Question { Bank of Baroda, 116988 }

what is the difference between cheque and draft

Answer

Any one Can persume the Draft from bank in favour of others
but Cheque is not like that, to Issue cheque to others you
should maintain A/c with bank

Question { Syntel, 13861 }

what are the three basic acounting principles.what is
account reconcilliation.what is portfolio management

Answer

Basic Concepts or Golden rules of A/C's:

Personal A/c, Real A/c & Nominal A/C

Reconcilliation:

Its an Transaction between Bank And the Concerned Partty or
Company dealling with bank

Porfolio mgt. or Investment Mgt.:

Porfolio means Making investment in Jewels, Gold etc., or
making investment for getting additional income, managing
this is known as Portfolio Mgt.

Question { 6442 }

Hi Friends, Please Help me! at the time Interview I feel
very nervous, how to come out from nervous & what are
question I expect for Accounts Executive level Interviews?
Please Give me some suggessions, Thank U.

Answer

Try Speak bold in Front of Mirror in English & with your
friends circle.

They will Ask about Basic Concepts of A/c's that is

What mean by Real A/c

" " " Personal A/c

" " " Nominal A/c

& they will ask about Journal Wat is debit & Credit...

& About Income Tax Rules i.e. Proportion of Tax to be Paid
for HUF, Firm & Company...

While before Attending Interview Relax your mind by singing
your fav. song or count 1 to 100

All the best

with regards

vinod

Question { Travel Plan, 4930 }

Tell me how many taxes applicable in a Company and How can
I calculate ?

Answer

In the Company there are 3 types of Taxes are applicable

They are,

> VAT ( Value Added Tax) @ 4% With in State

> CST ( Central Sales Tax)@2% Outside the State

> Income Tax @30% from Net Profit (After partners
renummeration's)

> You may also Collect TDS from your Creditors While making
payment & Pay it to IT Dept. Montly

> Service Tax