Abbey Homes Consultants Accountant Interview Questions and Answers

Profit loss ,partnerships, ratio proportions

Q1. Excel ms words tally day book
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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
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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
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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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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. 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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Q1. Ap related questionnaire
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Q2. Nothing to say about this..not work culture
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Two popular programming languages!

C++ and Java are both high-level, object-oriented programming languages, but they have some key differences:

C++:

- Statically-typed
- Compiled language (faster execution)
- Memory management through pointers (more control, but also more error-prone)
- Performance-oriented
- Widely used for systems programming, game development, and high-performance applications

Java:

- Dynamically-typed
- Interpreted language (slower execution, but easier development)
- Memory management through garbage collection (less control, but fewer memory errors)
- Platform-independent (write once, run anywhere)
- Widely used for web development, Android app development, and enterprise software development

In summary, C++ is a more low-level, performance-focused language, while Java is a higher-level, platform-independent language. The choice between the two often depends on the specific needs of the project.

Q1. Tell me about your self
Ans. 
I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.
• I have a Bachelor's degree in Statistics and experience working with large datasets

• I am proficient in statistical software such as R and Python

• I have a proven track record of delivering actionable insights to drive business decisions
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Q2. What are your hobbies
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My hobbies include playing the guitar, hiking, and reading.
• Playing the guitar

• Hiking

• Reading
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Q1. Basic python and sql
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