Interview Questions Answers in Accounting AllOther

Questions / { mohammed }

Questions Answers Category Views Company eMail

Answers / { mohammed }

what is fixed cost?

Answer

Fixed Cost is the cost which remain fixed through out the
business period irrespective of change in level of
production for eg;salary, rent etc.

Is This Answer Correct ?

1 Yes

0 No

Question { 11704 }

what are variable costs?

Answer

costs which vary with the volume of production and directly
porportional to the units of production is called variable
cost. Variable cost per unit will be same for all the units
produced

Is This Answer Correct ?

2 Yes

0 No

Question { Wipro, 9540 }

What is Gross Income?

Answer

Gross income is nothing but a gross profit.
Gross profit = opening stock + net purchases +direct
expenses - Closing stock

Is This Answer Correct ?

6 Yes

2 No

Question { Infosys, 20305 }

how to introduce ourself

Answer

I am mohammedghousemohiuddin born on 7th july 1971 brought
in hyderabad. I complete SSC from Dazzling High School
which is situated in moghalpura. and complete Graduation
from Osmania University in 1995 and complete masters degree
ie (M.Com from Anwar ul Uloom College in 1998) and joined
as a lecturer in the same college for 5 years and came back
to dubai and work as a cost and management accountant for 4
years in Dubai Royal Trading Co LL. now searching the job.
pray for me for rest of the life

Is This Answer Correct ?

1 Yes

10 No

Question { TCS, 96959 }

RULE IN GARNER VS MURRAY

Answer

this rule says that when a partnership firm is dissolved...
then first of all, all partners shall bring the realisation
loss in cash in their profit sharing ratio... following
that, if any partner is found insolvent then the solvent
partners who have credit balance in their capital a/cs
shall bear the loss of the insolvent partner in their
profit sharing ratio

Is This Answer Correct ?

31 Yes

45 No

Question { Scope International, 23578 }

What is General Ledger

Answer

General ledger is the end balances of books of accounts
by
mohammedghousemohiuddin

Is This Answer Correct ?

1 Yes

2 No

Question { FIC, 49734 }

Why depreciation is charged in P&L Account?

Answer

I love you deepa because of your goods answer?

Is This Answer Correct ?

5 Yes

1 No

Question { Capital IQ, 9804 }

What is mean by Dis-investment

Answer

In simple terms it is exactly opposite to investment

by
Mohammedghousemohiuddin

Is This Answer Correct ?

1 Yes

5 No

Question { Infosys, 19354 }

Which game is played only by women

Answer

I think only indoor games played by women

Is This Answer Correct ?

2 Yes

4 No

Question { 19757 }

what is the difference between cash flow and profit and
loss account?

Answer

CASH FLOW
only teh actual cash received or spent will be entered.
credit transactions will be ignored.

PROFIT AND LOSS A/c
It is more of accrual basis, all transactions that are
happening in that accounting period will be entered

Is This Answer Correct ?

6 Yes

2 No

Question { 32126 }

What is smallest 4 digit number?

Answer

1000 is the 100% correct even though it is a very very
small question but two members written wrong I do not know
who can give silly reply of small question

Is This Answer Correct ?

40 Yes

12 No

Question { Maersk, 70097 }

what is entry for depreciation?

Answer

Depreciation a/c Dr.
To Accumulated Depreciation on concerned fixed asset
(being the depreciation calculated for the year....)

Is This Answer Correct ?

84 Yes

15 No

Question { TATA, 103193 }

What are direct and indirect expenses

Answer

Direct Expenses are those expenses which are paid in
relation to manufacture of products directly Eg: Machinery
repairs, Labour, Factory wages,power, fuel etc.

Indirect Expenses are those expenses which are paid
after manufacturing of goods. Eg: Administrative Exp,
Advertisement, Selling & Distribution etc.

Is This Answer Correct ?

154 Yes

17 No

Question { Lloyd, 5704 }

What is the safety of margin?

Answer

Safety of margin the difference between actual sales and
break even sales
safety of margin = actual sales - BEP

Is This Answer Correct ?

4 Yes

0 No

Question { 6747 }

Stale Cheque entry in the books & when it reissued again
then Entry in the books.

Answer

When stale cheque is received back we should pass the
following journal entry
Bank a/c Dr.
To Supplier

and the same cheque cannot be issued once again but we can
issue new cheque with the same name which was issued
earlier at any time either immediately or passing some time

Is This Answer Correct ?

11 Yes

4 No