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Accounting Interview Questions
Questions Answers Views Company eMail

What is the difference between the excise duty and the sales tax?

1 1200

Does the tax liability of an individual get affected due to his residential status? If yes, explain.

1 1112

Explain long term capital gains and how is it different from short term capital gains?

1 1239

At what rate firms are required to pay tax on their income?

1 1342

What is excise & service tax? What is the difference?

1 1108

How many heads are there under total income?

1 1492

What is form c & d in sales tax?

1 1285

How can a taxpayer get a refund for an overpayment of taxes?

1 1214

How many heads are there under total income? Name them.

1 1276

What are the streamlined sales and use tax agreement?

1 1147

What is excise & service tax?

1 1143

Which income is considered as accrued income?

1 1143

What are the deductions under salary head?

1 1151

What are allowable and dis-allowable expenditure?

1 1323

What is income tax? How is it calculated?

1 1196


Un-Answered Questions { Accounting }

what is tds rate of WCT applay for sale tax ragistard company.

2679


what is the new rate of c.s.t in uttraklhand

2438


What qualities have you got that would make you a good accountant?

1099


2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account.

2315


pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com

2083


For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production

3083


can any one send me tally professional version link

1705


what salary you expect???

2198


Tell me do you have any professional experience of this field?

1195


CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c

1564


why i want to join Hawkins company

2299


please send me andhra bank clerk xam model papers

2100


Can anyone mail journal entries for me? my Mail id rukmini@live.in

1976


someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..

2571


formula of reduction in tax credit of vat form 201(gujarat)

4317