Abbey Homes Consultants Accountant Interview Questions and Answers

Q1. What is sale purchase billing
Ans. 
Sale purchase billing is the process of creating invoices for goods or services sold and purchased.
• It involves recording the details of the transaction such as the quantity, price, and date.

• The invoice is then sent to the customer or supplier for payment.

• It is an important part of accounting as it helps to keep track of sales and purchases.

• Examples of sale purchase billing software include QuickBooks and Xero.
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Q2. What is sale return and purchase return
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Sale return is when a customer returns a product to the seller, while purchase return is when a business returns a product to the supplier.
• Sale return is also known as sales return or return inwards.

• Purchase return is also known as purchase return or return outwards.

• Sale return reduces the revenue of the seller, while purchase return reduces the cost of goods sold for the buyer.

• Sale return may occur due to various reas...read more
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Q3. What is cash Discount purchase and cash Discount sale
Ans. 
Cash discount purchase is a discount offered by a seller to a buyer for paying the invoice amount within a specified time period. Cash discount sale is a discount offered by a buyer to a seller for paying the invoice amount within a specified time period.
• Cash discount purchase is a reduction in the invoice amount offered by the seller to the buyer if the buyer pays the invoice amount within a specified time period.

• Cash...read more
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Q4. What is Half payment by cheque for purchase and sale
Ans. 
Half payment by cheque for purchase and sale is a payment method where half of the amount is paid through cheque.
• Half payment by cheque is a common practice in business transactions.

• It involves paying half of the purchase or sale amount through a cheque.

• The remaining half is usually paid in cash or through another mode of payment.

• This method is used to ensure security and reduce the risk of fraud.

• For example, if a prod...read more
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Q5. What is Gst return sale and purchase both
Ans. 
Gst return sale and purchase both refers to the filing of returns for the goods and services tax paid on sales and purchases.
• Gst return sale and purchase both are filed by registered taxpayers

• The sale return is filed in GSTR-1 form and the purchase return is filed in GSTR-2 form

• The returns are reconciled in GSTR-3 form

• The returns contain details of the tax paid on sales and purchases, input tax credit claimed, and othe...read more
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Q1. What is balance sheet matching
Ans. 
Balance sheet matching is the process of ensuring that the assets, liabilities, and equity on a balance sheet are properly aligned.
• Balance sheet matching involves comparing the amounts and classifications of assets, liabilities, and equity to ensure they are accurately recorded.

• It helps identify any discrepancies or errors in the financial statements.

• For example, if a company reports a certain amount of cash on its bal...read more
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Q2. What is cash sales and cash purchase
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Cash sales refer to transactions where payment is made in cash at the time of sale. Cash purchase refers to transactions where payment is made in cash at the time of purchase.
• Cash sales are common in retail businesses where customers pay for goods or services in cash.

• Cash purchase is when a business buys goods or services and pays for them in cash.

• Cash sales and purchases are recorded in the cash book or cash register.

• ...read more
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Partnerships ratio proportions profit loss

Q1. Banking computer commerce
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Q2. First bank established by which bank
Ans. 
The first bank established by the Bank of England
• The Bank of England was established in 1694 and is considered the first central bank in the world

• It was established to act as the government's banker and debt manager

• The Bank of England also issues banknotes and regulates the UK's monetary policy
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Q3. What is computer and explain The founder by computer
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A computer is an electronic device that processes data and performs tasks according to instructions given by the user.
• A computer is made up of hardware components such as the central processing unit (CPU), memory, and storage devices.

• It operates using software programs that provide instructions for the hardware to execute.

• Computers can perform various tasks such as calculations, data processing, communication, and mult...read more
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Q4. What is commence and explain it
Ans. 
Commence refers to the beginning or start of something, such as a project or activity.
• Commence is a verb that means to begin or start something.

• It is often used in formal or professional contexts to indicate the start of a project, event, or activity.

• For example, 'The construction of the new office building will commence next month.'
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Q5. Tell me about your self
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Q1. Overall turnover of business
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The overall turnover of the business refers to the total revenue generated by the company within a specific period of time.
• Calculate the total revenue earned by the company in a given time frame

• Consider factors such as sales, services, and other sources of income

• Compare the turnover to previous periods to track growth or decline

• Use financial statements and reports to analyze the turnover
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Q2. How you manage your time
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Unemployment in India

Q1. Why we hire you?
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Q2. Why this Organization
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Q3. Your weakness
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Q1. Share details of your previous job.
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Q2. What is your family background?
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Q3. Why should we hire you?
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Q4. Why are you looking for a change?
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Q5. Where do you see yourself in 5 years?
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Q6. What are your strengths and weaknesses?
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Q7. What are your salary expectations?
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Q8. Tell me about yourself.
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Q9. What are your hobbies and qualities
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Q10. Why this company
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Q1. Who is the prime minister of India
Ans. 
Narendra Modi is the current Prime Minister of India.
• Narendra Modi has been serving as the Prime Minister of India since May 2014.

