Accounting General Interview Questions
Questions Answers Views Company eMail

What is the diffrence between Suspense a/c and imprest a/c

2 8368

hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer

1544

why land is not depreciated.........?

HP,

9 12615

how we enter insurance claim entry in tally

Unibiz,

4 30641

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what is the entry in tally?

Genpact,

8 8185

u paid cash to supplier in advance for purchasing goods in future? so what will be the entry in tally?

5 6177

how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..

3721

Difference between outstanding income and accrued income?

8 29682

golden rules of accounting

2 4729

Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?

1564

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?

IIRM,

5932

Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

2309

Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

3137

If we don't use Contra Book, instead which book is to be operated CASH BOOK or BANK BANK for: e.g.Cash withdrawl from Bank or Cash deposited in Bank

1 3061

net worth is: 1)total assets less outside liabilities 2)total liabilities plus owner equity 3) current assets less current liabilities 4) total accumulated profit less liabilities choose correct and with deatail.

3 29435


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Un-Answered Questions { Accounting General }

What is the difference in accounting and marketing?

616


How to group the companies in tally?

1554


Who uses accounting?

687


professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally

1013


Mention whether the account "cash" will be credited or debited when a company pays a bill?

668






rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.

1610


At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?

1921


Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?

1461


what is the due date of 28th feb

1849


Tell me the meaning of long-term notes payable is or long term liabilities?

584


For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

1366


how to reduce the interesting giving to debts ?

1664


examole of cash to cash contra entry

1817


What is a ledger?

626


What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.

1750