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Accounting Interview Questions
Questions Answers Views Company eMail

what is the use of gl_interface?

Oracle,

361

what is the specific purpose of assigning balancing segment values to the legal entity in accounting manager setup (as once assigned, the same value is not allowed to be selected for any other legal entity), if this value is usable for the operating unit(s) that does not have this legal entity context?

Oracle,

370

can a flexfield qualifier be changed after it has been created?

Oracle,

395

what is a funding budget? And what is its purpose?

Oracle,

378

what are spot rate, corporate rate, transaction calendar and accounting calendar?

Oracle,

424

will the values that get entered by the user in dff fields be updated to database?

Oracle,

494

can the gl period be closed when there are unposted journals in the period? What error will it give?

Oracle,

428

what is the maximum number of periods allowed in a year while defining gl calendar? Can you two periods in gl calendar overlap?

Oracle,

381

what is planning budget?

Oracle,

384

how to delete a segment value?

Oracle,

383

what are the various type of accounts in gl? And at what point is the type of account identified? And explain the nature of accounts?

Oracle,

359

how many types of budgets are there?

Oracle,

372

what is encumbrance?

Oracle,

386

what are the maximum number of period that can be open in gl?

Oracle,

404

Are these new fields that get created as a result of dff free text?

Oracle,

377


Un-Answered Questions { Accounting }

Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

1903


total capital stock

2113


Accounting transactions are recorded in accordance with thier legal form or substance. Briefly explain the legal form and substance of the accounting transactions and give one relevant example.

2235


what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c

2197


tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?

4823


We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.

1771


What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?

8764


I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?

2060


How do I charge bank charges on payments to clients

2069


hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj

1663


How to prepare HSD statements in tally

2254


i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me

1891


Explain why retained earnings have an opportunity cost associated?

3481


can I add hundreds of fields to a given screen?

372


Depreciation method to using Indian company names

2228