Accounting General Interview Questions
Questions Answers Views Company eMail

total assets are equal to total liabilities in final accounts ?why?

354

What do you debit and credit if discount allowed is underrated?

241

Any body would tell me how to takeover withholding tax at the time of go live in sap fico

FIS,

292




how to treat investment fluctuation fund in case of death of a partner

703

cheque deposit is a contra entry?

489

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

246

Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!

295

In which term & condition excise invoice raises & for what excise invoice raise?

274




In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?

314

What is the difference between Accruals and Provisions?

Cap Gemini,

342

What is the difference between Finance and Accounts?

Cap Gemini,

1 666

What is the difference between General Ledger and Ledger?

Cap Gemini,

259

Prepaid insurance entry

Cap Gemini,

1 665

my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???

TAFE,

242

If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

243


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Un-Answered Questions { Accounting General }

1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?

5030


how to calculate forefeiture of share when over subcription

1068


what do you mean by Firm

310


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?

3408


what are doucement required under registration of properity firm. give the answer breif

762






payment voucher for advance salary

238


What is diffrence Between GPF and EPF?.. can anybody explain..?

905


what is difference among credit, loan, advance

684


how to calculate vat,pf,esi,service tax in corporate firm

844


what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance

811


1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...

3974


Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help

636


WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM

967


what is the procedure to appoint an Austrlian citzen as indian company director...

696


what is profitability ratio and dividend policy ratio

798