What is NEFT? and its Limit(if any)
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National Electronic Funds Transfer
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The main financial accounting statements?
What is journalizing?
Horizontal balance sheet versus Vertical balance sheet
What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?
What is an adjusting journal entry?
Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?
Explain what is the disadvantage of double entry system?
How did you chose your university?
Mention the types of accounts involved in double entry book-keeping?
pass journal entry for Prepaid insurance
Other accounting interview questions to expect when you interview for an accountancy job include:
Tell me what are the activities that includes in cash flow statement?
What is liabilities and what all does include in current liabilities?
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
