Question { 13583 }

I am a Tax Practioner Prepared 6 sets of Interview
questions with answer books.Is there any body need them.
All the questions related to Accounts and Taxation. Regular
users of this site are utilising the chance.

Answer

Please send to me. My email ID: vijji_tv@yahoo.com
Thankyou very much in advance.

Question { 3266 }

What is Liquidity

Answer

Liquidity means position of easily converting in to the
cash.

Question { 3333 }

I am a non commerce graduate acting as office manager in a
construction company. I am interesting to learn accountancy
thru short cut methods and in a short duration. Can any
body there to help me. I will be pleased to receive any
sugessions and learning tips to my e-mail

Answer

First u send your E-Mail ID.

Question { 4801 }

Raman site engineer joined on 1-1-2009 in the company with
an agreed salary of Rs 20000/-. On the joining date he was
given advance of Rs 50000/-agreeing for adeduction of Rs
7500/- for month from salary. Pass salary entry till
March,and let me know the advance balance as on 1st April

Answer

1-1-09 Raman A/c Dr 50000/-
To Cash A/c 50000/-
(Being salary advance paid to Raman)
1-2-09 Salaries A/c Dr 20000/-
To Raman A/c 7500/-
To Cash A/c 12500/-
(Being January month's salary paid to Raman, after
deducting the salary advance).
1-3-09 Salaries A/c Dr 20000/-
To Raman A/c 7500/-
To Cash A/c 12500/-
(Being February month's salary paid to Raman, after
deducting the salary advance).
1-4-09 Salaries A/c Dr 20000/-
To Raman A/c 7500/-
To Cash A/c 12500/-
(Being March month's salary paid to Raman, after
deducting the salary advance).

Up to March-09, we were deducted Rs.22500/- from Raman's
salary. Then his balance advance are Rs.27500/-.






Actually, the same question previously I asked, but Iam not
get correct answer. In the above answer I have some doubts.
Pls clarify the doubts. When we are working with Tally
package, for entering the salary advances, we will create
the personal A/c's under salary advances Group in Current
Assets. Salaries A/c are created under Indirect expenses.
my doubts are:
whenever we pay the salary to the employees, we enter as
salaries A/c dr to cash/bank Ac. According to this, we
will know only how much salaries were paid to the staff in
a particular month. Then, how to find about a particular
person salary paid or not?(without help of narration).

Now I required how to find about the particular person's
salary paid or not?, and how much amount of the salary
advance is pending to the particular person? I want both
results seperatly. Please give the solution for it. My e-
mail id: vijji_tv@yahoo.com Thankyou.

Question { 3438 }

Paid a cheque for Rs 26500/- to Vishnu traders on behalf of
Haritha trders for material supply

Answer

Haritha traders A/c Dr 26500/-
To Bank A/c 26500/-
(Being cheque paid to Vishnu traders, on behalf of Haritha
traders, for supply of material).

Question { 3048 }

Is there any classification of direct and indirect expenses
in peach tree? then why?

Answer

Direct expenses are the expenses which are directly
effected to the production of goods, or providing the
services. Ex, Wages, over head expenses, factory
electricity, freight etc., whereas Indirect expenses are
the expenses which are related to the office maintenance.
Ex, printing, ta, salaries to staff, telephone charges etc.

Question { 7599 }

Expand CCA?

Answer

City Compensatory Allowance. It is provided by the
companies to the employees(part of the gross salary i.e.,
PF, HRA, CCA, TA, Special Allowance etc).

Question { 9484 }

How to calculat closing stock?

Answer

Mr.Damul, what is the difference between sales, and cost of
goods sold? Both are one and the same. ur equation is wrong.

Closing stock = Opening balance of stock + purchases -
purchase returns - sales + sales returns.

Question { 10724 }

what is a contra entry how it is passed in journal and
cashbook

Answer

It is the entry which effected the both sides in cash book.
It is occured in three times, i.e., 1.Cash deposited in to
bank, 2.Cash withdrawn from the bank for office use, and
3.Receivable cheque deposited in to the bank in another day.

Question { 13340 }

A commerce interview book specially designed for
Unemployees,Employees,Lecturers,Commerce students and
enterpenuers trying to devlop the the commerce subject is
going to be published. A sample book on the interviews is
ready for free circulation to you. It contains Income tax,
Journal entries useful for various occassions,Terminology,
Terminology test, Multiple answers,Fill in blanks and
Abbreviations. If neede send your e-mail id to me for
immediate circulation. It is quite free free to you. My e-
mail id satyaki_raju@yahoo.co.in

Answer

Please send it to me. Thankyou very much for sending the
sample book to me previously. But in that book only
questions. there is no answers. This time please send with
answers. Thankyou very much for helping. My ID
vijji_tv@yahoo.com

Question { 3694 }

hi friend iam looking for a Accounting job can any body
help me for the interview questions.
can any body send me the Accounts intervoew questions please
this is my email:-subhashnaidu1984@gmail.com

Answer

Hai friend. You verify all the questions published in this
site. It is the best book for u.

Question { HCL, 20616 }

what is CCA is a part of salary?

Answer

It is the Allowance given by the company to the employees.
It means City Compensatory Allowance.

Question { 4704 }

what is outstanding expences give example

Answer

Out standing expenses means the expenses to be paid. For
example, previous month's electricity bills, telephone
bills, etc.

Question { 36350 }

Where we transfer loss in Balance Sheet?

Answer

what is this Sirisha? How loss will be asset to the company?

Question { Genpact, 28344 }

are you in need of accounting interview book. pl ask me
with your e-mail for free book

Answer

Yes sir. I need it. Please send it to the below mentioned E-
Mail ID.
vijji_tv@yahoo.com