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

I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.

1906

What is work contract?

2 5716

What is ITC and on which goods we can claim it?

2 4952

which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan

TCS,

2355

Expand SEBI

1 4772

what is main rule of accounting?

Accenture,

1 4787

All Expences Debit?

2 4751

please tell me debit credi entry , in respect of salary advance and how to deduct,advance paid to employee

Morgan Stanley, Tops Technologies,

6 10732

i dont no what is tcs and tds what the use and how to calculate Tcs&Tds

UniverCell,

2105

I MR A REGISTER DEALER IN MUMBAI [MAHARASHTRA], I WANT TO PURCHASE GOODS FROM BANGLORE AND DIRECTRY SALE TO HYDRABAND. IN THIS CASE WHO TO MAKE / PREPARE MY SALES BILL IN MUMBAI AND WHICH SALES TAX FORM I WHAT TO ISSUED.

1901

Journal entry of outstanding wages is Wages a/c dr TO O/s wages a/c In the Above journal entry why outstanding wages has to be credited ? and o/s wages comes under which account, and why (Personal, Real, Nominal)

Capital IQ,

7 31781

What is bond ? What is capital market?

Northern Group,

2023

Is vendor statement recon done as two way process? Statement to Ledger Ledger to stement?

Capital IQ, Cognizant,

4 9288

what is the diffrence b/w TIN and CST both are same?

3 6514

I Need Full details about calculating value added tax ?

1 4234

Un-Answered Questions { Accounting }

WHAT IS BANK RECONCILIATION STATEMENT? DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY? MEMBERS IN PUBLIC CO AND PRIVATE COMPANY? WHAT IS DEPRECIATION?

2204

At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?

2452

procedure of service tax

2120

What is Mean By FRS for HQ reporting, How To Prepare?

2063

What is difference vat

2136

What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...

4760

in a every intervew asking one common question why you are living current employer, which is the best answer

3033

calculations of pf

3851

Can you differentiate public and private accounting?

1284

If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

2049

what is joint venture?

2106

we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

1722

income from depreciated asset is profit or loss?

1490

how to solve cashbook question

3275

what is differred tax liability? explain in detail with some example.

2988

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