Amaron Batteries Interview Questions and Answers

Online assessment (Technical, English, Reasoning)

Q1. Difference between Balance sheet and trial balance
Ans. 
Balance sheet shows assets, liabilities, and equity at a specific point in time. Trial balance lists all ledger accounts with their balances.
• Balance sheet is a snapshot of a company's financial position at a specific point in time.

• Trial balance is a list of all ledger accounts with their balances to ensure debits equal credits.

• Balance sheet includes assets, liabilities, and equity sections.

• Trial balance is used to prep...read more
Answered by AI
Add your answer
Q2. Standard costing formula
Ans. 
Standard costing formula calculates the expected cost of a product based on predetermined standards.
• Standard costing formula includes direct materials, direct labor, and overhead costs.

• It helps in comparing actual costs with standard costs to identify variances.

• Formula: Standard Cost = Standard Quantity of Inputs x Standard Price of Inputs
Answered by AI
Add your answer
Q3. Journal entries for Prepaid Accruals Depreciation with accumulated depreciation concept Provision for Bad debts DTA and DTL
Ans. 
Explanation of journal entries for Prepaid, Accruals, Depreciation, Provision for Bad debts, DTA, and DTL.
• Prepaid expenses are initially recorded as assets and then expensed over time as they are used up.

• Accruals are expenses incurred but not yet paid or revenue earned but not yet received.

• Depreciation is the allocation of the cost of a fixed asset over its useful life, with accumulated depreciation representing the to...read more
Answered by AI
Add your answer
Q4. Case study on Ind AS 115
Add your answer
Q5. Preparation of balance sheet and computation of various ratios
Ans. 
Preparation of balance sheet involves listing assets, liabilities, and equity. Ratios are computed using financial data from the balance sheet.
• List all assets, liabilities, and equity on the balance sheet

• Calculate various financial ratios such as current ratio, debt to equity ratio, and return on equity

• Use formulae like Current Ratio = Current Assets / Current Liabilities

• Interpret the ratios to analyze the financial he
Answered by AI
Add your answer
Q6. Accounting principles
Add your answer

Q1. What is DTA and DTL
Ans. 
DTA stands for Deferred Tax Asset and DTL stands for Deferred Tax Liability.
• DTA is an asset recorded on a company's balance sheet that may be used to reduce taxable income in the future.

• DTL is a liability recorded on a company's balance sheet that represents taxes that have been accrued but not yet paid.

• DTA arises when a company has overpaid taxes or has tax deductions that exceed its taxable income.

• DTL arises when a c...read more
Answered by AI
Add your answer
Q2. Accounting entry for accumulated depreciation
Ans. 
Accumulated depreciation is a contra asset account that represents the total depreciation expense taken on an asset since it was acquired.
• Accumulated depreciation is recorded on the balance sheet as a reduction from the gross amount of fixed assets to arrive at the net book value.

• The accounting entry for accumulated depreciation involves debiting the depreciation expense account and crediting the accumulated depreciati...read more
Answered by AI
Add your answer
Q3. Few resume based questions
Add your answer
Q4. Standard costing formula
Ans. 
Standard costing formula calculates the expected cost of a product based on predetermined standards.
• Standard costing formula = Standard cost of direct materials + Standard cost of direct labor + Standard manufacturing overhead cost

• Standard cost of direct materials = Standard quantity of materials x Standard price per unit

• Standard cost of direct labor = Standard hours of labor x Standard rate per hour

• Standard manufactur...read more
Answered by AI
Add your answer
Q5. Difference between budgeting and forecasting
Ans. 
Budgeting involves setting financial goals and allocating resources, while forecasting predicts future financial outcomes based on past data and trends.
• Budgeting is a plan for how to allocate resources and achieve financial goals

• Forecasting predicts future financial outcomes based on past data and trends

• Budgeting is typically done on an annual basis, while forecasting can be done on a shorter or longer term basis

• Budget...read more
Answered by AI
Add your answer
Q6. Meaning of variance analysis
Ans. 
Variance analysis is a technique used to identify and analyze the difference between planned financial outcomes and actual results.
• Variance analysis helps in understanding the reasons for deviations from budgeted or expected figures.

• It involves comparing actual financial performance with budgeted or standard performance.

• Common types of variances include price variance, quantity variance, and mix variance.

• Variance analy...read more
Answered by AI
Add your answer

Average to easy difficulty level.

Q1. Java code of string manipulation
Add your answer
Q2. What is the Java code for various types of sorting algorithms?
Add your answer
Q3. Sql query and topics related to joins.
Add your answer

Q1. About yourself and family
Add your answer
Q2. What do you know about the company?
Add your answer
Q3. Can you provide examples of real-life scenarios where you handled conflicts with either a colleague or a manager?
Add your answer
Q4. What actions would you take if your manager does not approve your product idea, and how would you attempt to persuade them?
Add your answer

Q1. Basic question on the tool I use in previous company and ask question on the components of it.
Add your answer

Q1. More on what is my role and managerial round.
Add your answer

Q1. 2 hour long interview with a panel of 4. Possibly every single question that can be asked and repeatedly same things. They tried understanding the process and functions elaborately way too much which was ...read more
Add your answer

Q1. Everything was already asked. But they need to drench and waste time of the candidate and themselves so they set up another round of technical to ask the same questions again and again.
Add your answer