Accounting Interview Questions, Answers for Freshers and Experienced asked in various Company Job Interviews

Audit (531)
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Accounting Interview Questions

Questions Answers Views Company eMail

Explain tangible assets?

1126

Explain the different advantages and disadvantages of internal audit?

1081

Explain the importance of internal audit to the organization?

1136

Define vouching?

1081

Explain the importance of evaluating an internal audit department?

1086

Explain the basic principles of an internal audit controlsystem?

1123

Explain what are the different functions of internal audit?

1115

Define decommission liability?

1256

Explain the purpose of meeting in audit?

1191

What are the reasons for getting audited?

1116

Private purchases amounting to rs 5000 have been debited to purchases account

1502

Payment made to creditors is a

1 1830

If there are 15 credit purchases during a given month, then there will be ....................... posting from the purchase book at the end of the month

2 3372

barwaha

1104

Sir what is IFUSL? Asked in bank loan form

1 3081

Un-Answered Questions { Accounting }

what is Calculation of Gross Profit Or Gross Loss?

2238

why should the company give first perference to the perference shareholders?

2512

Describe the proof of cash type of bank reconciliation?

1904

Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?

2565

when & how interest on unsecured loan is calculated?

1916

Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.

3296

what is debit balance report in SAP?. how do you describe DB report in brief.

2012

how to entry of hra

2269

WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM

2122

Tell me what is the abbreviation for the accounting terms debit and credit?

1027

What is fiduciary accounting?

1082

What is the difference between deferred revenue and accrued revenue?

1097

What is meant by calendar maintenance?

1162

WHAT IS CORPORATE ACTION?

2158

Explain what is bad debt expense?

4022

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