Interview Questions Answers in Business Management AllOther, Taxation, Accounting AllOther

Questions / { raja mohamed }

Questions Answers Category Views Company eMail

Excise Duty Applicable for Assembly Materials E.g: I.T Products (Security Systems)

Business Management AllOther 2432

Customs Duty is fixed or Non Fixed

Business Management AllOther 1816

Excise duty applicable for Handmade Production?

1 Taxation 2978

Answers / { raja mohamed }

Question { Capital IQ, 20377 }

what is cost of goods sold ?

Answer

Purchase+ manufacturing Expenses = Sales

Is This Answer Correct ?

0 Yes

3 No

Question { Tata Motors, 28463 }

what is profit & loss A/c? difference between income &
expenditure A/c

Answer

Profit loss A/c is maintanined the organistaion all tye of
expenses and incomes included the profit loss A/c . profit
loss A/c is give to the net profit or net loos.

Income expenditure a/c is maintanined the non profit- loss
earning organisation is maiuntained Example Service
organisation.

Is This Answer Correct ?

16 Yes

7 No

Question { CA, 17130 }

what is diff between p&l & trading a/c

Answer

tHE dIFFRENCE BETWEEN THE Profit Loss a/c is maintained the
indirect exenses and indirect incomes only . the gives the
net profit or net loss .

Trading A/c is Maintained the direct expenses and direct
incomes only. the gives the gross profit or gross loss.

Is This Answer Correct ?

2 Yes

0 No

Question { WNS, 19766 }

what is bank reconcilietion

Answer

Bank Reconcilation statement is the all banking transaction
maintained the statement taht is calloes to bank
reconsilation statement.

Is This Answer Correct ?

0 Yes

1 No

Question { Accounting, 27080 }

meaning of accounts payable

Answer

aCCOUNT pAYABLE mEANS tHE cOMPANY PAID THE VARIOUS TYPES OF
THE ACCOUNT OR EXPENSES

Is This Answer Correct ?

21 Yes

8 No

Question { Genpact, 14746 }

Credit Paurchases

Answer

To purchase A/c Dr Rs.1200.00

By Ram A/c Rs.1200
( The Journal entry for the credit purchase)

Is This Answer Correct ?

0 Yes

4 No

Question { Wipro, 218911 }

what is journal entries for cheque dishonored?

Answer

To Ram A/c Dr. 5000.00
By Bank A/c 5000.00

Is This Answer Correct ?

100 Yes

72 No

Question { 6857 }

difference between financial accounting and cost accounting

Answer

finacial ccounting :- Financial accounting making for
financial position company.
Cost accounting :- Cost accounting making for production.
and management position company.

Is This Answer Correct ?

0 Yes

1 No

Question { JPMorgan Chase, 41321 }

whats is the Journal entry for Telephone Expenses?

Answer

Telephone Exp A/c Dr.Rs. 383.00
To Cash A/c Cr Rs.383.00
(The entry for cash transaction only)

Telphone Exp A/c Dr Rs. 383.00
By Bank A/c Cr Rs.383.00
( The Entry for the bank transaction only)

Is This Answer Correct ?

9 Yes

4 No

Question { HSBC, 14058 }

what are the basic 3 rules of accounting

Answer

The acconts is followed the three steps or three types.
1. Personnal Account
2. Real Account
3. Nominal Account

Personaal Account is
giver is debit
Reciver is Credit

Real A/c
What comes in debit
What Goes out CREDIT

Nominal A/c

Expenses in debit
Incomes is Credit

Is This Answer Correct ?

5 Yes

12 No