Accounting Interview Questions
Questions Answers Views Company eMail

why current ratio is 2:1.why it is not 100:1,10:1,20:1 in current ratio. please tell me....

Thomson Reuters,

8 14590

how we calculate the tds on salary.

1644

what is enty of income tax paid by company.& what is group of income tax paid.

Genpact,

9 9086

whether TDS is deducted on internet charges(leased line) and which section does it belong to and if it is applicable then what is the maximum exemption limit?

Airtel,

6 60521

Dear friends please let me know, what % of amount has deduct from vendors bill for civil supply and instollation work

3 4979

Dear friends, How can we get refund of WCT?

1 10526

what is dieerence between capital cpapital structure

1840

Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?

1583

Which one of these two (SAAP & GAAP ) software you prefer to use and why?

1 3160

what is pripaid expences nd difference bteween pripaid and advance

6 19898

what is the journal entry for cheque dishonour

Bank Of America, CTS, Oriental Bank Of Commerce,

16 38016

what is the procedure for obtaining a certificate for exemption from TDS where my income slab is not taxable..

1 4964

verification of licence comes under professional or contract in TDS

1 3205

The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.

1461

Please Explain the following Depreciation Methods? 1.stright line method 2.reducing method 3.annuti Method 4.funds Method 5.insurance Method

1 3759


Un-Answered Questions { Accounting }

how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..

1501


while calculating drawing power for the purpose of cc limit ,while deducting creditors from stock whether to consider debit balance of creditors ,in total of creditors' credit balance ?

1378


how to calculate vat,pf,esi,service tax in corporate firm

1524


my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

1507


How tax deduction at source is deducted

1499






A Norwegian Company rents some equipment to a customer in India. The Norwegian Company does not have an office in India. The new tax regulations make in mandatory for them to furnish a PAN number without which a with holding tax will be deducted. The Norwegian company will be paying tax on this rental income in Norway. India and Norway have a Double Tax Avoidance Agreement. I wish to know 1) Is it possible for the Norweigian company to avoid the with holding tax in India?

1413


what is the primary of for-profit organisation

1353


What are bills receivable?

607


In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?

1030


Do you know marginal cost?

618


MMT and MID payment how post in tally

957


purchase return liability or asset?should it be included in the balanced sheet?

1051


Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method

1936


What is liabilities and what all does include in current liabilities?

614


Into which account do we close the revaluation account balance during the winding up of a company?

1488