Accounting Interview Questions
Questions Answers Views Company eMail

Company Providing Mobile handset to all employee on free of cost and returnable basis while leaving the job. My query is- how i account the above transaction - under fixed asset or mobile expenses- ( indirect exp) or staff welfare ( indirect exp ) Kindly suggest

2 3485

In the excise bill I have applied basic excise duty only. The excise duty of cess(2%) and Hcess (1%) is not applied. Is this correct???

1 3167

how to calculate the income in accounting ?

2 3952

how to deduct tds on rent? how to deduct service tax?

2 3881

income of any school & collage can taxable, if "yes" so how.

Mitsubishi,

1 3897

if a company give salary Rs- 6000 and incentive Rs- 4000 julyy month then TDS will deduct by the company from employee account or not.

2 3768

What is the suitable method of charging depereciation?

1 3425

Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.

1665

Increase in one equity with no change in the asset will result in .................... of another equity

1 4142

reserve for doubtful debts is wich type of account?

2 3576

i have 1 year gap after completing my graduation what should i say in interview?

Genpact,

4 12703

Dear sir, Please explain, Suppose I am not adjusted entire year the Input Tax Credit for sales tax related. Sales tax authority will return back the ITC Amount suppose not claiming not adjusted, it is possible or other wise that amount shall I carry forward next year?

1 2899

what is cost price formula ????

ABC,

3 4597

how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.

Essar,

1998

What is Balance sheet in Tally?

1 2602


Un-Answered Questions { Accounting }

The main financial accounting statements?

729


purchase plant and machinery

1204


What do u mean by sales tax and who are sales tax practitioner ?

1980


Hi,  Can somebody help me to know whether WCT MVAt is applicable on catering service, if the caterer is uses his own material and labour for doing cooking in our premises and later the product is sold in the same premises for the employees. Kinldy advice whether WCT will be deducted on this.

1944


what is the right process for input credit of Service tax. and on which service i can take credit.

1459






entry for cash received from debtors

1241


how to calculate forefeiture of share when over subcription

1909


From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

2655


Short Answer on _________Financial accounting

1515


What do you think is a bank reconciliation statement?

713


What is the Finalization of Accounts?

1892


what is the scope of business taxation in private company?

1941


1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).

1721


Define assessment year.

831


give 3 reasons why capital is referred to as a special liability

1429