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Accounting Interview Questions
Questions Answers Views Company eMail

I am register delear in Maharashtra state, I sold pulses to a register delear in Andrapradesh state. In Andra state tax is applicable on pulses, but in Maharashtra pulses are tax free, So I have to take "c" form from buyer party or not ?

1 4037

what is the difference between profit center area and business are.? please make me clear.

1 2533

our customers deduct TDS under sec.194-J and make the payment. we deduct TDS under sec.194-J to clients and pay them professional fees. can we get credit of TDS which we made to our customers and claim for what we have to pay

Hitachi,

1 5962

What is the diffrence between General Exp. & Misc. Exp?

Tata Steel Limited,

5 19711

A prouduct passed through three stage of the production and product for each stage become the raw material for the new stage further raw material on also added at each stage . During the march 2000, 1000 unit of finishied prouduction produced with following expenditure. A B C material 10000 8000 4000 labour 8000 12000 6000 on cost 5000 4000 2000 inculuded expenses amount to 5200 and to be allocated on the bassis of labour main raw material issue to stage A was worth rs 6400\- prepare the procesing cost account with unit each stage and total cost finishied product the final stage.

1 3880

Hi, I attended an interview recently for the post of Accountant, where I underwent a account test. Now I got selected for the second round interview. I am sure that in the interview, they will review my test result. If I had made some mistakes in the test, how should I answer them?

4 6985

what is cash discount?

Capital IQ,

7 12567

what is the difference between pay order and demand draft?

2 5400

How to fill up the Challan (Form-VIII)of profession tax?

eMeasurematics,

2 13336

how to calculate professional tax, what is the percentage and also turn over tax.

FactSet Systems,

1 3142

what is TDS what percentage its calculated

1 5757

What is meant by Centeral Excise tax waht percentage its calculated

3 5650

what is the pecentage of sale tax

2 4780

A cement product which MRP value is Rs. 280. Now how it calculate the Basic Excise on MRP or my Selliing value from factory?

Udapudi Cements,

2 24007

correction of sundry creotors

1 2723


Un-Answered Questions { Accounting }

Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - virupaksha_krt@rediffmail.com

2123


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

2082


please send me last 3 years question & solution

2180


updated rates of sales tax & VAT in Maharashtra

2910


SOUTH ATLANTIC OIL AND GAS INC.is a fraud company

2153


Hi any one send me the configuration steps for make to order and make to stock in sap .send to my mail id c.sujatha2008@gmail.com

2160


Please mail me the TDS rates for the year 07-08? aamirdeba@in.com

2102


Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

2373


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

2176


what accounts payable applications are your familiar with?

1207


The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.

1787


Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards

2251


how & on which amt tax should be calculate on pvt ltd company or ltd company

2397


What will be the planned expenditure in the budget 2009-10

2395


The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.

2251