InterviewSolution
Saved Bookmarks
InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
Who are non resident? |
| Answer» | |
| 52. |
Who are resident but not ordinary resident? |
| Answer» | |
| 53. |
What are the basic and additional conditions for Resident and ordinarily resident (ROR)? |
| Answer» | |
| 54. |
Does the tax liability of an individual get affected due to his residential status? If yes, explain. |
| Answer» | |
| 55. |
How will you decide the residential status of an individual? |
| Answer» | |
| 56. |
At what rate firms are required to pay tax on their income? |
| Answer» | |
| 57. |
How many heads are there under total income? Name them. |
| Answer» | |
| 58. |
What do you understand by total income? |
| Answer» | |
| 59. |
Who is an assessee? |
| Answer» | |
| 60. |
Define the term person? |
| Answer» | |
| 61. |
Differentiate between Financial Year, Assessment Year and Previous Year? |
| Answer» | |
| 62. |
Define financial year? |
| Answer» | |
| 63. |
Define Previous Year. |
| Answer» | |
| 64. |
Define Assessment Year. |
| Answer» | |
| 65. |
What is income tax? How is it calculated? |
| Answer» | |
| 66. |
What steps would you take to locate the errors in case Trial Balance disagrees? |
| Answer» | |
| 67. |
What are the reasons which cause pass book of the bank and your bank book not tally? |
| Answer» | |
| 68. |
What is Trial Balance? What does an accurate Trial Balance suggest? |
| Answer» | |
| 69. |
What are control ledgers? What are the purposes of maintaining it? |
| Answer» | |
| 70. |
Explain Purchase day book. |
| Answer» | |
| 71. |
List the type of transactions entered in Journal proper. |
| Answer» | |
| 72. |
Explain Compound Journal Entry. |
| Answer» | |
| 73. |
What is Journalizing? What are the columns of a journal? |
| Answer» | |
| 74. |
What is capitalization? What is its importance? |
| Answer» | |
| 75. |
What is cost accountancy? What are the objects of Cost Accountancy? |
| Answer» | |
| 76. |
What are the important things to be remembered while preparing a bank reconciliation statement? |
| Answer» | |
| 77. |
What are the various systems of Accounting? Explain them. |
| Answer» | |
| 78. |
Compare Financial Accounting and Cost Accounting. |
| Answer» | |
| 79. |
Explain Financial Accounting. What are its characteristic features? |
| Answer» | |