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Accounting Interview Questions
Questions Answers Views Company eMail

what is the journal?

4 6863

In the case of bank fixed deposits,t.d.s. u/s194A ,is to be deducted whether on the basis of person ,as a person earns 50000 interest on 1 fd or on fixed deposit scheme as 10fds earn 200000 interest?

3553

what is the diffrence between gross profit& net proffit?

Capital IQ,

8 19175

Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.

3 10084

If i pay 50% advance to advertise agency towards advertisement expensise, should I deduct TDS on advance payemnt.

5 9947

what is the difference between public ltd company and private ltd company?

Capital IQ, Project Management‎, Scope International, Yes Bank,

5 27753

what is the difference between direct income and indirect income?

College School Exams Tests, IPO, Wipro,

13 53997

Can I deduct TDS on Advance payment towards advertisment expenses.

7 18763

how will make entry for bank over draft?

3 10426

I am completed MBA finance & Mcom, I had 8 years experience in accounts field. I am interested in software. can shift my in software. whcih course i select

2 5392

What is FBT % for the F-Y (2008-2009). & A-Y (2009-2010)

Easiprocess, Tech Plus,

2 9046

WHAT the method of calculate MAT

2 9165

what is difference between fund flow and cash flow

NEC,

2 7191

If some service provider gives a bill having service tax. say cost of service is Rs 100, He is adding 12.36% sevice tax. Total comes 112.36. we have to deduct TDS @ 11.33%. On what amount we should deduct TDS? (on 100 or 112.36 )

Gammon,

16 21874

I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

L&T,

2532


Un-Answered Questions { Accounting }

WHAT IS GENERAL LEDGER HOW MANY TYPES OF IT, AND WHEN GL WILL USE IN WHICH SITUATIONS DESCRIBE ME

2057


I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?

3898


we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.

1934


As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?

1911


Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.

3157


how to calculate of FBT with example & what is Rate

2474


Expand-------ATBN

2128


if waybill issued by consignor , then c form issue whose responsibility?

1478


What are the various systems of accounting? Explain them.

980


what is valuation code and valuation modifier in sap fico

2441


does gl support accrual or cash system of accounting?

353


1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??

2079


how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com

2074


I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this. Wipro Limited Dear candidate Your Resume has been selected by ( Wipro Limited). I have attached your Interview Process letter with this email. Kindly see the attached file. Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm, Company Website – www.wipro.com Note - And more details you send a email Company Email Add – career@wiprolimited.in Best Of Luck For More Details Please Click Here Wipro Limited

1955


what is the reason for controls in an IS environment?

2059