Dear All,

Now days I am attending interviews & following are some questions which I could not answer.
Please give me answers for all following questions , So that in next interview it will help me.

Similarly if you have any questionnaire & answers for Accounts Executive profile ply mail me at sandeepbhor2005@yahoo.co.in

SR NO PARTICULARS
1 TRADE DISCOUNT- WHERE IT WILL APPEAR IN B.SHEET

2 CAPITAL - HOW TO CALCULATE , ITEMS TO BE CONSIDER

3 WHAT IS BANK GUARANTEE & LETTER OF CREDIT

4 WHAT IS ACCRUAL /ACCRUED EXPENSES

5 INSURANCE PAID ON ASSETS WILL BE REV EXP/COST OF ASSET/PRODUCTION OVERHEAD

6 VALE OF ASSET NOT BECOM NIL -UNDER REDUCING/ANNUITY/STRAIGHT/WRITTEN DEP METHOD

7 PATENTS & RIGHTS IS A ASSET OR NOT

8 IN WHICH LOAN BANK ACTUALLY DOESN'T GIVE FUNDS - BANK GURANTEE/TERM LOAN./OVERDRAFT

9 WHAT DOCUMENTS REQIRED BY BANK FOR BANK GUARANTEE

what is the meaning of assets turnover?

what is the meaning of leverages?

what is the meaning of net worth?

what is the last date for professional tax?

M/S "XYZ" IS A PARTNERSHIP FIRM CARRYING ON BUSINESS FROM ALMOST LAST MORE THAN 20 YEARS, DURING THE FY 1992-93 ASSESSMENT THERE WERE CERTAIN EXPENSES DISALLOWED AND FIRM HAD TO PAY TAXES ON THAT , FIRM PAID TAXES AND ALSO WENT FOR APPEAL AND TRIBUNAL AND FINALLY IN FY 2007-08 THERE WAS DECISION IN OUR FAVOUR SO AMOUNT WAS REFUNDED WITH INTEREST. NOW DURING FY 2007-08 THERE WAS NO OTHER INCOME THAN INTEREST ON INCOME TAX REFUND , WHETHER THE SAME CAN BE SET OFF AGAINST UNABSORBED BUINESS LOSSES OF EARLIER YEARS. AS THERE WAS REFUND ON ACCOUNT OF BUSINESS TRANSACTIONS ONLY.

PLEASE GIVE SUGGESTIONS AND ADVICES

THANKS

if GTA charge us freight 40000+detention charges 2000+toll tax 500 in the bill.
so what is the amount for S.T it is RS 40000 of freight or gross amount of Rs. 42500/-

I am having a housing loan for Rs. 5 lakhs and the house property is self occupied and I am owner of the property. for the purpose of IT, i am claiming interest on Housing loan and also principal.
i want to include my wife(not a co owner) as co applicant for the loan taken, then only we both can enjoy the benefit of Rs.1.50 lakhs each.

Can it be possible. if possible what to be done.

suppose i jointly own a piece of land with my friend n i tak a loan on my name for constructing a building to be used for commercial purposes.In dis case can my frien also claim 50% of the interest paid on the loan??

Dear friend


would u tell me that rent received from telecommunication company for telephone tower stood on house is covered under income from house property or not?

and standered deduction 30% is allowed on it or not?

Plz give me the solution with particular refrence as soon as possible

Thanks
Ca.Naveen garg
Email:- canaveengarg2008@gmail.com