Accounting Interview Questions
Questions Answers Views Company eMail

Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?

695

cost of normal waste of material under contact costing is debit to : 1)contract a/c 2) trading a/c 3) matrial a/c 4) profit and loss a/c

2 2334

variable cost are fixed: 1) for a period 2) per unit 3) depend upon the entity 4) for a particular process of production

2 1946




when re ordring quantity is 300 unit.minimum usage is 20unit minimum lead time is 5 days , maximum stock 400 unit , re - ordering will be: 1)300 unit 2)200 unit 3)400 unit 4)100 unit

2 1475

what is the reserve & surplus ?

ABC,

1 1808

what is the difference b/w gain and profit?

723

Hi All, I am working one company under contractual employee & My CTC is 9000 per month & take home salary is 8100, they are deducting 900/- as TDS per month on my salary, as i aware that, no TDS will be deduct below 160000 per year, can you plz post the answer or mail me on my mail id (itsaarmaan@gmail.com) (itsaarmaan@way2sms.com) Thanks in Advance to all. Hope you have correct answer & you will post as soon as possible.

3 6978

Pls let me know Job profile for Account Manager.

719

When VAT 14.5% is applicable and when Work contract tax 4% is applicable? Is both are same?

2 17177

Whether Depreciation to be posted in debit side or credit side?

3 3757

what do you mean by tds

3 3640

what is mutual fund?

3 3219

what is Debit note and Credit Note ?

Genpact,

3 4893

what is impairement?

Genpact,

3 4487

Give Example for Intangible assets that is depreciable?

Genpact,

5 7952







Un-Answered Questions { Accounting }

How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.

9083


what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)

522


What are the criteria for accounting job?

628


1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation

750


What is the GDP growth?

799






how to prost entry for purchases with a bill

680


Define `Realisation` Account? Explain the salient features?

1541


How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?

1030


Cost Accounting

842


assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose

388


hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj

446


plz can some one tel me "The concept of stock holder's equity and paid in capital".

1785


I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma

740


F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?

777


What is difference between Lorry Receipt and Docket Number

199