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MBA Interview Questions - Accounts and Finance

Top 100  Finance and Accounting Interview Questions
  • How do we calculate income tax?
  • Do you think operating profit can be more than the gross profit?
  • Can you describe how Private Banking works?
  • Can you differentiate between current assets & fixed assets?
  • What is the difference between revenue and profit?
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  • Do you invest in stock markets?
  • For a big MNC, What documents are covered in the Financial Statement?
  • Have you heard about investment banking?
  • How do you record sundry allowances in accounts?
  • How many different accounting standards are there?
  • In which language was accountancy first established?
  • Suppose you have a balance sheet of an SME company, how will you decide whether to finance the company or not?
  • Tell me something about double entry book keeping.
  • Tell us about accounts and taxation.
  • What are the different types of taxes?
  • What is capital budgeting?
  • What is the difference between book value and market value?
  • What is finance?
  • What is ICWA, balance sheet?
  • What is Fixed Cost, Variable Cost and Break Even point?
  • What is Income tax?
  • What is Indirect tax?
  • What is India's Foreign Exchange Reserve?
  • What is Investment Banking?
  • What is liquidity?
  • What is Marginal Costing?
  • What is market capitalization?
  • What is PE ratio?
  • What is the difference between Options and Futures?
  • Who invented Double Entry Book Keeping?
  • What is the internal rate of return formulae
  • What is the Net Present Value formula?
  • What is the relation between income statement and balance sheet?
  • What is the role of an auditor?
  • What is turnover?
  • What is value of firm?
  • What is working capital account?
  • Which accounting standard do we follow?
  • Why is P&L account not known as profit and loss account?
  • Why profit is shown on liability side of the balance sheet?
  • How do you do breakeven analysis?
  • How will you determine the discount rate?
  • What is the full form of GAAP?
  • What is direct tax?
  • What is excise duty?
  • What is the concept of Comparative Cost Advantage?
  • Does dividend reduce profits?
  • Does depreciation reduce profit?
  • What is Current Ratio?
  • What is the Ideal Current Ratio?
  • What is Capital and Revenue Expenditure?
  • Where does Goodwill appear in a Balance Sheet? Why?
  • Can depreciation be on fixed assets only?
  • As depreciation is to fixed assets, what is the same analogous to debtors?
  • What is the fundamental accounting equation?
  • What is statutory audit?
  • Can you name some of the accounting firms?
  • What is the difference between finance and accounts?
  • What is the difference between shares and debentures?
  • What do you mean by a private limited company?
  • What do you mean by a listed company?
  • What is 'Capital Reserve'?
  • Explain the process of dissolution of a partnership firm?
  • Why are some accounting systems called double accounting systems?
  • What is a journal?
  • What is the purpose of maintaining a subsidiary journal.
  • What do you understand by Imprest amount in a petty cash book?
  • What is a petty cash book?
  • What is a bank reconciliation statement?
  • What is weighted average cost of capital?
  • What are the various methods of capital budgeting?
  • What is the difference between a horizontal and vertical merger?
  • What is the difference between an amalgamation and merger?
  • Tell me something about nonperforming assets.
  • What according to you is minority interest?
  • What do you understand by Cost plus Contract?
  • What do you think is the Escalation clause in contract costing?
  • What according to you are the advantages of introducing a costing system in an industrial organization?
  • What is idle time and could you also explain its causes?
  • Please comment on this "Limitations of financial accounting have made the management realize the importance of cost accounting."
  • What according to you is sunk cost?
  • Could you differentiate between integral and non integral system of accounting?
  • Essentially what is the difference between allocation and apportionment of overheads?
  • How would you treat scrap and defective items in cost accounts?
  • What according to you is reconciliation of cost and financial accounts and why is it necessary?
  • What do you mean by issue of shares at premium? Also how else can you issue shares?
  • What are future maintainable profits?
  • Could you discuss ABC analysis for material control?
  • How is ‘bonus payable to employees’ treated in cost accounts?
  • Could you tell me the difference between time keeping and time booking?
  • Tell me about a situation when companies cannot issue shares on discount? What exactly are the conditions for issue of shares at a discount?
  • What according to you is the meaning of minimum subscription?
  • What do you mean by rebate on bills discounted? Furthermore, how would you treat it in the books of the bank?
  • Comment on "Evolution of cost accounting is the outcome of deficiencies in the financial accounting system."
  • What according to you are the advantages of "Integrated Accounts"?
  • "A company is an artificial person created by law with a perpetual succession and common seal." Comment on the statement.
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