Latest, Top, Free, Best Fundamentals of Accounting Interview Questions and Answers - Fundamentals of Accounting Job Interview FAQs, Queries, Tips, Sample Papers, Exam Papers

CoolInterview.com - World's Largest Collection of Interview Questions & Answers, FAQs, queries, sample papers, exam papers, dumps, what, why, how, where, when questions

OneStopTesting.com - Testing EBooks, Tutorials, Articles, Jobs, Training Institutes etc.
OneStopGate.com - Gate EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopMBA.com - MBA EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopIAS.com - IAS EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopSAP.com - SAP EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopGRE.com - of GRE EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.

Sponsored Links

Interview Questions

Advertisements	Fundamentals of Accounting Interview Questions
COOLINTERVIEW.COM COMMON PROFICIENCY TEST (CPT) INTERVIEW QUESTIONS FUNDAMENTALS OF ACCOUNTING INTERVIEW QUESTIONS QUESTIONS LISTING
	Fundamentals of Accounting Interview Questions & Answers Below we have listed all the Fundamentals of Accounting Interview Questions and answers. Feel free to comment on any Fundamentals of Accounting Interview Questions or answer by the comment feature available on the page. To buy an eBook containing 30,000 Interview Questions, with Answers, Click Here. View All Fundamentals of Accounting Interview Questions & Answers - Exam Mode / Learning Mode
Fundamentals of Accounting Interview Questions & Answers
Accounting is the measurement, statement or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and public agencies. The terms derive from the use of financial accounts. Accounting is a service activity. Its function is to provide quantitative information primarily financial in nature, about economic entities, that is intended to be useful in making economic decisions, and in making reasonable choices among alternative courses of action. Accounting helps a business in having a complete and systematic record of its business transactions, reporting the results of its operation and interpreting such results for the purpose of effective control of future operations or activities.

Subcategories for Fundamentals of Accounting Interview Questions & Answers :-

Following are sub categories for which Interview Questions & Answers are available under Fundamentals of Accounting Interview Questions & Answers. Please select the appropriate sub-category:-

Accounting Policies Interview Questions & Answers (10) Exam Mode | Learning Mode

Accounting Standards Interview Questions & Answers (13) Exam Mode | Learning Mode

1 2 3 4 5 6 Next

Sort By : Latest First | Oldest First | By Rating

Question	Rating	View Answer
The main objective of Book- Keeping are: a) Complete recording of transactions b) Ascertainment of financial effect on the business c) Analysis and interpretation of data d) (a) and (b) both		View Answer
At the end of the financial year after sale of goods worth Rs. 2,00,000 there was a closing stock of Rs. 10,000. This is: a) An event b) A transaction c) Both event as well as transaction d) None of these		View Answer
Financial Statements are a part of: a) Accounting b) Book- keeping c) Both d) None		View Answer
________ of American Institute of Certified Public Accountants enumerated the functions of Accounting: a) Accounting Principles Board b) Accounting Standards Board c) Accounting Concepts Board d) None of these		View Answer
Management Accounting: a) Is a clerical work b) Is accounting for future c) Is a recording technique of the management related transactions d) Is an analysis of the past business activities		View Answer
The direct advantage of accounting do not include: a) Preparation of financial statements b) Competitive advantage c) Ascertainment of profit or loss d) Information to interested group		View Answer
Double Accounting System owes its origin to: a) Lucas Pacioli b) Adam Smith c) Kohler d) Karl Marx		View Answer
On 31st December, 2005, Ashok Ltd. purchased a machine from Mohan Ltd. for Rs. 1,75,000. This is: (Year end: 31 st December) a) A transaction b) An event c) None of these d) Both transaction as well as event		View Answer
The problems related to price- rise are handled under: a) Management Accounting b) Cost Accounting c) Financial Accounting d) Inflation Accounting		View Answer
Financial statements users include: a) Shareholders b) Government c) Vendors d) All of the above		View Answer
Which of these is not available in the Financial Statements of a company? a) Total Sales b) Total Profit & Loss c) Capital d) Cost of Production		View Answer
Rs. 5000 paid as rent of office premises is an/ a _________ a) Event b) Transaction c) Both d) None		View Answer
Which of the following is correct? a) (Current Assets + Fixed Assets) + (Current Liabilities+ Long term Liabilities) b) (Current Assets + Fixed Assets)- (Current Liabilities+ Long term Liabilities) c) (Current Asset- Fixed Asset)- (Current Liabilities+ Long term Liabilities) d) None of the above		View Answer
If owner's capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets? a) Rs. 10,000 b) Rs. 40,000 c) Rs. 80,000 d) Rs. 1,00,000		View Answer
Net Profit or Loss will be derived at ________ stage of accounting. a) Classifying b) Interpretation c) Recording d) Summarising		View Answer
Which one of the following is not a main objective of accounting? a) Systematic recording of the transaction. b) Ascertainment of the profitability of the business. c) Ascertainment of the financial position of the business. d) Solving tax disputes with tax authorities.		View Answer
At the end of the financial year, Mr. X earns a profit of Rs. 57,000 in his business. This is a) a transaction b) an event c) a transaction as well as an event d) neither a transaction nor an event		View Answer
Which of the following is an event? a) Sale of goods for Rs. 5,000 b) Closing stock of worth Rs. 4,000 c) Purchase of goods for Rs. 8,000 d) Rent paid Rs. 2,000		View Answer
Accounting has universal application for recording_________ a) Entries b) Transactions c) Data d) Figures		View Answer
_________ was the root of financial accounting system: a) Social accounting b) Stewardship accounting c) Management accounting d) Responsibility accounting		View Answer