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Accounting Interview Questions
Questions Answers Views Company eMail

Why discount on issue of debenture is shown as ficitious assest in Balance sheet ..? same why preliminary expenses ia also shown as ficitious assets in Balance sheet :?

Accenture, Cap Gemini,

3 18617

Dear Sir, We are operating a Security Agency, Please suggest us how to calculate holidays & Overtime duty, where we take 12 hrs, duty from guards in place of 08 hrs. duty. Please suggest us how to calculate. thanking you, suman

1 3808

Following information is given to you: Year - Sales - Cost 2009 - 200000 - 205000 2010 - 300000 - 310000 Calculate: 1. P/V Ratio 2. BEP 3. The amount of profit or loss were sales are Rs. 325000 4. The amount of sales required to earn a profit of Rs. 5000 5. Margin of Safety for the year 2010

1 3187

wats the journal entry for payament of Company's Income Tax & under what head does income tax comes in TAlly

2 15239

step by step TDS voucher entry in Tally 9 Please

5 11665

hi i want to know the due date for payment of work contract tax in himachal pradesh ? If last date is Gazated holiday

Google, NDDB,

2 12212

what is accounting

2 5016

what is ledger balance

3 6316

What is Capital Commitments means?

JK Associates,

2260

What are the difference between Debit Memorandum and Credit Memorandum?

2068

We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.

1770

We are an educational institution head office in chennai. We don't have Tin Nos. Sales Tax nos, and CST Nos. we have only Service tax nos. if i purchase a computer in chennai and i transfer it to our institute which is in bangalore.Is it possible. what are the documents required for this.

2 5193

who is the auditor and his deautis

2393

what is consignment entry?

Genpact,

11 22609

i want know central excise duty codes with cess?

EXL, Real Estate,

2715


Un-Answered Questions { Accounting }

salary and rent entry with tds deduct

1715


I am working as account in one of the logistics company for one year. I would like to know about service tax and how can I post necessary entries

2567


we charge service tax in our Invoice.we pay it in time. At the end of the year other party gives his deduction as certificate. what to do with it ? how to submit again to tax authorities?

1913


What is meant by turnover?

1064


In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected

2121


Why you choose commerce faculty & not science or Why you are in commerce & not in science ?

2190


Is depreciation a expense or income?

1693


OUR CO. ACCEPT SODEXO COUPONS FORM CUSTOMERS; WHEN WE SUBMIT COUPONS FOR REIMBURSEMENT TO SODEXO THEY DEDUCT SERVICE CHGS AND S. TAX AND PAY BALANCE AMOUNT, DOSE IT ATTRACT TDS?

2881


Please do tell me about the questions which are asked at BACS FINAL ROUND.

2163


How the Entry passed for Loss of Payment

2073


what is the process of cenvat credit taken in service tax( in direct & indirect service)

3468


Sir we have maintaint RG 23 Part I Excise Register manually but we can maintaint excise register in Tally erp 9 we tray but tally not show properly RG 23 Part I Excise register like manual. please guide & solve the problme.

1866


what is the specific purpose of assigning balancing segment values to the legal entity in accounting manager setup (as once assigned, the same value is not allowed to be selected for any other legal entity), if this value is usable for the operating unit(s) that does not have this legal entity context?

365


Short Answer on _____________Revenue Budget

1997


Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

1903