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Accounting General Interview Questions
Questions Answers Views Company eMail

What is the general entry for charge on bank overdraft

795

What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?

Faber Castell,

893

What is the journal entry of building rent and TDs payment?

884

Who is the sundry creditors

930

PAID TO SALARY FOR JASIL 1500.JASIL LOAN 500

1 1123

When we paid TDS on commission how will journal entry come

725

How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.

991

why creditors a/c dr. to discount received a/c ?

834

credit card expenses entry kisme pass karenge

743

credit card all entry pass in tally

889

What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?

962

You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically

IBM,

775

What is difference between Lorry Receipt and Docket Number

Infosys,

2366

if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

962

In accounting equation what is the treatment of investment in shares??

917


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Un-Answered Questions { Accounting General }

what's the difference between impress cash account and petty cash account

1000


What is compound journal entry?

495


What does the abbreviation m mean in accounting?

490


what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716

2875


how to assign the cost center to GL Account in SAP (FICO)

2058






The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.

1145


MEANING OF RED HERRITING

1873


Explain what is bank reconciliation?

3245


What do you mean by material facts in accounting?

481


HOW CAN I OPEN A CC A/C ? WHAT ARE THE MINIMUM REQUERMENT TO OPEN A CC A/C ? WHAT ARE THE FACILITY OF A CC A/C IN THE BUSINESS FIELD ? WHAT ARE THE BANK CHARGES AND INTEREST IN CC A/C ?

2043


whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf

1179


Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?

1789


when dissoluction of firm why investment flchuationfund subtrect from book value

1345


what are the direct expense of loan department in banks.

858


Explain me some of the examples for liability accounts?

462