Aryan International Accountant Interview Questions and Answers

Accounting questions for aptitude test

Q1. What is working capital
Ans. 
Working capital is the difference between a company's current assets and current liabilities.
• Working capital is a measure of a company's operational efficiency and short-term financial health.

• It shows how much liquid assets a company has available to meet its short-term obligations.

• Formula: Working Capital = Current Assets - Current Liabilities

• Examples of current assets: cash, accounts receivable, inventory

• Examples of ...read more
Answered by AI
Add your answer
Q2. What is a accounting process
Ans. 
Accounting process refers to the series of steps taken to record, analyze, and report financial transactions of a business.
• The accounting process starts with identifying and recording financial transactions.

• Transactions are then classified into different accounts based on their nature (e.g. assets, liabilities, equity, revenue, expenses).

• The recorded transactions are then summarized and analyzed to prepare financial st...read more
Answered by AI
Add your answer
Q3. All accounting questions
Add your answer
Q4. State the three main types of accounting
Ans. 
The three main types of accounting are financial accounting, management accounting, and tax accounting.
• Financial accounting focuses on recording and reporting financial transactions of a business.

• Management accounting involves providing information to help with internal decision-making and planning.

• Tax accounting deals with tax-related matters, such as preparing tax returns and ensuring compliance with tax laws.
Answered by AI
Add your answer
Q5. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: 1. Debit the receiver, credit the giver 2. Debit what comes in, credit what goes out 3. Debit expenses and losses, credit income and gains

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a...read more
Answered by AI
Add your answer

Q1. About my skills and qualifications
Add your answer

The CEO of the company comes to us and give us to discuss in group

The CEO gave us a assignment to clear the installment files

Q1. What is Accounts Payable ?
Ans. 
Accounts Payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts Payable is a liability on the balance sheet

• It represents the company's obligation to pay off short-term debts to creditors

• It includes invoices from suppliers, utility bills, and other expenses

• Accounts Payable is typically recorded when goods or services are received, not when they are pa
Answered by AI
View 1 more answer
Q2. What is Procure to pay ?
Ans. 
Procure to pay is the process of obtaining and paying for goods and services from suppliers.
• Involves requesting goods/services, receiving them, approving invoices, and making payments

• Includes steps like purchase requisition, purchase order, goods receipt, invoice verification, and payment processing

• Helps streamline the purchasing process and ensure timely payments to suppliers
Answered by AI
View 1 more answer

Q1. Nilesh Nahata sir
Add your answer
Q2. Silk and expression
Add your answer
Q3. And knowledge with my accountant realted
Add your answer
Q4. Experience in workrealted
Add your answer
Q5. And knowledge in accountant skils
Add your answer
Q6. Communication and body language
Add your answer
Q7. Knowledge in work process
Add your answer

Costing and factory work

Q1. Tell me something about ypurself
Add your answer

It’s multiple type question

Q1. Normal HR questions
Add your answer

Q1. Prior experience and basic accounting questions
Add your answer

One topic and discuss with two and More people

Multiplication addition