Accounting Interview Questions
Questions Answers Views Company eMail

You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger

IBM,

190

You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6

IBM,

196

1. The controlling department wants to see depreciation amount on internal orders. Which customizing setting do you need to make in asset accounting?(any 3 answer) Make the internal order in active assignment object. Make the internal order an account assignment object for the depreciation run. Set the field internal order to required or optional in the screen layout. Enhance relevant transfer variant by adding the field internal order. Assign the field internal order to account determination.

IBM,

203




You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6

IBM,

151

Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER

IBM,

185

What function within asset accounting allow mass processing?( any 2 answer) • Mass asset changes • Mass asset retirements ( abavn) • Mass asset acquisition ( abzon) • Mass deletion of active assets with net book value zero.

IBM,

111

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

IBM,

209

Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach

IBM,

194

What do you define in customizing for the payment program? FBZP (Any 2 Answer) • Bank subaccount ( BANK DETRMINATION SCREEN. ACCOUNTS) • Forms of the payment media ( PAYING COMPANY CODE) • Available amount (BANK DETERMINATION, AMOUNTS) • Assignments for the profit center • Prerequisites for the debit balance check

IBM,

251

What is difference between Lorry Receipt and Docket Number

Infosys,

223

If we are selling Cement on credit with transport charges, we are paying transport charges on cash. and this transport charges will take separate from the customer, for Example 10 bags of cement sold. 10 x 250 + 100 ( transportation charges ) = 2500+100 = 2600/-.. How I will take this entry... please guide me.

176

if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

136

My Total CTC is 12500(not gross salary), i am living in Mysore(non-metropoliton city) what will be the take home salary after deduction? thanks in advance.

136

interest paid comes under which head

126

calls in arrears come under which group in tally?

1 156







Un-Answered Questions { Accounting }

Who is the sundry creditors

175


what is vat adjustmant?

921


Expand---------OST

711


what is loan operations and what are the complete process form from making customer to closure of loan

901


THERE IS EXCESS TDS REMITTED UNDER SECTION 194 H IN EACH MONTH STARTING FROM APRIL 2011 TO DECEMBER 2011.THIS IS DISCOVERED IN JANUARY 2012. THE QUARTERLY RETURN IS YET TO BE FILED. HOW TO TAKE EXCESS CREDIT IN FILING QUARTERLY RETURNS ? WHETHER EXCESS TDS CAN BE ADJUSTED AGAINST REMITTANCE OF TDS FOR JANUARY 2012 (UNDER 194 H ONLY)AND THE BALANCE ONLY CAN BE REMITTED? IF SO, HOW TO GIVE THE CHALLAN REFERENCES IN THE RETURN?

970






How to calculate rental exemption if HRA is not given seperately and what will be the maximum allowability and under which Section of Income tax

633


please send me some previous sbi clerical interview questions to my email id....

900


in what form is crr kept in RBI?

1014


what is the difference b/w gain and profit?

730


what audit procedure i can do in the share capital account of a company and why it have been apply?

2973


Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?

637


My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?

403


total assets are equal to total liabilities in final accounts ?why?

218


A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?

893


what is dieerence between capital cpapital structure

783