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

tds percentage on advertisement add agency

3 4706

Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me

1691

How can adjust income tax with TDS???

1 2772

At the end of financial year need to verify the all entries in the books of accounts

CTS,

1 2855

the following information wads extracted ffrom the book of a business man :debtors as on 31/12/1987 $25000 bad debts during 1987 $1000.provision for doubtful debts is to be maintained at 5%. a provision for discount is also at 2%. you are required to calculate the amount set aside in respect of provision for doubtful debts and provision for discounts on debtors respectively

1 2732

what is the differences and similarities of cash inflow , revenue & gain

1 2936

What is the actual meaning of Ledger Account?

1 3083

sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?

1674

On which amount Work contract tax (wct) is to be calculated - on the labour part, on material cost or on aggregate cost (labour + material)?

Insurance,

3 4285

Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

Capital IQ, Construction, Genpact, Real Estate,

2131

How many indian accunting

2 3363

sub hadding no. scrap & Wastage in corrugated box

2184

Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.

ABC,

1771

ER-1, ER-2,ER-3,ER-4,ER-5,ER-6,ER-7 plz tell me use of these excise form

Delight Auto Industries,

1792

What accounts are to be debited and credited in this case o

1857

Un-Answered Questions { Accounting }

A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10

2065

When we received payment from creditors

1667

What is a Balance Sheet & Profit & Loss Account?

1973

How I can evaluate the internal control audit?

1273

my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

1955

What are the four classifications of bad and doubtful debts as per the context of the bank?

1304

Under the accrual basis of accounting incomes are recognised at the time -------------------

2213

what is transposition-cum-demat?

2526

What are source documents in accounting?

1084

Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office

2009

How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.

2077

What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.

2303

What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.

2333

Tell me how can you define departmental accounting?

962

WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?

2405

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