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Accounting Interview Questions
Questions Answers Views Company eMail

What is debit and credit?

8 10317

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 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.30 million per annum. The plant can be sold for 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 annum 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 installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?

3171

pls help me make a full salary with all deduction like PF, ESI, HRA, Basic, conveyance etc with full rates% supose my salary is CTC 10660/- & give me full form of CTC

Divya, Videocon,

3 35288

what is accounts?

4 7140

What is personal account?

HCL,

4 8201

What is properties or real accounts?

3 5407

6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

2346

Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.

3642

Why did you choose our firm rather than other firms?

Ernst Young,

1 7161

What sort of image do you have?

Ernst Young,

2042

Where do you see yourself in 5 years time?

Ernst Young,

2 7146

What is the motivation to join as an auditor @ Ernst and Young ?

Ernst Young,

2841

What do you know about KPMG?

KPMG,

4834

Why did you choose our firm rather than other firms?

Ernst Young,

2462

Did you apply for any other big 3 companies?

Ernst Young,

2258


Un-Answered Questions { Accounting }

how to caluclate the central exicse duty? how to implemting in to tally ERP9?

2102


i qualified karnataka bank clerical exam, next month 15-4-2017 may be interview there..... suggest me some interview tips andtell me the expected question to be asked in the Karnataka bankclerical exam plz reply to my mail.... meghas.madhu25@gmail.com

870


How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

1873


a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry

1974


1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?

1953


Tell me what do you believe makes a successful account executive?

1085


what is the good prasentation on interview

2556


explain about mergers & aquisitions? asked on 30/7/09

2320


pass journal entry for Prepaid insurance

1737


Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

1997


how many types of practice accounts?

2074


What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese

2083


how to calculate vat,pf,esi,service tax in corporate firm

2026


What are mis reports and do you prepare it?

1135


How to pass an general entry for materials which are stored in warehouses??????

2353