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Accounting Interview Questions
Questions Answers Views Company eMail

please explain me, if I pay salary advance 3000 to satish then how to record entry, for payment, journal, adjustment if salary is 1500/month please send me correct entry shortly

AAI Airports Authority Of India,

2 5603

WHAT DO YOU MEAN BY BRS. PLS TELL ME URGENT

3 3801

WHAT IS MEANING OF PROVISION

4 4663

Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.

1219

On January 20x2, the balances of ABC Ltd's provision of doubtful debt account was $1510. During the year, a total of 3750 of account recievable was written of as bad debts. The balance in the provision for doubtful debts account at 31st Dec was 1450. What is the total amount of bad debt recognised this year?

2 2794

The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

1559

what is professional tax slab rate ?

DNS,

2 3932

what is the difference between derivatives and swaps

Capital IQ, FactSet Systems,

9 24870

Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..

1283

If we purchase machinery from gujarat ie from cst supplier & we have to give them 'c' form what should be the entry for the same.

2 3778

In SAP FICO How many ways we are Procuring the assets in the Company?

Spectra Soft,

1947

How to do entry for Income Tax Refund ?

1 2912

What is an entry for INCOME TAX REFUND ?

1 3861

if the reparing & machinery maintanance for one party the whole year payment paid rs.75000/- crossed than tds is deducted from amount

United Chemie,

1239

purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c

3 3565


Un-Answered Questions { Accounting }

What is Statory Books ?

1607


What is the general classification of accounts that usually ledger account involve?

454


how an accountant can do budgetery controls of expenses?

1434


i want the difference p&l a/c and Income and expediture statement

1377


what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?

1246






what is actual flag?

3


How many invoices on average do you handle on a weekly/monthly basis?

461


Can you tell me entry tax will be applicable on Spectacles purchase from u s a  

1216


Define public accounting?

416


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

2880


purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c

3565


What's format of CMO & CMA Data?

1963


Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

852


GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry

1471


Expand-------ANCS

1330