Audit Interview Questions
Questions Answers Views Company eMail

Expand---------SRPM

1 3008

Expand---------MRPS

2 4207

Will it be fine if private Ltd Company do not follow depreciation rate as per The Companies Act,1956 & follow Depreciation Rates as per Income Tax. Also is it necessary to claim VAT Setoff on Asset Capitalised only after some percentage of retention.

1 6417

when is the closing stock shown in the trial balance?

Infosys,

14 25010

what is the key factor while making cash & fund flow statement?

1 3709

What is the role of Internal Auditor?

7 14952

THIS QUESTION IS RELATED TO PAY ROLLS IF ANY BODY HAS THE FORMULAES IN EXCEL ABOUT PAYROLLS CALUCULATIONS PLS HELP ME OUT

1619

what is journal for Credit purchase

Ernst Young, Genpact,

9 16927

What is Cost audit & its Type?

3 6996

what is monthly closings.

OPI Global,

1 5470

Is Taxi bills allowed to claim the LTA?

1 35013

what is a contra entry how it is passed in journal and cashbook?

4 6817

State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100

3 4685

Classify the following accounts into Personal Account, Real Account & Nominal Account. Questions Answers 1. Furniture Account 2. Salaries Account 3. Outstanding Wages Account 4. National Trading Co. Ltd’s Account 5. Stationery Account 6. Prepaid Insurance Account 7. Capital Account 8. Interest Account 9. Building Account 10. Purchase Account 11. Cash Account 12. Bank Account 13. Sales Account 14. Commission received in Advance Account 15. Discount Account 16. Drawing Account 17. Loan Account 18. Mysore Store’s Account 19. Repairs to Machinery Account 20. Stock Account 21. Investment Account 22. Loose Tools Account 23. Bangalore Sports Club’s Account 24. Loss of Goods by Fire Account 25. Motor Vans Account 26. International Trader’s Account 27. Goodwill Account 28. Depreciation Account 29. Bad Debts Account 30. Bad Debts Recovered Account 31. Bank Overdraft Account 32. Book Debts Account 33. Purchases Returns Account 34. Sales Returns Account 35. Postage Account 36. Charity Account 37. Carriage Account 38. Rent Account 39. National College’s Account 40. Bills receivable Account 41. Bills Payable Account

Bisleri, Income Tax,

12 66322

State with reason which account should be debited and which account should be credited in each of the following transactions: 1. Raj commenced business with cash Rs. 5000 2. Bought goods from Kiran for cash Rs. 1000 3. Sold furniture to Ravi on credit Rs. 500 4. Sold goods for cash Rs. 800 5. cash purchases Rs. 600 6. Bought Stamps Rs. 10 7. Withdrew cash from the business for personal use Rs. 1000 8. Paid salary to manager Rs. 500 9. Paid rent to landlord Rs. 200 10. Received commission from Mani Rs. 50 11. Paid for repairing machinery Rs. 30 12. Received cash form Ravi on account Rs. 400 13. Gave loan to Babu Rs. 500 14. Purchased goods from Sachin Rs. 400 15. Opened a bank account with Rs. 1000 16. Charged Mohan Rs. 50 commission for service rendered to him 17. Santosh paid the interest on loan advanced to him 18. Received loan from Manju Rs.10000 19. Office furniture stolen Rs. 500 20. Paid income tax Rs. 5000 21. Paid life insurance premium Rs. 300 22. Allowed discount to Babu Rs. 90 23. Discount received from Santosh Rs. 150 24. Amount charged by bank as bank charges Rs. 30 25. Railway fright paid on machinery purchased Rs. 100

2 8225


Post New Audit Questions

Un-Answered Questions { Audit }

purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.

1617


What are objectives of internal audit?

690


Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.

980


What is caro 2004?

680


central exices

1903






What are documents need to vouch while doing sales vauching?

976


What are the basic principles of an internal audit controlsystem?

677


What sort of image do you have?

1539


Explain the difference between internal audit and statutory audit?

645


what are procedure we need to do at the time ACTO VISIT FOR AUDIT OF VAT .

1744


what percent of wages calculate from sales of a firm (registered under manufacturing of machinery spares) sales (appr)- RS.10000000/-

1482


How does the internal audit differ from an external audit?

708


Which books are helpful for practising accounting's most tricky sums?

1126


Explain the importance of evaluating an internal audit department?

617


Please send me rbi previous exam paper with ans for group B at aparna_majumder@ymail.com

1883