Interview Questions Answers in Accounting AllOther, General Knowledge_Current Affairs, Marketing Sales, Accounting General, Banking Finance

Questions / { ankita jaiswal }

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Answers / { ankita jaiswal }

What are bad debits?

Answer

i want to add one point that bad debts are deducted from
debtors in the balance sheet and they are shown on the dr.
side of profit & loss a/c as expense.

Is This Answer Correct ?

3 Yes

0 No

Question { ICICI, 12623 }

how much salery expect from me ?

Answer

as per the requirements of the post u are selecting me for
or if u are a fresher then not less than 25000 per month if
u consider urself that much capable.

Is This Answer Correct ?

5 Yes

0 No

Question { HP, 39307 }

Describe a time when you anticipated potential problems and
developed preventive measures.

Answer

it is the preliminary stage of the company or can say the
starting phase of the company when the company faces
initial losses then with time comes at the break even point
and then starts earning profit.

Is This Answer Correct ?

39 Yes

12 No

Question { ICICI, 16019 }

WHAT CAN YOU BRING TO THE COMPANY TO MAKE IT BETTER

Answer

innovative ideas, hard work as well as smart work for
enhancing companies goodwill,promotional ideas for
capturing market and many more depends on the situation.

Is This Answer Correct ?

6 Yes

0 No

Question { Spectra Soft, 88758 }

what is the difference between cash book and petty cash
book?

Answer

1)cash book is used for large firms while petty cash book is
used for small firms like small shops.
2)cash book is monthly basis while petty cash book is daily
basis.

Is This Answer Correct ?

28 Yes

50 No

Question { 40370 }

Is Goodwill a Intangible or Fictitious Asset ?

Answer

it is an intangible asset as it cannot be touched or it does
not have a physical appearance.

Is This Answer Correct ?

27 Yes

7 No

Question { Siemens, 5033 }

What are rules of double entry system ?

Answer

the rule of double entry system is that the same transaction
will affect two sides,one debit and corresponding will be
credited in another side.

Is This Answer Correct ?

2 Yes

0 No

Question { Godrej, 7752 }

what is the role of journal in accounts

Answer

journal is helpful for recording the day to day
transactions of the business.it is helpful for postings in
ledger.without journal further books of accounts cannot be
made.

Is This Answer Correct ?

5 Yes

0 No

Question { 13491 }

what are the question going to ask for freshers about
acccouting knowledge and how to prepare ourslf ...

Answer

the interviewer can also ask for ratio analysis,cash inflows
& outflows,meaning of equity shares,difference between
equity& preference shares.

Is This Answer Correct ?

17 Yes

2 No

Question { Hindustan Motors, 7129 }

break even point

Answer

it is the point where the company incurs neither profit nor
loss.at this point the company would like to produce or
manufacture instead of closing down the unit.

Is This Answer Correct ?

3 Yes

0 No

Question { 3177 }

WHAT IS THE BASIC PRINCIPLE WHICH INFORMS THE HEALTH OF A
COMPANY THROUGH ACCOUNTS

Answer

the health of the company can be verified if the companies
assets are more than its liabilities.it is stated in the
balance sheet of the company.

Is This Answer Correct ?

1 Yes

0 No

Question { 9844 }

What is LIFO and FIFO ?

Answer

lifo is last-in-first-out and fifo is first-in-first-out.it
is mainly used in stock valuation and stores ledger.

Is This Answer Correct ?

28 Yes

0 No

Question { 6580 }

Explain how ratios may be used to assess the profitability
and liquidity of a business

Answer

for liquidity ratio there are two-1)current ratio 2)quick
ratio. for profitability they are divided into 2 categories-
1)on sales basis-a)gross profit ratio b)net profit ratio c)
operating ratio
2)on investment basis-a)return on capital employed b)return
on shareholders fund c)earning per share

Is This Answer Correct ?

18 Yes

2 No