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Accounting Interview Questions
Questions Answers Views Company eMail

define export sales contract. distinguish between export sales contract and domestic sales contract.

L&T,

1 14359

state the circumstance under which an agreement is viod abinitio.

College School Exams Tests, Ignou, L&T, SRK,

2 7439

HI ALL PLS EXPLAIN IN BRIEF ABOUT DEBIT& CREDIT& ALSO GIVE EXAMPLES FOR PERSONAL a/c,REAL a/c,NOMINAL a/c?

3 5591

what is the qualification needed for a BPO job?

3 13769

how to calulate central exicise

1 4017

outstanding assests

2 5207

Kindly solve the following problem. Financial accounting. 1. Bheema does not maintain his book in the double entry system . His books showed following facts. Receipts for the year ended 31.12.2007 from sundry Debtors 17625.00 Cash sales 4125.00 paid by bheema (proprietor) 2500.00 total 24250.00 payments made for the year ended 31.02.2007 new machinery purchased 625.00 drawings 1500.00 wages 6725.00 salaries 1125.00 interestpaid 75.00 telephone 125.00 Rent 1200.00 lighting 475.00 sundry expenses 2125.00 sundry creditors 7625.00 total 21600.00 Assets and Liabilities As on 31.12.2006 As at 31.12.2007 sundry creditors 2525.00 2400.00 sundry Debtors 3750.00 6125.00 Bank 625.00 ? stock 6250.00 3125.00 plant 7500.00 7315.00 from the Above data , prepare TRADING A/C, PROFFIT & LOSS A/C for the year ended 31st december 2007 and the BALANCE SHEET as on on that date. Kindly solve the problem

3 9071

What is the Capitalmarket and speech 10 min in capital market? What is Mean by Share,Dividend,mutualfund, detail answer? details of Share market? What is mean by nav & npv over all finance related interview question?

TCS,

1 5779

over all details about tax what is mean by headge fund and detail explanation?

TCS,

2251

P2P cycle with which accounts get effected at each stage

Accenture, Apple, Genpact, L&T, Maruti Suzuki, Meru Cabs, TATA,

1 15190

O2C cycle with which accounts get effected

Meru Cabs,

2 8816

wat is auto accounting

Meru Cabs, TATA,

1 7263

On what basis you will define accounting structure

CMA CGM, Genpact, Meru Cabs,

3 10118

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

eClerx, Meru Cabs,

2057

If balancing account is not assigned to company & is assigned to department wat will be the effects

Meru Cabs,

2036


Un-Answered Questions { Accounting }

difition of reserve & surplus

2315


What do we mean by purchase return in accounting?

1127


What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?

2216


From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900

2131


What is Free Cash?

2228


Explain the different advantages and disadvantages of internal audit?

1091


Define offset accounting?

1071


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

2012


What is Direct Debit

2258


what are the different causes for discrepencybetween the balance of cash book and pass book

1932


Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///

2024


Whether the TIN and CST no. remain same for a firm in M.P. state. If a firm ask for CST but having only TIN no. is it correct to entertain his invoice?

2027


How to calculate excise duty on mobile products?

1871


How can I find out my credit rating score for free?

2096


how to delete a segment value?

391