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Accounting Interview Questions
Questions Answers Views Company eMail

What is Scientific Purchasing?

Loadstar,

1 24831

what is the difference between time keeping and time booking?

1 29290

what is bank reconcillation statment,balance sheet,thumb rules of accounts,depreciation?

1 4831

Which book is best for fringe benefit tax ( FBT )

1 3925

which book is best for VAT ( gujarat ) & TDS

4633

how to record journal entry for tds on salary on quarterly basis?

Bharat Trading, BTA, Duravit, HDFC, Metatron, Reliance, TCS,

28 71093

what is market captilization?

FactSet Systems,

4 11085

what is working capital in what way it is useful for company or orgainzation

FactSet Systems,

6 10614

Can we get benefit of TDS deducted in FY 2005-06 and I have received Form 16A from Payee in FY 2008-09 i.e after 3yrs.

1 4609

WHAT IS VOSTRO Account?

Banking, Wipro,

1 4865

why net profit is added to balance sheet, is there any reason

3 6171

what is amortization

8 11301

what is the deffirent between TDS & TCS

5 10144

What is revenue recognition.

NTT Data,

1 5325

what is form 'H'? and why its used in Manufacturing Industry?

TATA,

10 53332


Un-Answered Questions { Accounting }

pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com

2095


Please some one tell me what is the VAT or WCT rate for works contract at Tripura

2587


Does any one attented HSBC audit compliance test? Please let me know asap. suraj

2885


rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.

1759


You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

2400


What is meant by advance ruling? What is the scheme of advance rulings?

2080


SOUTH ATLANTIC OIL AND GAS INC.is a fraud company

2153


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).

2187


what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1882


There is no item category assigned to account

2233


hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much

1981


2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account.

2324


Treatment of Government grant and its utilization in P

2189


please provide to us the rules of wct in andhra pradesh (Hyderabad)

2279


Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP

1982