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Accounting Interview Questions
Questions Answers Views Company eMail

A is vendor of B. B owes him 50000/-. A asked B to conduct an event on his behalf and the expenses incurred by B was 25000/-. A issued a credit note in favour of B in full , stating that TDS done @10% on 25000/-. Now , B has to settle A's balance. 1.Entries in the books of B 2.How much B repaid to A for settlement and the Entry in his books.

CTPL,

5 7088

what is the meaning of capital market?

TCS,

1 3978

Provison for payments (benefits received but bill not received at the closing of accounts)(utilites, Telephone, Rent)

Accenture,

1 5350

What Is Differ tax,

2109

A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.

1982

Is bank charges in accounting a direct expenses or indirect expenses

7 30873

I am trader & my office in Delhi & I have any Material purchase from Puna & I want directly dispatch material from Puna to Ludhina which my customer. So what can I do this transaction ? & what will the tax pay.

2 4379

What is Debenture ?

Panosonic,

4 6325

What Debt Equity Ratio ?

HCL, ICICI, Xchanging,

2 6908

WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?

Essar,

2639

should we can take modvat benefit any time or they have some limit time to take input benefit claim?

2557

I plan to buy a new flat in Hyderabad which has never been registered before. Area of the flat is 1115 Sq. ft. I intend to know the following things.1.) what should be the amount of registration?.2.) Is there any VAT. If there is VAT what is the percentage?.3.) Is there any service tax. If so, what should be the percentage? as per F.Y 12-13 rule

2416

I am getting a salary of 50000 Rs Net salary. After showing my rent bills and children school bills, still I am being deducted a TDS amount of 2000. Is there any chance of even avoiding this amount to be deducted by investing in any insurance. Please give me a suggestion.

2 4439

ambar became insolvent a dividend of 50 paise in rupee is received required journal entry for this transaction

1 10684

how can i solve accounting problems easily ????tell me the basics

Accounting,

2 5298


Un-Answered Questions { Accounting }

What we mean by MAT Credit Entitlement ???

7224


Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.

1476


we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?

1979


in terms of accounting the trial balance when is it taken?

1065


i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.

2161


What does an internal audit charter contain?

1182


Other accounting interview questions to expect when you interview for an accountancy job include:

1024


i need to pay around $90000 to Mr.R and the agreement clause says that any amount payable as tax are not included in the amount.So how much i need to deduct TDS...??

4017


What are the 4 phases accounting?

1037


Tell me what a deferred asset is and give an example?

1132


what is cost taxation

2071


What is entry of Dishonored cheque issued to supplier

1320


what is the reason for balance sheet not getting tallyed

2239


What does the abbreviation dr mean in accounting?

1122


What do you mean by custodian/Depository, & what are the different types of Depository? (NSDL/CDSL)

4447