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Accounting Interview Questions
Questions Answers Views Company eMail

what is deemed sales? how to calculated

PSU,

1 2406

is there any difference in contribution and net profit? if yes what is that?

KPIT,

2 5111

what is the Difference between Compound Sales and Deemed Sales?

1 2218

what is share application money pending allotment?

1 4126

WHAT IS SHARE OPTION OUTSTANDING ACCOUNT??

National Institute of Food Technology Entrepreneurship and Management NIFTEM,

1 24462

DIFFERNCE BETWEEN RESERVE AND FUND?

Genpact,

3 6155

What is DPS? How to calculate to DPS?

Capital IQ,

3 11684

What is meant by Ratio analysis

2 5472

what are the accounting ratios

1 2508

why VAT not charged in deemed sales bill.

ME,

1 2531

VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI

2153

what is contigent liability

Genpact,

5 12609

what is the amount withdrawlfrom other cbs branch by multicity chequ book.

1 1900

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

1 6468

Who was the first person to climb Mount Everest?

DMRC,

1 4375


Un-Answered Questions { Accounting }

Do you use social media to identify prospects?

1219


WHICH QUESTIONS ASKED IN EPFO IN 2009.

1964


What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19

1649


can any one send me tally professional version link

1702


Treatment of Government grant and its utilization in P

2176


Tell me about a situation where you showed determination?

1121


is there easy guide for the latest India tax & accounting information for 2010?

2073


You placed an Order for some books but it was not delivered on time or the books were damaged, so are write Complaint Letter to the Shopkeeper about it.

2297


Any one can mail soft copy of Balance sheet,Trading and profit and loss alc.of a small firm or small co for study

2378


2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account.

2311


Anyone whose sbi interview has been over , please share all the question asked by them

2028


can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com

2145


The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

1826


HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX

2359


CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c

1564