Accounting Interview Questions
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A company issues new debentures of Rs.2 million, at par; the net proceeds being Rs.1.8 million. It has a 13.5 per cent rate of interest and 7 years maturity. The company’s tax rate is 52 per cent. What is the cost of debenture issue? What will be the cost in 4 years if the market value of debentures at that time is Rs.2.2 million?

3078

Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 You are required to calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

1 3299

Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why

3327

Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?

2 6112

Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

4 11713

How do caculate goodwill of a company?

Genpact,

2 5842

what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??

1538

is F form needed while making intra stock transfer ?

2 5730

what the three thing that can not make accounting statement balance?

1 3785

mention five items that is commonly use when preparing trading and loss account

2 3997

why u maintain accounts in business

2 3875

ONE EMPLOYEE TAX CALCULATION: GIVE INVESTMENT OF HOUSEING LOAN BUT HOUSEING LOAN TAKEN HIS BROTHER AND SECOND APPLICANT THIS EMPOYEE SO, QUE ARRISE IF INVESTMENT DOCUMENT OF LOAN TAKEN OR NOT....?

INDUS,

1 3636

What is the CST rate in India for sale of Tractor spare parts

Infosys,

1 5738

where will lostv appear in balance sheet?

Alfa Automation, TCS,

1 3332

what is accural

Genpact,

5 8345


Un-Answered Questions { Accounting }

What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

1473


what are the important steps to take during the conversion of an accounting system.

1509


India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,

1685


CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

1968


What is the difference between Accruals and Provisions?

1154






What is mean by working capital?

640


Explain how to do an internal audit effectively?

672


Queries for Big4 Articleship : Whether son of CA in practice effects chances.

6507


If the company acquires equipment prior to incorporation what are the accounting entries?

1184


Explain under what type of account does the unearned revenues fall?

3447


I want to know the TDS ammount which deducted by company.

4629


i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible

1484


what is central excise tax

1641


HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.

1596


Explain about cross functional audits?

1955