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Accounting General Interview Questions
Questions Answers Views Company eMail

Explain what is ledger?

1093

Mention in simple terms what is the difference between asset, equity, and liabilities?

995

What is the master account?

1026

Is the shadow balance present in bank account always credited or bank may reverse it as well?

1085

What is the difference between perpetual & periodic inventory system?

1051

What are mis reports?

1124

What is account payee cheque? Expand ctc cheque?

1188

Account for letter of credit in the books?

1128

What is the fictitious assets?

1119

Expand ctc cheque?

1032

How to make a vat entry in books including setoff?

1003

What is the difference between a provisions and reserves?

1054

What is short term solvency ratio?

1060

What are mis reports and how do you prepare it?

1036

What is recording damage inventory in books of account?

1054


Post New Accounting General Questions

Un-Answered Questions { Accounting General }

what is consignment entry?

2257


formula of reduction in tax credit of vat form 201(gujarat)

4235


What is use of statistics in accounting?

1071


Tell me what are the three factors that can affect your cash flow and business profitability?

1033


2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.

2280


What is accrual accounting?

1275


How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?

2545


Explain purchase day book.

1101


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?

7890


Tell me how can you explain the basic accounting equation?

1067


I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this. Wipro Limited Dear candidate Your Resume has been selected by ( Wipro Limited). I have attached your Interview Process letter with this email. Kindly see the attached file. Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm, Company Website – www.wipro.com Note - And more details you send a email Company Email Add – career@wiprolimited.in Best Of Luck For More Details Please Click Here Wipro Limited

1955


What is capital adequacy ratio? What is demat account?

1083


In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.

2219


HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT

1948


Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.

909