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More Accounting General Interview Questions

1.Closing Inventory consists of 1,100 units. What would be the cost of Closing Inventory under FIFO and LIFO methods? Opening Inventory 1000 units @ $ 10 $ 10,000 Purchase (1) 800 units @ $ 11 $ 8,800 Purchase (2) 500 units @ $ 14 $ 7,000 Purchase (3) 400 units @ $ 12 $ 4,800 Purchase (4) 300 units @ $ 13 $ 3,900 ------------ ----------- Totals 3000 units $ 34,500 ======= ======

1 Answers  


What is the Basics of Bank Reconcialiation ?

4 Answers  


what is depriciation?explain all methods of depriciation?and give more dwtais about depriciation?

5 Answers  


How can we create compound unit(eg:pkt of 10 nos) in Peachtree accounting software?if u know the answer,plz post it. by Libin kulamuttom

1 Answers  


Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

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please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.

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what is assessment how many more type assesment?

3 Answers  


what is opening stock formula?

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one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupees note the showroom executive didn't have the change so he take the change from next to his showroom's shop then he deliver the phone to customer with the change of rs 250.and customer went with both after sometime the shop owner of next to showroom who gave the change of Rs 1000 with angry and told the showroom executive that the note you give it to me is fake! so showroom executive gave him Rs1000 to him.so my(question) is how much the showroom executive faced the loss on this transaction.

16 Answers  


ACCOUNTING CONCEPTS AND CONVENTIONS

4 Answers   Bank Of America,


What is GR form ? what its use please give me a details of GR ?

1 Answers  


I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.

0 Answers   Accenture,


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