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

Create Good Will of Rs 125000 and apportioned between the existing partners A,B and C as per their sharing ratios 25%,35% and the remaing %. Pass journal entry

1 3757

Ramana deposited directly in our Andhra Bank towards deposit for DealershipRs 15000/-Pass entry

Andhra Bank,

6 8611

Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry

2244

Good will of Rs 100000 brought by D,a new partner was withdrawn by the partners in equal ratios.Pass required entries

1 3637

Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry

9 62744

Sold goods worth Rs 75000/- inexchange of old furniture worth Rs 15000/- and balance in cash. Pass entr for it

1 4046

A furniture dealer purchased 10 units of sofa sets each costs 2500 out of which one is for shop purpose.Pass necessary entry

5 6553

Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry

2231

Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry

2292

Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

1922

Purchase of goods worth Rs 354800 from Anand traders which is inclusive of vat tax 4%. Pass entry showing vat in detail

Reliance,

1 3018

Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note

2149

Sent debit note to Vijay traders for short supply of material Rs 4500/-Pass entry

1 5351

Transfer nett profit of Rs 325000/- to Reserves and Surplus

2492

Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it

2347

Un-Answered Questions { Accounting }

How much is the VAT in UAE

1536

Why does the accounting equation have to balance?

1085

During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?

1953

what do you meant auction? what is F & o segment?

2352

Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana

3115

What is reversing journal entries?

1240

Mostly what type of manufactures are coming under TDS and basic rate for each category

2010

in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule

2654

Scope and nature of Accounting

2130

After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?

1840

using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts

1951

Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

2008

WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?

1955

what is absorbtion coasting?

2337

what is investment banking

2044

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