Interview Questions Answers in Accounting General, Accounting AllOther

Question { 5940 }

what is entry of depreciation in journal

Answer

Depreciation A/x Dr
assets/machinery Cr
(Being Dep Chagred On Machin at 15%)

Is This Answer Correct ?

6 Yes

0 No

Question { 7079 }

how do we pass the Entry for Depreciation?

Answer

Depreciation A/c Dr
To Assets a/c Cr

Is This Answer Correct ?

3 Yes

0 No

Question { 7079 }

how do we pass the Entry for Depreciation?

Answer

its very simple question
Depreciation A/c Dr
to Assets(UPS) a/c
{Being Depreciation Charged on UPS @ 80%)

Is This Answer Correct ?

1 Yes

0 No

Question { 9568 }

WHAT WILL BE ENTRY IF COMPANY PURCHASE A DOG FOR SECURITY
PURPOSE?

Answer

First Ww should know y is dog purchase for Business purpose
or Personal use

If its Nuture of company is security
its

P/l A/c Dr
Indirect Expenses a/c

Personal use

Drawings
Cash a/c

Is This Answer Correct ?

3 Yes

1 No

Question { 11130 }

How to take the closing balances of all ledgers into next
financial year as opening balances in tally?

Answer

Very Simple:

and one thing u should know when closing entries passed
just change that nature :
Expense allways(Telephne Charges )Debit Balance
when closing entry passed just Put Credit balance
if telephone charges for year ended Rs.3000
Closing Entries Will be
Profit & Loss A/c Dr
Telephone Charges Cr
(Being Tr)
You can Try it

Is This Answer Correct ?

6 Yes

3 No

Question { 4001 }

How to split the company in tally?

Answer

First Step
Select the company --> Press Alt F3 --> Select Split Company
Data --->Select the company -->Split from As you Wish Type
there Thats all

Is This Answer Correct ?

8 Yes

0 No

Question { Banking, 8132 }

sir, i m working in an ngo as accountant but new. pleas
clear my doubt in tally. suppose 'a' salary is 5000. he
taken 3000 advance from salary and not returned. i paid a
cheque next month rest 2000. 'b' salary is 10000, taken 5000
advance from salary and returned so i paid him 10000 total
salary. what all to do in tally. is the following procedure
is ok or not?

Answer

if 'a' Salary 5000 ,advance paid 2500

entries is

Salary In Advance To A 3000 Dr
salary(A) Dr 2000 Dr
To Cash/Bank a/c
(Being salary paid for the month of July-2012)

Is This Answer Correct ?

0 Yes

1 No

Question { MNC, 6331 }

Explain the features of Equity share capital?

Answer

its a risk capital
equity share holders are the owners of the company
they have voting rights
they get their dividend only profits remains after paying p/s
holders

Is This Answer Correct ?

4 Yes

0 No

Question { Panosonic, 6106 }

What is Debenture ?

Answer

it is a instrumentaa,and it liabilities to a co, In short
words acknowledgement of debt)

Is This Answer Correct ?

0 Yes

0 No

Question { 3639 }

what is minority interest?

Answer

if subsidairy co have any investment in other co its called as
min-intt

Is This Answer Correct ?

1 Yes

0 No

Question { 10525 }

A person pays and EMI of $750 to a bank,the EMI included
$400 of principle amount pass journal entry

Answer

Interest a/c Dr
Loan provider a/c Dr
Bank A/c

Is This Answer Correct ?

2 Yes

3 No

Question { 4046 }

april'13 salary we paid in aug'13 what is the entry in books

Answer

First we have made provision entry in April month that is,

salary a/c Dr
Salary payable a/c Cr

Then we have to release the liabilities a/c that is,

Salary payable a/c Dr
Cash / bank a/c Cr

That sal

Is This Answer Correct ?

6 Yes

0 No

Question { 8063 }

how to pass a rent paid a/c and tds payable a/c in tally

Answer

Rent paid /ac Dr 5000
cash / bank a/c Cr 5000

If

XXX a/c Dr
Tds payable a/c Cr

Is This Answer Correct ?

1 Yes

0 No

Question { 5186 }

when I make a telephone payment to Airtel,
under which group airtel fall?

Answer

Under Sundry creditor or
Sundry creditor Expenses

Is This Answer Correct ?

0 Yes

0 No

Question { 9211 }

Outstanding Expenses are the examples of

Answer

Salary.
Rent.
All expenses .

Is This Answer Correct ?

1 Yes

0 No

raghu