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Accounting Interview Questions


Accounting Interview Questions

Questions: 484
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 Accounting Interview Questions
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Latest Answer: There are certain expenditures/expenses, the benefit of which is not limited to one particular year. Therefore, the whole of these expenses cannot be charged to the profit and loss account at once and hence they are deferred. For e.g. Share Issue ...
Read Answers (7) | Asked by : ravin

Latest Answer: Dear Sir/ MadamI want to know the difference the between SAP fico and Oracle financials while implementation and to work on.RegardsPraveen Ch. Chowdari ...

1. What are the Steps involved in Project implementation?2. Before going to strat the Project what are the things we have to consider?3.Can you give me brief introduction about the project?

Latest Answer: Timesheet is a record of workers working hours in a factory.It could be used to calculate the average hours - delays and avoidance caused due to break down of machinery,failure of electricity,time taken by workers for lunch,tea break,etc. This sheet is ...
Read Answers (2) | Asked by : dileep kumar

Latest Answer: Many people gave very precise and appropriate answer of this question  here. Let me also try.In a balance sheet of any company the liabilities are bifurcated into a) capital, b) loans and c) current liabilities while assets are bifurcated into a) ...

Latest Answer: Shadow balance is that balance which is not yet clear.Consider any company's case.Company has given money to someone by a cheque. Then they have shown in their cash book that money has been given. Subsequently the balance will show lower. While the ...
Read Answers (2) | Asked by : jyothi_k

Latest Answer: The balancing, in strict sense, means tallying both the sides of any account and carrying forward balancing figure.In double entry book keeping system the books are supposed to tally automatically. But they may not tally. This can happen because of following ...
Read Answers (5) | Asked by : jyothi_k

Latest Answer: An Inactive Account is A brokerage account in which few transactions take place. Some brokerage firms levy a fee on accounts in which securities are deposited but no activity occurs during a specified time.A Dormant Account is a savings account showing ...
Read Answers (2) | Asked by : jyothi_k

Latest Answer: The word "Turnover" has many meanings.For a trader/manufacturer/service provider it means total sales (cash+credit).While when a bank gives loan to any person or company they see the turnover.Here the turnover generally refers to the total credits ...
Read Answers (5) | Asked by : jyothi_k

Latest Answer: calender maintaince means update the sales , purchase and accounts records. Simply meaning is maintain the records monthly, quaterly, half yearly and yearly. ...
Read Answers (1) | Asked by : ferozbm

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