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

Accounting General Interview Questions

Questions Answers Views Company eMail

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

3832

Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?

3959

Explain me where a cash discount should be recorded in journal entry?

3917

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

3798

Explain what is bank reconciliation?

3813

Tell me what is ledger?

3848

Tell me entries to revenues accounts such as service revenues are usually?

3712

Explain what is bad debt expense?

3937

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

1456

Payment made to creditors is a

1 1740

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 3268

Capital reserve is - a) real account b) nominal account c) personal account d) none of them

872

Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.

857

Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored

939

SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT

2110

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Un-Answered Questions { Accounting General }

Into which account do we close the revaluation account balance during the winding up of a company?

1920

When we received payment from creditors

1600

purchase plant and machinery

1488

1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?

7752

What is accounts receivable?

1050

what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam

1819

Follow up ageing balances of Debtors & Creditors and also Inventory

1991

Plz Ask from me New Accounting Questions.

1853

Explain me scrap value in accounting?

1075

Explain me the difference between public and private accounting?

1041

Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss

2357

why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason

1495

what is the primary of for-profit organisation

1813

What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?

1586

I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

1779

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