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Accounting Interview Questions
Questions Answers Views Company eMail

Accounting basic rules with example relevant to day to day business

Wipro,

2 4590

For the assessment year 2011-12, ie., FY 2010-11, is there cess on TDS for Professional fees ?

3 4768

how to know which item is contingent liability? and why it is not taken in treatment in final a/c....

1 3894

why we transfer wages and salary in trading a/c,and why we transfer salary and wages in p/l a/c?

2 17879

how to calculate tds on salary.if the 500 employee work in my company.so how calculate tds for each employee.

1 3656

how to reconccile account payable & account receivable.please provide best solution with example

1 4021

I have raised a Invoice of Rs. 78964 including service tax rs. 964 in month of April and service tax paid to Govt for April month/ We have voide this invoice in May'12 due to services cancelled by the customer, pls let me know can we adjust this paid service tax amount in our May service tax payable....and how to pass voide bill entry.....

1 3452

How to make balance sheet, please advise me in details... Thankx

1 4195

Calculate the current assets from the following information A>credit sales Rs.2,00,000 B>G.P.ratio 20% c>stock turnover 5 times. D>Current liabilities Rs.60,000 E>Quick ratio 0.75 Stock at the end Rs.5000 was more than the stock in the beginning.

1 3443

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

1956

Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.

2285

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

2257

For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production

2900

when we give to payment for contractor what entry pass with tds?

3 14562

how we pass commission entry when we give to other with tds ?

GFS,

1 3801


Un-Answered Questions { Accounting }

Short answer on Amalgamation

2258


why do you want to work here?

2104


What to do after the audit?

1023


How can you actualize cah flows of 5 years at 8%

2094


Revenue Expenditure

2072


Short answer on____________Assessment Year

1782


Audit strategy based

2409


Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!

2108


please tell me questions asked in NICMAR for the post of accounts executive

3969


how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)

3491


Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai

1954


What is the difference between inactive accounts and dormant account?

1184


how to upload ledgers in excel or word document

1975


wages posted twice what is the entry for that?

2307


what are accounting principles

1957