Interview Questions Answers in Banking Finance, Accounting AllOther, General Aptitude, Puzzles

Questions / { pradeep banduni }

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Answers / { pradeep banduni }

difference between Funds Flow and Cash Flow statements?

Answer

Fund flow statement is statement which show movement of
fund in the normal course of business whereas cash flow
statement shows the application & sources of cash only.
cash is the only items which is the prima facia in cash
flow statement.

Is This Answer Correct ?

23 Yes

4 No

Question { BPO, 37884 }

What is nominal account ?

Answer

nominal a/c is the a/c in which we calculate income(gains)
expenses(losses)

nominal a/c having following rule:-

Dr. All expenses & losses

Cr. All income & gain

Is This Answer Correct ?

40 Yes

5 No

Question { Capital IQ, 63052 }

What is BEP? How is it calculated?

Answer

BEP = is the point where total cost equal to total revenue
it this point company is in position of no profit & no
loss...

formula of bep
fixed cost
----------
P/volume ratio

Is This Answer Correct ?

16 Yes

17 No

Question { Capital IQ, 22220 }

What Does Suspense Account Mean?

Answer

Suspence A/c is a temperory account which is created to
prevent wrong entry or posting the same in ledger. after
geting knowledge about the expense or income the same is
posted into right head it is used to prevent from error of
ommisstion, commission, pricipals.

Is This Answer Correct ?

2 Yes

1 No

Question { 4711 }

What is agricultural income & how is agricultural income is
totally exempt from tax (ref sec.10(1) of incimetax act)?

Answer

agricultural income is the income which occurs from
agricultural business,moreover that bussiness must be a
nature of personal use.
agricultural income first added in income = aggreegate
income this it is deducted from the gross income.
it is exempted from tax

Is This Answer Correct ?

7 Yes

2 No

Question { 21560 }

What is perquisites & tax-free prequisites?

Answer

perquisites are the amenites provided by the employer to
his employee this are non monetary incentives
tax free perquisites are those perquisites which are tax
free
e.g car

Is This Answer Correct ?

29 Yes

7 No

Question { Genpact, 18129 }

what is an intengible Assets ?
1. cash
2. building
3. goodwill
4. stock.

Answer

Goodwill is the right answer

Goodwill is ficticious asstes, which can/t be seen or touch
That is also called intengible assets.

Is This Answer Correct ?

4 Yes

0 No

Question { Wipro, 5834 }

what are the type of t.d.s. entries ?

Answer

TDS is tax deducted at source of income, deduction of
income as source against liability.

at the time of due

suplier/customer a/c Dr (TDS amount)
To TDS on ( Particular service)

At the time of depositing

TDS DR
To Bank

Is This Answer Correct ?

0 Yes

0 No

Question { 8111 }

what is the difference between chartered accounant and cost
accountant and which is the best course among two.

Answer

Chartered accountant is the person who have knowledge of
Financial Mangement & part of cost accounting, who finalise
the balance sheet of the company his certification is given
by ICAI. Cost accountant is the person who have knowledge
of Costing & cost centers, he is very much familiar with
ascertainment of cost of perticular unit. mostly cost
accountant are used in manufacturing units.

extract is CA is far better than Cost Accountant.

Is This Answer Correct ?

21 Yes

17 No

Question { TCS, 37864 }

1) In the class of 40 students, 30 speak Hindi and 20 speak
English. What is the lowest possible number of students who
speak both the languages?
(a) 5 (b) 20 (c) 15 (d) 10 (e) 30

Answer

simply 10 can't speak hindi & 20 can't speak english

total no of student in class is 40 - 30 (can't speak one of
the language = 10 (can speak both.

Is This Answer Correct ?

20 Yes

5 No

Question { 7573 }

how to find 4 digit no using the digit 2,2,3,3,3,4,4,4,4

Answer

There are many way to find the four digit no one of them is

2+2=4
3+3+=9
4+4+4+4=16

by using 2,2,3,3,3,4,4,4,4 we can make 4916 four digit no.

Is This Answer Correct ?

1 Yes

1 No

Question { 3164 }

Financial Management vs Management accounting?

Answer

Financial a/cing is the accounting of recording classifing
of transaction of past,with the aim of prepration of
financial statement which includes Profit & loss a/c &
Balance sheet.
Management a/cing is the tool used by management for taking
decison for the management with the help of financial data
recorded for the upliftment of the org. like ratios.

Is This Answer Correct ?

2 Yes

0 No

Question { TCS, 46407 }

9 9 9 9 5 5 5 5 3 3 3 3 1 1 1 1
is me se kin 6 number ka total 21 hota he..?
its challange..

Answer

I do agree with Mr Sharmesh kumar

Is This Answer Correct ?

14 Yes

11 No

Question { PWC, 6065 }

what is the gernal vocher ?

Answer

Gernal voucher is the recod of transaction in which
cash/bank does not get affected.

like :- salary due but not paid for consecutive pervious 2
months.

salary A/c DR
To outstanding Salary CR

Is This Answer Correct ?

3 Yes

2 No