100+ Senior Accountant interview questions | Senior Accountant question and answer- Just Crack Interview

Ques:- In two periods total costs amounts to Rs 50000 and Rs 40000 against production of 20000 and 15000 units respectively. Determine marginal cost per unit and fixed cost.

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Ques:- The simple interest on a sum of money is 1/9 th of the sum and the number of years and the rate per cent per annum are equal. What is the rate per cent per annum?

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Ques:- What are the four classifications of Bad and Doubtful Debts as per the context of the Bank?

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Ques:- True or False: Cash budget helps in the formulation of suitable dividend policy.

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Ques:- Why Accounting is important in business?

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Ques:- What is Unredeemed interest?

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Ques:- What do you understand by the Provision? What is the Entry for Provision?

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Ques:- List out the functions of accounting?

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Ques:- Tell the difference between Accounts and Finance?

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Ques:- Define an operative accounts?

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Ques:- The assessment of financial statements by a shareholder is an example of which analysis?

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Ques:- Cash Flow Statement is also known as?

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Ques:- A company produces and sells three types of products namely X, Y and Z. Total sales per month is Rs 60,000 in which the share of these three goods are 40%, 40% and 20% respectively. Variable costs of these three goods are 40%, 50% and 60% respectively. Compute combined P/V ratio.

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Ques:- What is the use of Absorption costing?

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Ques:- Given Sales is 1,20,000 and Gross Profit is 30,000, the gross profit ratio is

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Ques:- The receipts from cash sales, advance from customers, collection from debtors and bills receivable are called?

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Ques:- True or False: In make or buy decision, marginal costs as well as additional fixed costs are the factors to be considered.

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Ques:- During the year, a business was bought by issue of Rs 25,000 debentures and Rs 25,000 shares. The business bought had machine worth Rs 20,000, Debtors Rs 15,000, Stock Rs 5,000 and Creditors Rs 5,000. Determine the effect of this transaction on flow of funds.

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Ques:- A box manufacturer discovers that while it costs Rs 6.25 per unit to make a component T the same is available in the market at Rs 5.75 each. There is reliability of regular supply. The breakdown of costs is materials is Rs 2.75 per unit, Labor is Rs 1.75 per unit, Other variable expenses is Rs 0.50 and depreciation and other fixed costs is Rs 1.25. Will you make or buy?

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Ques:- What is the meaning of TDS? How it is charged?

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