Interview Questions Answers in Oracle Apps Financial, Taxation, Accounting General, Accounting AllOther, CompanyAffairs CS

Questions / { raghu }

Questions Answers Category Views Company eMail

Question { Meru Cabs, 12649 }

what is withholding tax

Answer

Whatever we deducting the TDS on income

Is This Answer Correct ?

0 Yes

0 No

Question { Body Care, 2138 }

How filing quarterly return HUF TDS?

Answer

>Furnish the TAN ,
>Do the summary of Deducte and TDS paid Challan
>Upload the Details to Zen or Saral software you will get the 27A and FVU file same you have submit the Karvy .
>Get the acknowledgement

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0 Yes

0 No

Question { 2120 }

Bank Reconciliation

Answer

Matching between Our Books and Bank statements/Passbook

Is This Answer Correct ?

0 Yes

0 No

Question { 2242 }

How to charged TDS on salary and How many charged percentage?

Answer

before deducting the TDS We need to see Salary Slab.

on that basis we need to deduct the TDS.

Is This Answer Correct ?

3 Yes

0 No

Question { Capital IQ, 10825 }

what is meaning NPA?

Answer

NPA means Non Performing Assets.

In Bank some customer will take OD on their business basis if they failure to submit the Documents like Stock Statement & Sundry Debtors then banker will consider as NPA

Is This Answer Correct ?

0 Yes

1 No

Question { 4774 }

Labour charge 100000 deduction tds 5%

Answer

Rate of TDS Deduction for Labour is 1% or 2%

Individual/HUF 1% >100000*1%
Other than Individual/HUF 2%>100000*2%

75,000 is the limit Per year.
30,000 is per transaction

Is This Answer Correct ?

1 Yes

0 No

Question { 2527 }

why are cutting tds?

Answer

As per Income Tax Act 1961 its liability to deduct TDS.

While paying to Vendor/Service Provider we need to Deduct TDS.

If Professional (194J) -10%
If Rent (194I) -10%
If Contract 1% or 2%

many more is there its depends on service

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0 Yes

0 No

Question { 4154 }

Mention all examples of Assets and Liabilities in a Balance Sheet?

Answer

At Assets Side

Cash Balance
Bank Balance
Closing Stock
Customer Receivables

At Liabilities
Bank Od
Sundry Creditors /Outsider Payable s
Any Provision/Outstanding

Is This Answer Correct ?

0 Yes

0 No

Question { 4381 }

Under which group in airtel a/c ledger

Answer

Airtel is service provider to use so its comes under sundry creditors at balance sheet.

Is This Answer Correct ?

3 Yes

0 No

Question { TCS, 2801 }

How to treat TDS on salary in book of Accounts?

Answer

TDS payable on Salary(192B) its liability to company.

Its comes under Provision/Current liabilities

Is This Answer Correct ?

2 Yes

0 No

Question { 3405 }

I am working in a company as a finance officer during the measurement of fixed asset i have faced for land depreciation.
How to measure land depreciation? please help me in this regard.

Answer

Depreciation will not applicable on LAND.

Is This Answer Correct ?

0 Yes

0 No

Question { 3481 }

What is Cenvat

Answer

CENVAT is Central VAT,

That you have to claim as input

Is This Answer Correct ?

0 Yes

0 No

Question { 4010 }

bill amount 30000 how to charge tds as sec 194c

Answer

if it is lumsum amount / Single Transaction of Rs.30,000 TDS will deduct 1% if individual or HUF,2% if Other than individual or HUF,

Is This Answer Correct ?

0 Yes

0 No

Question { 4010 }

bill amount 30000 how to charge tds as sec 194c

Answer

For Individual and HUF Deduct the 1% on 30,000/-
For Company,Trust,AOP Deduct the 2% on 30,000/-

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0 Yes

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Question { State Bank of Mysore SBM, 1963 }

when we use credit card, then what will do entries in tally erp as a accountant and second question that if he do entry then what will thay keep under the ledger of credit card.

Answer

We have use Joournel voucher ( F7 ) ,Credit Card falls under Current liabilities or Provision or Loans(liability)

Is This Answer Correct ?

1 Yes

0 No