Ace Insurance Brokers Interview Questions and Answers

Q1. I am searching for job IT Location Chandigarh
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Q2. My name is vaibhav Sharma I am from Chandigarh I am find in the Job
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Q3. I'm searching for Job Chandigarh location
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Q4. I'm interested
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Q1. IT skills required
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Q2. Data skills required
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Q3. Microsoft Power BI
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Q4. Microsoft Excel
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Q1. Tell me about yourself?
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Q1. About internal audit and its applicability
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Q2. What makes you to choose Internal Audit
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Q1. O2C,PTP process, department involved in the processes
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Q1. Gave details about company and policies.
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Asked to write a bank application - which includes adding,removing,transferring of money

The assignment of good

Q1. About self introduction
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Q2. About hyderabad
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Q3. About nature in home town
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Q4. About father n mother
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Q5. About the company
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Assignment Details are as Follows

-Sales Audit Tally with Documents Automation (Dropbox Official) & On-site by CA Suyash Sir for Past Credit Note Balancing on Investments

Q1. Tell me about yourself
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Q2. What is Concurrent Sales Audit?
Ans. 
Concurrent Sales Audit is a process of auditing sales transactions in real-time to ensure accuracy and prevent fraud.
• Concurrent Sales Audit involves monitoring sales transactions as they occur to detect any discrepancies or irregularities.

• It helps in identifying potential errors, fraud, or theft in sales transactions before they escalate.

• This process can involve using software systems to track sales data in real-time a...read more
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Q3. What is a Cost Sheet?
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A cost sheet is a document that shows the detailed breakdown of all costs incurred in the production of a product or service.
• Includes direct costs (e.g. raw materials, labor) and indirect costs (e.g. overhead)

• Helps in determining the total cost per unit of production

• Used for cost control and decision-making

• Example: A manufacturing company preparing a cost sheet to analyze the cost of producing a new product
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Q4. Three Golden Rules of Accounting?
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The three golden rules of accounting are: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.
• Debit the receiver, Credit the giver: When an asset or expense increases, it is debited. When a liability, equity, or revenue increases, it is credited.

• Debit what comes in, Credit what goes out: Debit the account that receives something and credit ...read more
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Q5. What do you Know about GST, Tally & Levy Accounting Standards?
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GST is Goods and Services Tax, Tally is an accounting software, and Levy Accounting Standards refer to specific regulations for accounting practices.
• GST is a value-added tax levied on most goods and services sold for domestic consumption.

• Tally is a popular accounting software used for recording financial transactions and generating reports.

• Levy Accounting Standards are specific guidelines and regulations that companies...read more
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Q6. What would you like to ask about your further hiring process in the Concurrent Sales Audit Experience?
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Q1. Work experience
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Q2. Study and my personal details
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Q3. What do you know about Ludhiana beverage Private Limited
Ans. 
Ludhiana Beverage Private Limited is a company that specializes in the production and distribution of beverages.
• Ludhiana Beverage Private Limited is based in Ludhiana, India.

• The company offers a range of beverages including soft drinks, juices, and energy drinks.

• They have a strong distribution network across various regions in India.

• Ludhiana Beverage Private Limited focuses on quality and innovation in their products.
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Q4. What do you know about the company product?
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The company specializes in manufacturing and distributing high-quality shipping containers for various industries.
• The company offers a wide range of shipping containers in different sizes and materials.

• They focus on providing durable and reliable containers to ensure safe transportation of goods.

• The company also offers customization options for clients with specific shipping needs.

• Their products are known for their hig...read more
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