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

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Accounting Interview Questions

Questions Answers Views Company eMail

My estimated income for the financial Year 2009-10 will be 485000/- please make a tax plan to escape legally from paying taxes

1 3986

My income for the current year from Hiring Earth Moving Vehicle to a contractor will be 250000/-my total savings are 125000,payment of my childrens tution fees will be 35000 So mine will be below taxable income .Pl let me know whether there is any chance to escape from TDS obligation.If so Pl let me know the procedure

2 4678

How much can I save U/S 80D to minimise my Tax Burden

2 5401

I am paying LIP to my daughter Rs 12500 per annum since 5 years. last year she got married. Pl advice me whether I can add her LIP payment to my savings to get Tax benifit

1 3913

Define salary for the following purposes 1.Entertainment Allowances 2.House Rent Allowance

1 3942

What is the due date for issue of TDS certificate under salaries and in what form

1 5496

The Book Profit of a firm is 325600/- What is the allowable remuneration to the working partners If it is a business firm If it is Professional Firm and also let me know under what section

6 11009

Dear Sir, i am working automobiles manufacturing company. pls tell me following under head in tally 9.00:- Type of A/c= ledger under creat Sales = Sales Account Purchases= Purchase Account Excise Duty on Sales=???? Education & she=??? Cenvat on Purchase=??? HVat=???? CST=??? Excise P.L.A.=????? TDS=????? WCT=???

1 5049

You give a loan for your friend a 1000 rs he returns 600 rs and u have to close ur accounts what should u do to close the accounts? and given the journal entry for 400 rs?and where will the 400 rs come in new account and entry for that

Bank of Baroda, OPI Global,

11 22559

what about the company background?

Capital IQ,

5 8691

what is article of association? what is memorandum of association?

1 2355

WHAT IS THE JOURNAL ENTRY FOR PURCHASE RETURNS IN THE BOOKS OF PURCHASER & SELLER

7 11933

We have purchased staples Item & vendor charged freight in his invoice.should we deduct TDS on freight charges by vendor?

1 5421

What are the rates of Depreciation? Like machinery items, wooden items?

1 2072

Define Salry for the following purpose 1.To calculate HRA

1 2206

Un-Answered Questions { Accounting }

please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com

2002

Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950

2471

WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.

2213

You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

2069

WHICH QUESTIONS ASKED IN EPFO IN 2009.

1966

what is new updates in account

2103

What was the most chlleging task you face while working in SAP FI/MM and how did you solve?

2011

what are the new rules of central excise ?

1959

Which accounting applications are your familiar with?

1045

is there easy guide for the latest India tax & accounting information for 2010?

2073

What are the procedures for remitting WCT?

2177

SOUTH ATLANTIC OIL AND GAS INC.is a fraud company

2142

From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

4285

please send me andhra bank clerk xam model papers

2097

Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-

1940

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