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Accounting Interview Questions
Questions Answers Views Company eMail

Accounting basic rules with example relevant to day to day business

Wipro,

2 4817

For the assessment year 2011-12, ie., FY 2010-11, is there cess on TDS for Professional fees ?

3 5214

how to know which item is contingent liability? and why it is not taken in treatment in final a/c....

1 4079

why we transfer wages and salary in trading a/c,and why we transfer salary and wages in p/l a/c?

2 18186

how to calculate tds on salary.if the 500 employee work in my company.so how calculate tds for each employee.

1 3822

how to reconccile account payable & account receivable.please provide best solution with example

1 4191

I have raised a Invoice of Rs. 78964 including service tax rs. 964 in month of April and service tax paid to Govt for April month/ We have voide this invoice in May'12 due to services cancelled by the customer, pls let me know can we adjust this paid service tax amount in our May service tax payable....and how to pass voide bill entry.....

1 3597

How to make balance sheet, please advise me in details... Thankx

1 4351

Calculate the current assets from the following information A>credit sales Rs.2,00,000 B>G.P.ratio 20% c>stock turnover 5 times. D>Current liabilities Rs.60,000 E>Quick ratio 0.75 Stock at the end Rs.5000 was more than the stock in the beginning.

1 3621

You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

2062

Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.

2390

Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

2358

For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production

3069

when we give to payment for contractor what entry pass with tds?

3 14852

how we pass commission entry when we give to other with tds ?

GFS,

1 3983


Un-Answered Questions { Accounting }

WHAT IS THE DIFFERENCE BETWEEN SEND FOR APPROVAL (WITHOUT PARKING) AND ASSIGNMENT CORRECT IN MYSAP FI POSTING?

2111


Being BE student why you want to join bank?

2470


What is external audit?

1231


Tell me what is the equation for acid-test ratio in accounting?

1013


Explain me some of the examples for liability accounts?

1112


Calculate the total Depreciation for four or five Years so practice some problems on depreciation?

2084


how we creat e-vat return in tally for punjab

3010


how to create salary and pf statement in excel sheet?

2139


Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed

2005


What is Mean By FRS for HQ reporting, How To Prepare?

2124


how to see reoprt of miro booking in SAP FI

2300


Knowing what you know now, walk me through what you would do differently to drive even more success?

1072


what is an advance against expenses

3475


what is encumbrance?

427


why specifically inited states ?

1925