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Accounting Interview Questions
Questions Answers Views Company eMail

what is goods in transit and how to pass an entry

SK Industries,

20 178743

What is debit and what is credit ?

4 7177

What is accounts?

6 8150

Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P

2630

What is the meaning of Debt reconciliation and how to do debt reconciliation?

Genpact,

2457

what is meant by inter trading

Karvy,

2 7184

what is meant by factorising

1 3654

Can anyone mail journal entries for me? my Mail id rukmini@live.in

1909

how is the due date calculated. invoice date + payment terms or invoice received date + payment terms or it depends upon the company

3 4922

what is a contra entry how it is passed in journal and cashbook

5 12619

What is the treatment of Live Stock ? if it is transfer to the Profit & Loss Account or otherwise it will be treated?

2 4867

Sir, My company was formed in the Financial Year 2007-08 and during the year there is primary work i.e. instalation and sitattion work carried on. Now, the Company has started the Production activity form the Financial Year 2008-09 i.e. 14/04/2008. The question is that if the company is entitled to get the Addition depreciation U/s. 32?

Datamatics,

1 2679

My client is a Partnership Firm and was converted in to the Pvt. Company. Now, the Question is that the both the entity i.e. Partnership Firm and Company entitled to get the Depreciation of Proportionarate basis, they used the Assets? I reffered to the Income TAx Act, there is no any specification regarding the convertion only the amalagamation and merger.

SK Accountant,

2112

Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?

1 4009

what do you mean by return in taxes

1 4518


Un-Answered Questions { Accounting }

We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices

2221


STATE & EXPLAIN THE IMPACT OF GLOBAL FINANCIAL CRIS ON CEMENT SECTOR IN INDIA:

2309


What is functional area,trading partner in sap fico

2134


what is cost center & cost categories in tally

2348


Whether interstate purchase of High speed diesel by mines at concessional rate is allowable ?

2543


what is the due date of 28th feb

2450


If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?

1112


please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.

2302


what are the processes of account reconcillation

2088


Do you know what is project implementation?

1026


Is wct charged on firm or proprietors ?

1578


what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it

2273


i want question papers audit staff selection examination

2343


How do the standards assist the users of financial report?

2319


types of inventory

2211