Accounting Interview Questions
Questions Answers Views Company eMail

Explain me the difference between public and private accounting?

673

Tell me deferred taxation is a part of which equity?

566

Tell us do you have any idea about service tax or excise?

633

Tell me what does the investment of personal assets by the owner will do?

649

Can you please explain the difference between differentiate between consignor and consignee?

618

Explain what does financial statement of the company includes?

598

Tell me the types of accounts involved in double entry book-keeping?

623

Tell me what is your track record for consistently achieving your targets?

749

Explain what is account receivable?

617

Tell me in which account does the unpresented cheque will get recorded?

616

Do you know what is double-entry accounting? Explain with an example?

593

Tell me do you have any professional experience of this field?

646

Tell me why some asset accounts have a credit balance?

632

Do you know what qualities and skills make an account manager successful?

659

Do you know public accounting?

623


Un-Answered Questions { Accounting }

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1575


Define financial year?

706


what are the processes of account reconcillation

1574


what did you mean by cash credit limit account ?

2276


How the Depreciation will calculate in Company?

1701






what is ledger account

1604


Definition of push down accounting

639


A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.

1745


what is a state cheque? how it differes from stale cheque?

1875


From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

3750


what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?

1579


How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

1395


What is the difference between excise & service tax?

601


What are the major responsibility's of an accountant? what are the qualities he /she requires?

1622


If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?

1158