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Accounting General Interview Questions
Questions Answers Views Company eMail

what is accrual concept?

Capital IQ, Genpact, TCS,

7 10861

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

928

ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO SELLER. WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.

7 8755

Is it compulsary to give TOEFL for applying US visa.

US Consulate,

1184

who issues the accounting standards?

ABC,

4 4152

What is the Rate of VAT applicable on Electronic & Electrical goods?

6 24019

What is the journal entry for paying 50000 rs. To xyz co. For professional fees after deducting tds on that.

Genpact,

7 26213

I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

975

sir if we make purchase and sale for the same pary for the same amount what adjusting entry have to be passed to close that entry in tally. while taking bill wise details we can see the dr. cr.and have to cancell that

HEG, Optimus,

2 6356

i want to know f form and how to use and how can purchase

972

sir i want know how to fill vat return

1112

My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523

1167

1- what is cash flow and fund flow 2-Defference between TDS and TCS

2 4039

what is ment by suspence account and dummy account

1091

chq. of ICICI received from big jos of rs. 35000/- for credit sale bill no. S/01 andBill no. S/03

1 1796


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Un-Answered Questions { Accounting General }

List of Indian accounting standards and international financial reporting standards

736


Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.

1210


What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings

2865


Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.

2390


record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.

2723






WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM

1194


Explain me the term material facts in accounting?

147


what's the mean by Imprest system? Please give me Replay on this no. 9885789716

1047


Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

847


Tell me by saying, perpetual or periodic inventory system; what do we mean?

182


What is the Full Procedure of Purchase ?

1120


sale cycle

1034


Dillution effect on EPS

1355


PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?

1016


if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.

762