Accounting Interview Questions, Answers for Freshers and Experienced asked in various Company Job Interviews

#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY

2008

Can anybody explain? what's consumeble items?

1 3864

If I purchase and sale of goods at same price then effect in trading, P & L A/c

ABC,

2 5096

A individual advocate recievs legal fees. is he liable to pay service tax @ 12.36% on it?

2000

Exaplaine about RITC & how it calculated?

1 3618

WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY

Wipro,

2069

What is book Pfofit ?

3 5396

sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.

1 3582

what is MIGO and MIRO ?

Spencers,

1 4507

Un-Answered Questions { Accounting }

Please explain how to pass entry for VAT setoff and Service Tax Credit?

3210

What is tds and how it is calculated?

1072

Explain the accounts payable cycle

1142

Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry

2066

HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI

2195

Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.

1917

How you can adjust entries into account?

1180

Under the accrual basis of accounting, when revenues are reported in the accounting period?

973

Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?

4007

we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?

2054

how will rectify the error in trial balance.

1976

Why we debit expenses and credit incomes ?

1783

Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards

2183

What is contract accounting?

2350

1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,

1973

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