Amul India Assistant Accountant Executive Interview Questions and Answers

Q1. Self introduction
Add your answer

Apptitude was about basic accounting questions and tax related

Q1. It was about company and accounting questions
Add your answer

Q1. Tell me about your self
Ans. 
I am an experienced accountant with a strong attention to detail and a passion for numbers.
• Experienced accountant

• Strong attention to detail

• Passion for numbers
Answered by AI
Add your answer
Q2. How are you and where are you from
Ans. 
I am doing well, thank you. I am originally from [location].
• I am doing well and in good health.

• I am originally from [location].

• I have been living in [current location] for [number of years].
Answered by AI
Add your answer

Q1. Define meaning of finance
Ans. 
Finance refers to the management of money and investments.
• Finance involves the allocation, acquisition, and utilization of funds.

• It includes activities such as budgeting, financial planning, and investment analysis.

• Finance helps individuals and organizations make informed decisions about money.

• Examples of finance include managing personal savings, analyzing company financial statements, and evaluating investment opport
Answered by AI
View 1 more amswer
Q2. What dose working capital means
Ans. 
Working capital refers to the funds available for a company's day-to-day operations and is calculated by subtracting current liabilities from current assets.
• Working capital is a measure of a company's liquidity and ability to meet short-term obligations.

• It represents the difference between a company's current assets (such as cash, inventory, accounts receivable) and its current liabilities (such as accounts payable, sh...read more
Answered by AI
View 1 more amswer
Q3. Explain a cash flow statement
Ans. 
A cash flow statement is a financial statement that shows the inflows and outflows of cash in a company over a specific period of time.
• It provides information about the cash generated from operating activities, investing activities, and financing activities.

• Operating activities include cash received from sales, payment to suppliers, and payment to employees.

• Investing activities include cash used for purchasing or selli...read more
Answered by AI
View 1 more amswer
Q4. What is an fare value
Ans. 
Fair value is the estimated price at which an asset or liability would be exchanged between knowledgeable and willing parties in an arm's length transaction.
• Fair value is used in accounting to determine the value of assets and liabilities on a company's balance sheet.

• It is based on market prices or other objective measures of value.

• Fair value is important for financial reporting and decision-making.

• Examples of assets t...read more
Answered by AI
Add your answer
Q5. Fair value refers to the estimate of the potential market price of an asset, goods or services. The fair value of an asset is the amount at which you can buy or sell the asset in a current transaction betw...read more
Add your answer
Q6. What do you mean by Secondary market
Ans. 
Secondary market refers to the buying and selling of securities that have already been issued.
• It is also known as aftermarket

• Investors buy and sell securities among themselves without the involvement of the issuing company

• Examples include stock exchanges, bond markets, and futures markets
Answered by AI
View 1 more amswer
Q7. Secondary market is were people trade securities that have been offered to the public in the primary market before hand and are listed on the stock exchange. The secondary market is also known as the after...read more
Add your answer
Q8. Explain about deferred Tax liability
Ans. 
Deferred tax liability is a tax obligation that a company will have to pay in the future due to temporary differences between accounting and tax rules.
• It arises when there is a difference between the tax base of an asset or liability and its carrying amount in the financial statements

• It is calculated by multiplying the temporary difference by the applicable tax rate

• It is a non-current liability that is expected to be s...read more
Answered by AI
Add your answer
Q9. Deferred Tax liability is the amount the company hasn't paid yet to the tax department but is expecting to pay it in future. It happens when company tax expenses are lesser than the amount they reflect in ...read more
Add your answer

Q1. Tell me about yourself.
View 1 more amswer

Computer

Q1. 1) Tell me about yourself? 2) About Educational Background and Family Background? 3) Are you fresher or experience Candidate? 4) what would be expecting in salary? 5) Are you comfortable to come for traini...read more
Add your answer
Q2. Do you know about petty cash transactions?
Ans. 
Yes, I am familiar with petty cash transactions.
• Petty cash transactions refer to small cash payments made for miscellaneous expenses.

• These transactions are typically recorded in a petty cash book or log.

• Examples of petty cash transactions include reimbursing employees for office supplies, paying for small repairs, or covering minor travel expenses.

• Proper documentation and reconciliation of petty cash transactions are e
Answered by AI
Add your answer
Q3. How will be manage all the payments and staff records?
Ans. 
We will manage all payments and staff records through a comprehensive accounting software system.
• Implementing an accounting software system to track and manage all payments and staff records

• Creating a centralized database to store and organize payment and staff information

• Establishing clear processes and procedures for recording and updating payment and staff records

• Regularly reconciling payment records with bank state...read more
Answered by AI
Add your answer
Q4. Do you know about petty cash transactions?
Ans. 
Yes, I am familiar with petty cash transactions.
• Petty cash transactions refer to small cash payments made for miscellaneous expenses.

• These transactions are typically recorded in a petty cash book or log.

• Examples of petty cash transactions include purchasing office supplies, reimbursing employees for small expenses, or paying for minor repairs.

• Proper documentation and reconciliation of petty cash transactions are import
Answered by AI
Add your answer
Q5. How will be manage all the payments and staff records?
Ans. 
We will manage all payments and staff records through a comprehensive accounting system.
• Implementing an accounting software to track and manage payments

• Maintaining a centralized database for staff records

• Establishing clear processes and procedures for payment and record management

• Regularly reconciling payments and updating staff records

• Ensuring data security and confidentiality

• Providing training and support to staff fo
Answered by AI
Add your answer

Q1. 1) Tell me about yourself? 2) Tell me journal entries like purchase and sales? 3) Tell me about your strength and weaknesses? 4) Do you know about the golden rules of accounting? 5) What would be expecting...read more
Add your answer

Q1. Question About Your Previous Work Experience.
Add your answer
Q2. About Your Currant Job Profile.
Add your answer