Annapurna Finance Interview Questions, Process, and Tips

A cash book is a financial record that tracks all cash transactions of a business.

• It is used to record all cash receipts and payments.

• It helps in maintaining an accurate record of cash flow.

• Cash book entries are usually categorized into cash receipts and cash payments.

• It is an important tool for internal audit as it provides a clear picture of cash transactions.

• Examples of cash book entries include cash sales, cash pur

BRS stands for Bank Reconciliation Statement.

• BRS is a statement that compares the bank balance as per the bank statement with the balance as per the company's books.

• It helps in identifying any discrepancies or errors in the bank transactions.

• The statement includes items such as deposits in transit, outstanding checks, bank charges, and interest.

• The ultimate goal of BRS is to ensure that the company's cash balance match...read more

SMA stands for Special Mention Account, STD stands for Sub-Standard Account, and DPD stands for Days Past Due.

• SMA is a classification for accounts that have potential weaknesses and require close monitoring.

• STD is a classification for accounts that have well-defined weaknesses and are considered to be non-performing.

• DPD is a measure of how many days a payment is overdue.

• These terms are commonly used in credit managemen

NPA declaration refers to the classification of a loan as a non-performing asset.

• NPA is declared when a borrower fails to make repayments for a certain period of time.

• The classification of NPA is done based on the number of days the repayment is overdue.

• NPA classification has a negative impact on the credit score of the borrower and the lender's balance sheet.

• Banks and financial institutions are required to make provis...read more

Mortgage requires several documents for approval.

• Proof of income

• Credit report

• Property appraisal

• Title report

• Homeowner's insurance

• Tax returns

• Bank statements

The process flow for unsecured loan involves several steps from application to disbursement.

• The borrower submits an application with personal and financial information.

• The lender evaluates the borrower's creditworthiness and risk profile.

• If approved, the lender offers a loan amount and terms.

• The borrower accepts the offer and signs the loan agreement.

• The lender disburses the loan amount to the borrower's account.

• The bo...read more

Yes, I am willing to travel as required for the job.

• I am comfortable with travel and have done it before for work.

• I understand that travel is a necessary part of the job and am willing to make the necessary arrangements.

• I am adaptable and can work effectively in different environments and cultures.

Manual working is necessary for certain tasks that require human intervention or precision.

• Manual working allows for greater control and attention to detail.

• Some tasks cannot be automated due to their complexity or uniqueness.

• Manual work is often required in industries like healthcare, construction, and art.

• It can involve activities such as handcrafting, surgery, or quality control.

• Manual work can also be necessary whe...read more