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Accounting General Interview Questions
Questions Answers Views Company eMail

How much mathematics knowledge is necessary or required in accounting?

987

Define the term material facts in accounting?

1184

Mention the types of accounts involved in double entry book-keeping?

1042

Define trade bills?

1168

Do you have any idea about gst?

1059

What are the accounting events that are frequently involved in compound entries?

1102

Which account is responsible for interest payable?

1 2590

Mention why some asset accounts have a credit balance?

1027

Can you name any other accounting application?

1089

What are the rules for debit and credit for different accounts to increase the amount in your business accounts?

1140

How can you define departmental accounting?

1217

In accounting, how do you define the premises?

1212

Differentiate accounting and auditing?

1098

Explain what is accrual accounting?

1017

Define a company's payable cycle?

1193


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Un-Answered Questions { Accounting General }

When a merchant sales of goods included/charged on packaging charges ,cartages and insurance;i.E :-Indirect income/revenue income and indirect expense/revenue expenditure. Plz suggeste me correct answer.Through messages,mail .

1553


What is journalizing? What are the columns of a journal?

1115


Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.

2107


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

2119


The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).

2078


How Can We Differ Horizental & Vertical Balace Sheet? Explain.

1800


Explain an example of a tough decision you had to make quickly?

981


Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)

2026


HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?

1963


In which account does the unpresented cheque will get recorded?

1094


how will you adjust voluntary seperation payment in cash flow statement

2046


Tell me what steps would you take to increase revenue for this company?

977


what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716

3731


how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.

2313


What are the most important goals of accounts receivable?

1005