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Accounting General Interview Questions

Labour charges paid to labour party on tds rate ? May be deductable ? Example Iron purchase 16.500 mt. Per ton broking charges 200.00

1148

What is Accruals ? How it is treated in finacials

MRF,

1768

what is the purpose of preparing Bank reconciliation ?

ABC, CAFS,

2985

We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry cash A/c Dr 500 customer A/c Dr 630 To Sales 1130 is this entry is correct ?if not please give me exact entry

1549

hello please anyone can help me, how to prepare the bank reconciliation statement?

1370

what is deemed assesse?

1807

Period I :- Sales= Rs 15000. Profit= Rs 400. Period II :- Sales= Rs 19000. Profit= Rs 1150. Calculate : a) P/V ratio. b) Profit when sales are Rs 12000. Cc) Sales required to earn a profit of Rs 2000. d) Margin of safety in period II. e) variable cost in period I.

1824

how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you

773

what is accounts payable ..what is accounts receivable

1617

wages and labour entry

1255

excess cash withdraw from bank for staff salary than remain amount deposited into bank., what will be journal entries for above transactions

2066

how to enter in tally propritor has withdrawl cash from the business

1486

Definition of accounts payable

3210

I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.

882

difference between outstanding and accrued exp.?

2032

Un-Answered Questions { Accounting General }

What is the provision?

157

Revenue Expenditure

1134

What are assets minus liabilities?

170

Tell me what is the abbreviation for the accounting terms debit and credit?

150

What are mis reports?

197

wat is mass allocation and when it is used

1133

What is the distinction between cost accounting and management accounting?

158

177

sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?

1242

Anti Takeover policies

1124

"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.

1159

1031

What are the advantages of double entry system?

176

Recent banking question for 2015 interview for scale2 exam of sbm

1001

Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.

783