• He is a member of the Bharatiya Janata Party (BJP).

• Modi previously served as the Chief Minister of the Indian state of Gujarat from 2001 to 2014.
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Q2. Who is the chief minister of India
Ans. 
The current Chief Minister of India is Narendra Modi.
• Narendra Modi is the leader of the Bharatiya Janata Party (BJP)

• He has been serving as the Prime Minister of India since 2014

• Prior to becoming Prime Minister, he served as the Chief Minister of the state of Gujarat
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Q3. What is the national flower of India
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The national flower of India is the lotus, which holds great cultural and religious significance in the country.
• The lotus symbolizes purity, beauty, and grace in Indian culture.

• It is often associated with Hindu gods and goddesses, and is considered sacred.

• The lotus is also a symbol of enlightenment and spiritual growth.

• It is commonly used in religious ceremonies and decorations in India.
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Q4. What is the national animal of India
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The national animal of India is the Bengal Tiger, known for its majestic appearance and significance in Indian culture.
• The Bengal Tiger is the largest tiger species in the world

• It is known for its distinctive orange coat with black stripes

• The tiger is a symbol of strength, power, and grace in Indian culture

• It is found in various national parks and reserves in India, such as Ranthambore and Jim Corbett National Park
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Q5. What is the national game of india
Ans. 
The national game of India is field hockey.
• Field hockey is a popular sport in India with a rich history.

• The Indian men's field hockey team has won multiple Olympic gold medals.

• The Indian women's field hockey team has also achieved success in international competitions.
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Q6. When RBI established
Ans. 
RBI was established on April 1, 1935.
• RBI stands for Reserve Bank of India

• It was established under the Reserve Bank of India Act, 1934

• The first Governor of RBI was Sir Osborne Smith

• RBI is the central bank of India and regulates the country's monetary policy
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Q7. Who is the governor of RBI
Ans. 
Shaktikanta Das is the current Governor of the Reserve Bank of India (RBI).
• Shaktikanta Das was appointed as the 25th Governor of RBI on December 12, 2018.

• He has previously served as the Economic Affairs Secretary of India and as a member of the 15th Finance Commission.

• As the Governor of RBI, Shaktikanta Das is responsible for overseeing the country's monetary policy and regulating the banking sector.
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Q8. Where is the past head quarter of RBI
Ans. 
The past headquarters of RBI was located in Kolkata, India.
• The Reserve Bank of India (RBI) was originally established in Kolkata in 1935.

• It was later moved to Mumbai in 1937.

• The current headquarters of RBI is in Mumbai, Maharashtra, India.
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Q9. Where is the present head quarter of RBI
Ans. 
The present headquarter of RBI is located in Mumbai, India.
• The Reserve Bank of India (RBI) is headquartered in Mumbai, Maharashtra, India.

• The RBI was originally established in Kolkata in 1935, but later moved to Mumbai in 1937.

• The present head office building of RBI in Mumbai is known as the Central Office Building.
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Q10. How many features of RBI
Ans. 
RBI (Reserve Bank of India) has several features including monetary policy, currency issuance, and regulation of financial institutions.
• Monetary policy decisions to control inflation and promote economic growth

• Issuance of currency notes and coins

• Regulation and supervision of banks and financial institutions

• Management of foreign exchange reserves

• Development of the financial system through various initiatives
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Hacker rank test given online .

Q1. What is your strength ?
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Q2. Why you should join us ?
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Basic of array questions like sliding window maximum

Q1. Oops Dbms Sql Project Technoloy used in project
Ans. 
The question is asking about the candidate's experience with Oops, DBMS, SQL, and technology used in a project.
• Explain the candidate's experience with Oops concepts

• Ask about their experience with different DBMS systems like MySQL, Oracle, etc.

• Inquire about their proficiency in SQL and its various commands

• Ask about a project they have worked on and the technology stack used in it
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Q2. Cloud computing , computer network , os
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