Acquisory Consulting LLP Associate Executive Interview Questions and Answers

Inroduction of capital market

Q1. What is primary & secondary market, types of corporate actions with example
Ans. 
Primary market is where new securities are issued, while secondary market is where existing securities are traded.
• Primary market involves the issuance of new securities by companies to raise capital, while secondary market involves the trading of existing securities among investors.

• Types of corporate actions include stock splits, dividends, mergers and acquisitions, and spin-offs.

• Stock split is when a company increases...read more
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Q1. What is share market
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Share market is a platform where buying and selling of company stocks and securities takes place.
• Share market allows companies to raise capital by selling shares to investors

• Investors can buy and sell shares to make profits

• Prices of shares fluctuate based on supply and demand, company performance, and economic factors
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Q2. Dividend is declared by whom?
Ans. 
Dividends are declared by the board of directors of a company.
• Dividends are typically declared by the board of directors of a company.

• The board of directors considers various factors such as company performance, financial health, and future growth prospects before declaring dividends.

• Shareholders receive dividends as a distribution of profits.

• Dividends can be in the form of cash, stock, or property.

• Companies may choose...read more
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Q3. What is equity management?
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Equity management involves the strategic allocation and distribution of company ownership to maximize shareholder value.
• Involves determining the optimal mix of debt and equity financing for a company

• Includes managing the issuance of new shares, buybacks, and dividends

• Strategic decisions to ensure fair treatment of shareholders and maximize returns

• Examples: IPOs, stock repurchases, dividend policies
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Q4. What are shares?
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Shares represent ownership in a company and entitle the holder to a portion of the company's assets and profits.
• Shares are units of ownership in a company that are bought and sold on the stock market.

• Shareholders have voting rights and may receive dividends based on the company's performance.

• Shares can be classified as common stock or preferred stock, each with different rights and benefits.
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Q1. Tell me about yourself
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Q1. What is capital market
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Capital market is a financial market where individuals and institutions trade financial securities.
• Capital market is where long-term securities like stocks and bonds are bought and sold.

• It helps companies raise capital by issuing stocks or bonds to investors.

• Investors can buy and sell securities through stock exchanges like NYSE or NASDAQ.

• Capital market plays a crucial role in the economy by facilitating investment and
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Q1. What is your goal in life
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Q1. All about the background
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Q1. They didn't really asked much
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Q1. Are you interested to do marketing...?
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Q1. Previous experience related queries
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Q1. What do you mean by GST?
Ans. 
GST stands for Goods and Services Tax. It is a comprehensive indirect tax levied on the supply of goods and services.
• GST is a single tax that replaced multiple indirect taxes in India.

• It was implemented on July 1, 2017, with the aim of simplifying the tax structure and eliminating cascading effects.

• GST is levied at every stage of the supply chain, from the manufacturer to the consumer.

• It has different tax rates for dif...read more
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Q2. What is the journal entry for purchases?
Ans. 
The journal entry for purchases involves debiting the Purchases account and crediting the Accounts Payable or Cash account.
• Debit the Purchases account to record the cost of goods purchased

• Credit the Accounts Payable account if the purchase is made on credit

• Credit the Cash account if the purchase is made in cash

• If applicable, include additional accounts such as Sales Tax Payable or Discounts

• Example: Debit Purchases $10,
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Q3. Tell the entry with GST?
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The entry with GST refers to the recording of transactions involving the Goods and Services Tax.
• GST is a value-added tax levied on the supply of goods and services in many countries.

• When recording an entry with GST, the tax amount is typically added to the cost of the goods or services.

• The entry should include the GST amount, the tax code, and the relevant accounts for recording the transaction.

• For example, if a compan...read more
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Q4. Instead of purchases if it is consultancy service then what is the Journal entry?
Ans. 
The journal entry for consultancy services instead of purchases
• Debit the Consultancy Expense account

• Credit the Accounts Payable or Cash account

• If the consultancy service is prepaid, debit the Prepaid Consultancy Expense account

• If the consultancy service is received but not yet paid, credit the Accrued Consultancy Expense account
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Q5. What is TDS 194C?
Ans. 
TDS 194C refers to Tax Deducted at Source under section 194C of the Income Tax Act.
• TDS 194C is applicable to payments made to contractors and sub-contractors for carrying out any work.

• The rate of TDS under section 194C is 1% for individuals and Hindu Undivided Families (HUF) and 2% for others.

• The threshold limit for TDS deduction under section 194C is Rs. 30,000 for single payment and Rs. 1,00,000 for aggregate payment...read more
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Q6. What is TDS 194I?
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TDS 194I is a section of the Indian Income Tax Act that deals with the deduction of tax at source on rental income.
• TDS 194I applies to individuals or entities making rental payments above a specified threshold.

• The person making the payment is required to deduct a certain percentage as tax and remit it to the government.

• The current rate of TDS under section 194I is 10% for rent of land, building, or furniture and 2% for...read more
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Q7. What is TDS 194J?
Ans. 
TDS 194J refers to the tax deduction at source on professional or technical services.
• TDS 194J is a provision under the Indian Income Tax Act.

• It requires the deduction of tax at source on payments made for professional or technical services.

• The rate of TDS for 194J is generally 10%.

• The person making the payment is responsible for deducting the tax and depositing it with the government.

• The recipient of the payment can cl...read more
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Q8. What is the rate for 194C?
Ans. 
The rate for 194C is 1% for payments made to contractors or sub-contractors for carrying out any work.
• The rate for 194C is applicable for payments made to contractors or sub-contractors for carrying out any work.

• The rate is 1% of the total payment amount.

• This provision is under the Indian Income Tax Act.
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Q9. What is the limit for 194C?
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The limit for 194C is Rs. 30,000 for a single payment and Rs. 1,00,000 in aggregate during a financial year.
• The limit for 194C is applicable for payments made to contractors and sub-contractors for carrying out any work.

• If the payment to a single contractor or sub-contractor exceeds Rs. 30,000 in a single transaction, TDS (Tax Deducted at Source) needs to be deducted at the rate of 1%.

• If the total payments made to a co...read more
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Q10. What do you mean by depreciation?
Ans. 
Depreciation refers to the decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors.
• Depreciation is a non-cash expense that is recorded on the income statement.

• It is used to allocate the cost of an asset over its useful life.

• There are various methods of calculating depreciation, such as straight-line, declining balance, and sum-of-the-years'-digits.

• Depreciation is important for f...read more
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Q11. What is the rate of depreciation to be deducted?
Ans. 
The rate of depreciation to be deducted depends on the asset's useful life and the chosen depreciation method.
• The rate of depreciation is determined by dividing the cost of the asset by its useful life.

• Different depreciation methods, such as straight-line, declining balance, or units of production, may result in different rates of depreciation.

• For example, if a company purchases a machine for $10,000 with a useful life...read more
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Q12. Tell me the golden rules?
Ans. 
The golden rules in finance are principles that guide financial decision-making and management.
• Spend less than you earn

• Diversify your investments

• Save for emergencies

• Avoid unnecessary debt

• Plan for retirement

• Monitor and manage your credit score
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Q1. Asked TDS related questions
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Q1. Asked PF, Esi, Professional Tax related questions
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Very Easy test like school

Q1. Question on why you leave previous organisation
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