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Accounting Interview Questions


Accounting Interview Questions

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 Accounting Interview Questions
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Karamat Sahoo spends 34% of his salary in clothing. if 30% of karamat sahoo's salary is 3456 rupees then find his expenditure on clothing. 
Latest Answer: Seems to be a simple arithmetics problem.if 30% = 3456 then 100 % = (3456/30)*100 = 11520So 34% = 115.2*34 = 3916.80So he spends Rs. 3916.80 on clothing.Seems a pagal guy, itna kharcha kapdon pe kyon kar raha hai? :) ...

Why it is necessary to create contingent liability? How this liability helps the banker to relieve from the future liability due to default in payment by the concerned party? 
Latest Answer: It is not necessary to create contingent liabilities.If any such liability exists then it must be shown in the balance sheet. But you don't have to create any for the heck of it.Moreover it does not help in anything if you show your contingent liabilities ...
Read Answers (1) | Asked by : moktan

What do you mean by EMI Reports? How we make EMI Reports? 

Describe What is Net Cash Accural? What is the effect of this on Working Capital? 
View Question | Asked by : jajpur78

Why depreciation is not charged on land? 
Latest Answer: Land is appreciated rather than deprecited. ...
Read Answers (2) | Asked by : nictian

What are freight charges? 

Rates and Ratios are often interpreted as same. Differentiate between the two giving at least two examples? 
Latest Answer: Rates and ratios have utterly different meanings.Rates may mean the charges per unit. While ratios mean the ratio of one variable to other.Rates are expenses which are debited to profit and loss account while ratios are used in interpreting business efficiency. ...

How to promote awareness among all stackholders including Goverment Employees, Executives, Society at Large, NGO's and Media. 

What matters are to be communicated to stackholders regarding the reforms in Government Accounting? 

What is the difference between the periodic and perpetual method, How will you record it your book? 
Latest Answer: I am not sure in what context the user is asking but periodic and perpetual are two methods used for inventory control. Periodic inventory is undertaken more commonly  to calculate the value of actual inventory of goods for the purpose of closing ...
Read Answers (1) | Asked by : zelle

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