

1 2273

How many indian accunting

2 2474

What accounts are to be debited and credited in this case o

1282

The Trial balance will show only the Opening Stock & Purchase for any given period, but for Profit and loss, we have to calucate the Opening + Purchase – Closing stock ?

1 1866

what is suspense account in tally.

ICH,

2 3548

if i am getting 165000 than should i dedected on my salary or not?

3 2936

Is the Bills payable is personal account ?

Income Tax, Josts Engineering Company,

2 2349

Why an Expenditure is called Differed?

Accenture,

1494

During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.

1204

purchases goosd in cash rupees 6500

TCS,

2 2592

Home furniture sold goods to Jhon for 150000 on 10th march 2015, due to damage occured in transmit rs 20000 worth of goods have been returned on 16th march 2015. What is the journal entry for both the instances ?

NA,

2 2253

We purchased material from other state against C form. Here in invoice Basic price value - Rs 100000 Cst 2% - Rs 2000 and transportation charges - Rs 8000 Total bill value - Rs 110000. But in C form How much amount we have to give? 100000 or 102000 or 110000 I am waiting for your valuable reply, advance thanks.

Pharma,

1 1722


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Un-Answered Questions { Accounting General }

1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-

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Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss

1775


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

1377


What do you mean by gaap in accounting?

604


wht is different between defered tax liablities and defered tax assets??????

1290






WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?

1318


Tell me the types of accounts involved in double entry book-keeping?

595


Define public accounting?

620


i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir

1323


rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.

1596


is WCT aplicable on educational institutions also??????

1381


Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?

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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

1390


Explain an example of a tough decision you had to make quickly?

595


while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?

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