Accounting Interview Questions, Answers for Freshers and Experienced asked in various Company Job Interviews

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Accounting Interview Questions

Questions Answers Views Company eMail

sale of old computor Rs 7500/- was credited to sales account Rectify it

ACS,

4 7113

Rs 45000 received from the source of bad debts which were already declared.pass entry

4 6523

Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it

1882

Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office

2000

Raman site engineer joined on 1-1-2009 in the company with an agreed salary of Rs 20000/-. On the joining date he was given advance of Rs 50000/-agreeing for adeduction of Rs 7500/- for month from salary. Pass salary entry till March,and let me know the advance balance as on 1st April

3 6182

Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it

2198

Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque

1847

Paid a cheque for Rs 26500/- to Vishnu traders on behalf of Haritha trders for material supply

2 4407

Received a cheque of Rs 75000/- from Kirthi traders on behalf of anurag traders for material supply

4 6815

A cheque of Rs 65000/- received from aruna traders dishoured

5 7908

karthiks due of Rs 35000/- was settled in full with a cheque of rs 31500/-Pass entry

3 5063

Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry

2060

Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1917

Anand put Hire charges bill for Rs 185250. During the course of work we supplied diesel worth Rs 25360,paid driver battas of Rs 1050.Pl pass journal entry by taking security deposit @ 5% and TDS @2.25%as deductions from bill

2 4780

Aravinds gross salary is 15000/-Pass entry adjusting 150 profession tax, Advance adjustment 1500/-

10 18730

Un-Answered Questions { Accounting }

What was the most chlleging task you face while working in SAP FI/MM and how did you solve?

1949

i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

1883

What is journalizing? What are the columns of a journal?

1157

when wct@8.75% is charged from the vendor. How much TDS has to be deducted against it??

2710

Do you know in accounting, vat abbreviates what?

1116

saji become insolvant -what is journal entry

1779

DEFINATION OF LABOUR ACT?

2301

An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?

1981

What is compensation theorem?

3067

What do you mean by Adjustment

2027

Difference between gl posted date and gl date in gl.

415

Cenvat credit transaction journal entries. And what does the term reversal of credit means

1563

How will be prepare invoice in tally, please tell me step by step

2809

Tell us how can you define departmental accounting?

1030

Which document should be attached with purchse & sales invoice?

1923

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