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Accounting Interview Questions
Questions Answers Views Company eMail

Explain the features of Equity share capital?

MNC,

1 6449

Differents between Equity Share and Preference Share Capital?

2 4774

what do u mean by excise duty?

2 5325

Why does closing stock does not appear in trial balance?

LCCI,

1 4786

We purchased packing material against H form condition, without Sales Tax, Now against we want issue C form to party with payment of CST 2%, C form issue only Basic amount, or including CST amount?

Wipro,

1 5494

how to solved the shares qusionas ?

2092

How cess should be calculated. Is it calculated on assessable value of the product or on the sum of assessable value & BED.

2 4867

HOW CALCULATE PARTERNERSHIP FIRM INCOME TAX ON NET PROFIT.

TCS,

2207

PLEASE CAN ANY ONE LET ME KNOW CURRENT RATES OF P.F. & ESI , PROFESSIONAL TAX, SERVICE TAX AND CALCULATION IF THE GROSS SALARY IS 10,000/-

1 3632

can any accountant forward format of daily or monthly mis format for accounts and finance dept!!

1876

WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

2138

when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker

2113

Can pls tell me difference between simple cash book & accrued cash book?

Mphasis,

1 4556

HI SEND ME ASSETS AND LIABILITIES IN BALANCE SHEET IN EACH AND EVERY ITEM PLZZZZ

2 4271

what is the entry for accrual expense and accrual income. And how they are treated. Thanks.

Cap Gemini,

3 8110


Un-Answered Questions { Accounting }

WHAT IS THE PROVISION OF TDS RECEIVABLE AT THE TIME OF YEAR ENDING GIVE THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com

3185


i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.

2264


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

2961


deffered tax treatment in financial statements

2166


Explain what is balance sheet?

1091


I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.

2048


Short Answer on _______Appropriation

1920


Expand-------SNAT

1996


WHAT IS MEANT BY CST? DO THE SUPPLIER CLAIM CST 2% FROM THE PURCHASER? WHAT ARE ALL THE RULES TO BE FOLLOW WHILE THE BUYER PURCHASE A 'C'FORM FROM THE CTO?

2029


EXPAND___________IMF

2192


Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

2081


Transfer nett profit of Rs 325000/- to Reserves and Surplus

2437


M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

1853


How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)

2814


What are the 4 principles of gaap?

1113