Interview Questions Answers in Accounting General

niraj purwar

{ City } allahabad
< Country > india
* Profession * teacher
User No # 55621

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Question { IBM, 6270 }

We had purchased 100 Electrodes @ Rs 20/- Each. After a
year we found 2 Electrodes is missing by physical Count.
My Question is what journal entry should we passed against
missing of 2 electrodes.

Answer

Loss by theft a/c Dr. 40

To Purchase or Electrodes a/c 40

Is This Answer Correct ?

20 Yes

0 No

Question { Wipro, 34746 }

formula for capital turnover ratio

Answer

Total Capital Turnover Ratio = Net Sales/Capital Employed

Is This Answer Correct ?

68 Yes

6 No