Accounting Interview Questions
Questions Answers Views Company eMail

what is SEC?

Genpact,

5 7945

contingent goods?

Genpact,

6 26408

IS CASH DISCOUNT/RECIVED IS OPERATING EXPENSE/INCOME?

2 21935

why is preliminary expense an asset..??

1651

why is interest on capital an expense....??

3 15993

why preliminary expenses are written off every year from profit and loss a/c.??

2 9209

What is the defination of job costing, batch costing and contract costing?

3690

what is the defination of unit costing and process costing?

4 5683

Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?

1799

What should be the TDS Deduction for technical consultancy received from Malta to an Indian Company

2 3643

WHAT IS ER-1, ER-2, ER-3, ER-4, ER-5,ER-6,ER-7

23 131772

"DUTIES OF AN AUDITOR IN VERIFYING PURCHASE OF A BUILDING" PLEASE REFER ME A BOOK TO SEARCH FOR THIS

2 3326

what is Debit?

3 5327

what is Credit?

8 7989

What is Amalgamation

3 5807


Un-Answered Questions { Accounting }

what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.

1626


Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe

3203


Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ?

1289


What is use of subject history in banking?

2202


what do you meant auction? what is F & o segment?

1818






DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?

2554


What is a ledger? What do you mean by ledger posting?

644


Tell us do you have any professional experience of this field?

586


how we will prepare n file income tax returns for individuals?explain

1728


How to calculate entry tax on kraft papers format in excel under Assam Entry tax rules?

5871


What is the Full Procedure of Purchase ?

1554


What is the treatment of Capital Work in Progress as per the International Accounting Standards.

4419


explain about mergers & aquisitions? asked on 30/7/09

1726


Which income is considered as accrued income?

639


what is a reducing balance method and depreciation fund investment method and 2 diffrences?

2016