ASC Group Taxation Executive Interview Questions and Answers

Test is on basic accounting concepts

Q1. We will have a second round with their senior employee, in this round they will check our knowledge and understanding of core accounting concepts
Add your answer

Q1. This is one of my toughest interview round i had in my career, I felt very happy, the way they they did interview, in this round they will check your core accounting knowledge at expert level and few behav...read more
Add your answer

Mixed Questions on Math & General English

Q1. Based on Current Taxation
Add your answer

Q1. Introduce yourself
Add your answer

Q1. Journal entries related to deferred revenue, accrual
Add your answer
Q2. Journal entries related to recording of expenses and incomes
Add your answer

Assignment is accounting related

Q1. Concept of deffered accounting
Ans. 
Deferred accounting refers to recognizing revenue or expenses at a later date than when they are actually incurred.
• Deferred accounting is used to match revenue and expenses with the period in which they are actually earned or incurred.

• Common examples include prepaid expenses and unearned revenue.

• Deferred tax liabilities and assets are also examples of deferred accounting.

• It helps in accurately reflecting the financial
Answered by AI
Add your answer
Q2. Journal entries for amortization
Ans. 
Journal entries for amortization involve recording the gradual reduction in value of intangible assets over time.
• Amortization is the process of allocating the cost of intangible assets over their useful life.

• Debit the Amortization Expense account and credit the Accumulated Amortization account.

• Journal entry example: Debit Amortization Expense $1,000, Credit Accumulated Amortization $1,000.

• Amortization does not apply to
Answered by AI
Add your answer
Q3. Depreciation accounting
Add your answer

Q1. Salary discussion
Add your answer

Q1. Explain about ASC 842
Add your answer
Q2. Explain ASC 606 five steps
Add your answer

Q1. Tell me about yrself
Add your answer

Writing test about the subject