Achal Industries Senior Accountant Interview Questions and Answers

Golden rules of Accounting are basic principles to maintain accuracy and consistency in financial records.

• Debit the receiver, credit the giver

• Debit what comes in, credit what goes out

• Debit all expenses and losses, credit all incomes and gains

GST is a tax levied on goods and services in India. HSN/SAC codes are used to classify goods and services for taxation purposes.

• GST stands for Goods and Services Tax, which is a value-added tax levied on the supply of goods and services in India.

• It was introduced in 2017 to replace multiple indirect taxes like VAT, excise duty, and service tax.

• HSN (Harmonized System of Nomenclature) and SAC (Services Accounting Code) c...read more