Interview Questions Answers in Accounting AllOther

what is difference between nominal and real account

Answer

Nominal accounts helps us to know the result of the venture
Real accounts will be placed in Balance sheet and will help
us to know the financial status of the orgonisation

Is This Answer Correct ?

19 Yes

9 No

Question { Genpact, 9112 }

what is depreciation ?

Answer

The wear and tare of fixed asset

Is This Answer Correct ?

7 Yes

2 No

Question { Genpact, 23283 }

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

Answer

Goodwill

Is This Answer Correct ?

41 Yes

1 No

Question { Genpact, 19924 }

The opening Capital of a concern is Rs.30000/-
owner withdral for personal use Rs.28000/-
Closing capital balance of concern is Rs.37000/-
choose the correct answer from the following.

1.Net Loss Rs.14000/-
2.Net Profit Rs.35000/-
3.Net profit Rs.14000/-
4.Net Loss Rs.35000/-

Answer

Opening capital--------30000
Add Net Profit---------35000
Less Withdrawl---------28000
Closing Capital--------37000

Is This Answer Correct ?

41 Yes

11 No

Question { DAS, 4557 }

can anybody expalian about modern clasification of accounts

Answer

To speed up journalisation of transactions accounts were
brodly clasified into 5 catogories
Group Rules for Debit and Credit

1.Capital Credit increases debit decreases
2.Liabilities Same as above
3.Incomes and Gains Same as above
4.Assets Debit increases and Credit decreases
5.Expenses and losses Same as above

Is This Answer Correct ?

3 Yes

0 No

Question { TATA, 9243 }

i am fresher .i want job in accounts.please send me general
interview questions of accounts

Answer

Pl send your e-mail id to receive valuable 6sets of
question papers relating to accounts and finance

Is This Answer Correct ?

5 Yes

2 No

Question { 3917 }

I am a new person to Accounting but i want to learn it. Pls
help me by sending BASICS Information,reference books and
websites.

Answer

I am a Tax Practitioner prepared specially for unemployed
youth mainly basing on accounts and finance. if needed pl
send your e-mail id

Is This Answer Correct ?

1 Yes

0 No

Question { Essar, 7750 }

What is mean by account receiveble and account payable how
it will goes to upto finalazation.and wher it will papper
in accounts books.and wher it well be apper in accounts
books can you tell for my accounts interview perpose.

Answer

I am a Tax Practitioner specilly prepared 6 sets of
question papres with answer books mainly basing on accounts
and finance. If needed seriously pl send your e-mail id

Is This Answer Correct ?

2 Yes

0 No

Question { 4713 }

I want to develope with my basic nowledge of accounts.what
books i have to read.can you tell me the suggesion.

Answer

If you really interesting in learning the basics of
accountancy attempt my papres specially prepared for
accounts and finance

Is This Answer Correct ?

0 Yes

0 No

Question { 4942 }

define the REVENUE

Answer

Revenue is the receipt of the business enterprise thru sale
of products and providing service

Is This Answer Correct ?

1 Yes

1 No

Question { Concentrix, 7141 }

expand T R P

Answer

Tax Return Preparer

Is This Answer Correct ?

6 Yes

0 No

Question { 3812 }

Expand C M I

Answer

Central Mining Institute

Is This Answer Correct ?

4 Yes

2 No

Question { Banking, 10477 }

what is debt equity ratio

Answer

It is a measure of acompanys leverage calculated by
dividing its liabilities by share holders equity
=Total Liabilities/Share holders equity

Is This Answer Correct ?

12 Yes

6 No

Question { 18060 }

What is Money Measurement concept

Answer

As per this concept only those transactions which can be
measured in terms of money are recorded.Since money is the
medium of exchange and the standard ecnomic value, this
concept requires that those transactions alone that are
capable of being measured in terms of money be only be
recorded in the books of accounts

Is This Answer Correct ?

76 Yes

3 No

Question { 7727 }

What is meant by the word Liquidation. Give examples

Answer

When a company goes bankrupt or terminated the creditors of
the company will be settled by selling of assets,the
remaining amount if any will be distributed to share holders

Is This Answer Correct ?

16 Yes

2 No

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