Accounting General Interview Questions
Questions Answers Views Company eMail

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

457

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

300

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

FIS,

336




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

909

cheque deposit is a contra entry?

701

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

301

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

358

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

328




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

371

What is the difference between Accruals and Provisions?

Cap Gemini,

400

What is the difference between Finance and Accounts?

Cap Gemini,

1 780

What is the difference between General Ledger and Ledger?

Cap Gemini,

312

Prepaid insurance entry

Cap Gemini,

1 770

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,

296

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

299


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Un-Answered Questions { Accounting General }

capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?

420


The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).

893


what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..

3019


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

765


what are the steps for the payment cycle of the firm or company?

936






how to upload ledgers in excel or word document

898


How to pass journal entry of gifts purchased for employee by using campany ATM card

141


RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above

904


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?

1670


What are the methods used in different industries for labor and non-labor costs in Projects.

934


I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

599


how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter

456


we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?

804


April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

242


what is t code of all expences general legder?

920