Accountants Service Society Accountant Interview Questions and Answers

Q1. Tell me something about yourself
Add your answer
Q2. Shaee your experience
Add your answer

Q1. About yourself and hobby
Add your answer
Q2. Accountant related question
Add your answer

Online based aptitude test which included accounts. journal and ledger

Q1. Whats your experrince in taxation
Ans. 
I have over 5 years of experience in taxation, including preparing tax returns, conducting tax research, and advising clients on tax planning strategies.
• Prepared individual and business tax returns accurately and efficiently

• Conducted tax research to stay up-to-date on changing tax laws and regulations

• Advised clients on tax planning strategies to minimize tax liabilities

• Assisted with IRS audits and resolving tax issues

• W...read more
Answered by AI
Add your answer
Q2. What is accounting rules
Ans. 
Accounting rules are guidelines and principles that govern the preparation of financial statements and ensure consistency and accuracy.
• Accounting rules help ensure that financial information is recorded accurately and consistently.

• They provide guidelines on how to classify, measure, and report financial transactions.

• Examples of accounting rules include the matching principle, revenue recognition principle, and the hist
Answered by AI
Add your answer
Q3. Heads of income amd their explanations
Ans. 
Heads of income refer to different categories under which income is classified for tax purposes.
• Heads of income include salary, house property, business or profession, capital gains, and other sources.

• Salary income includes income from employment, bonuses, allowances, etc.

• House property income includes rental income from properties owned by the individual.

• Business or profession income includes income from self-employme...read more
Answered by AI
Add your answer

Q1. Previous job experience
Add your answer

Contain logical test..easy

Group of 10 -12...based on random topic

Q1. Basic accounting questions
Add your answer
Q2. Self introduction
Add your answer

Q1. What is CMMI expand and what is sweep account. What is marginal cost what js expense nd expenditure
Ans. 
CMMI is a process improvement model. Sweep account is a bank account. Marginal cost is the cost of producing one additional unit. Expense is a cost incurred in the normal course of business. Expenditure is a payment made for goods or services.
• CMMI stands for Capability Maturity Model Integration and is a process improvement model used in software development.

• Sweep account is a bank account that automatically transfers ...read more
Answered by AI
View 2 more answers
Q2. What is depreciation what is fixed assets some eg. What is capital gains
Ans. 
Depreciation is the decrease in value of an asset over time. Fixed assets are long-term assets that are not easily converted to cash. Capital gains are profits from the sale of an asset.
• Depreciation is the allocation of the cost of an asset over its useful life

• Fixed assets are tangible assets that are expected to provide economic benefits for more than one year

• Examples of fixed assets include buildings, machinery, and ...read more
Answered by AI
View 1 more answer
Q3. What is capital exp .what is the abbreviation for debtors
Ans. 
Capital exp refers to expenses incurred for acquiring or improving fixed assets. Abbreviation for debtors is DR.
• Capital exp is a long-term investment in assets that will benefit the company for many years.

• Examples of capital exp include purchasing a new building or machinery.

• Debtors are customers who owe money to the company for goods or services provided.

• The abbreviation for debtors is DR, which is used in accounting
Answered by AI
Add your answer
Q4. What is the abbreviations for creditor
Ans. 
The abbreviation for creditor is CR.
• CR stands for creditor

• CR is used in accounting and finance

• CR is the opposite of debtor (DR)
Answered by AI
Add your answer