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Accounting Interview Questions
Questions Answers Views Company eMail

Assigning natural account to accounting seg. What will happen

Meru Cabs,

2057

wat is mass allocation and when it is used

Meru Cabs,

2041

what is MD050

Meru Cabs,

1 5775

what is withholding tax

Meru Cabs,

3 9226

what is budgeting and steps required to configure this.

Meru Cabs, Virtual Studio,

1 6166

How to reconcilation of modvat

GCI,

2335

What is contra entry?

16 26783

What is column cash book?

6 17002

what is Penal account

6 16068

What is general entry credit purchase?

Infosys,

26 34807

What is general entry credit purchase with discount?

Intelent,

9 17320

What is the reason for balance sheet not getting talleyed?

3 7175

what is BRS? 12.Why is it used ?

14 19312

Why do we prepare trial balance?

IBPS,

17 32413

How do u calculate closing stock in training account?

6 8391


Un-Answered Questions { Accounting }

Please provide me the entire format of P.F. & ESI

2120


sub hadding no. scrap & Wastage in corrugated box

2184


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

1219


what is the relationship between cost accounting financial accounting and managerial accounting?

1048


What is Provision for expenses?

2270


Do you know what is liabilities and what all does include in current liabilities?

1041


how form h fill up?

2394


Audit strategy based

2476


Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

6553


CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c

1528


Why we debit expenses and credit incomes ?

1813


What does an internal audit charter contain?

1192


How calculate Rent income exemptions from taxable income under income tax act.isnn't 30% of total income???? plz explain with example?

2041


Expand-------ATBN

2144


What elements of your job do you find most difficult

5774