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Accounting General Interview Questions
Questions Answers Views Company eMail

A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10

1465

Can Minority Interest be negative or equal to zero?

IBM,

1 29234

What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Goods purchased from Mohan on credit Rs 3000 3)Salary paid to Mohan 4)A sum of Rs 120 is realized on the sale of old furniture

ICICI, State Bank Of India SBI, Toshiba,

10 62924

what is cash flow statement and fund fund flow statement

2 3849

what is differenct between capital expenditure and revenue expenditure?

5 4606

Capital employed

3 4126

why i want to join Hawkins company

Hawkins, HDFC,

1654

PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)

1397

Why Capital IQ?

Capital IQ,

1 3793

what is the entry for provission for salary t 31march and 1st april and payment

5 5188

what is come first debit or credit? means in the bussiness debit comes first or credit

Ernst Young,

4 9986

why net profit add in capital in balance sheet

7 24965

Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.

1 2273

how to calculate AMC charges for the financial year

1 11216

Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

3 3899


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Un-Answered Questions { Accounting General }

why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason

943


What is a ledger in regards to accounting?

491


what is lease accounting?? please explain me....

1606


How will service tax & excise be charged?

459


Define offset accounting?

453






how do made in finalization

1370


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

3450


What is your greatest achievement and why?

436


simply define shares and debentures

904


how to calculate basic to gross salary

1356


how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)

1274


what is bank aceleted?

1475


WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?

1461


What is a trial balance in accounting?

490


What is accrual accounting?

581