Accounting Interview Questions and Answers
| 36) |
Do you have any idea about Service Tax or Excise? It is a kind of hidden tax that is included in the service provided by the service provider and paid by the service receiver. |
| 37) |
In balance sheet, where do you show TDS? It is shown on the assets section, right after the head current asset. |
| 38) |
Have you ever heard about TDS, what it is?
Yes, TDS abbreviates Tax Deduction at Source. |
| 39) |
What is balance sheet? It is a statement that states all the liabilities and assets of the company at certain point. |
| 40) |
How many types of business transactions are there in accounting? There are two types of transactions in accounting i.e. revenue and capital. |