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

What are control ledgers? What are the purposes of maintaining it?

1168

What do you mean by ledger posting?

1075

What is journalizing? What are the columns of a journal?

1158

List the type of transactions entered in journal proper.

1146

Explain compound journal entry.

1037

What is a ledger? What do you mean by ledger posting?

1111

Explain miscellaneous expenditures & profit and loss account debit balance

1074

Define financial year?

1122

What items fall under the category of ‘securities’?

1051

What items come under deferred tax liability?

1119

Explain deferred tax asset?

1312

Differentiate between financial year, assessment year and previous year?

1253

Who are non resident?

1115

What is the difference between fund flow vs. Cash flow?

1090

Define deferred tax liability? What items come under deferred tax liability?

1172

Un-Answered Questions { Accounting }

what is the relationship between cost accounting financial accounting and managerial accounting?

1043

Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.

1701

Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572

2407

In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/

1654

how & on which amt tax should be calculate on pvt ltd company or ltd company

2340

When should a company sack its auditor?

2165

What are the methods used in different industries for labor and non-labor costs in Projects.

2054

EXPAND___________IMA

2105

Tell me entries to revenues accounts such as service revenues are usually?

3771

Please do tell me about the questions which are asked at BACS FINAL ROUND.

2170

how will you adjust voluntary seperation payment in cash flow statement

2093

WHAT IS FORM AND OTHER REQUIRMENT FOR FILE EXCISE RETRUN AND HOW WE FILE EXCISE RETURN ?

1875

What is a business transaction in accounting?

1145

Explain financial accounting. What are its characteristic features?

1114

What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance

6323

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