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Ascent HR Technologies Private Limited Interview Questions and Answers

Updated 18 Feb 2025

Q1. What are the payroll related statutes

Ans.

Payroll related statutes are laws and regulations that govern the payment of wages and benefits to employees.

  • Fair Labor Standards Act (FLSA) sets minimum wage and overtime pay standards

  • Family and Medical Leave Act (FMLA) provides unpaid leave for certain medical and family reasons

  • Internal Revenue Code (IRC) outlines tax withholding requirements

  • Employee Retirement Income Security Act (ERISA) regulates employee benefit plans

  • Equal Pay Act (EPA) prohibits gender-based wage discri...read more

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Q2. WPM 30 accuracy 98% above

Ans.

I have a typing speed of 30 words per minute with an accuracy rate of 98% or higher.

  • I have a typing speed of 30 WPM, which means I can type 30 words in a minute.

  • My accuracy rate is 98% or above, indicating that I make very few errors while typing.

  • I am proficient in data entry tasks and can input information accurately and efficiently.

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Q3. Describe about accounts

Ans.

Accounts refer to financial records that track the inflow and outflow of money in an organization.

  • Accounts are used to keep track of financial transactions.

  • They help in monitoring the financial health of an organization.

  • Examples of accounts include cash, accounts receivable, accounts payable, and inventory.

  • Accounts are usually maintained using accounting software.

  • Financial statements such as balance sheets and income statements are prepared using data from accounts.

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Q4. What is accural?

Ans.

Accrual refers to the recognition of revenues and expenses when they are incurred, regardless of when cash is exchanged.

  • Accrual accounting matches revenues with expenses in the same accounting period

  • It provides a more accurate representation of a company's financial position

  • Examples include recognizing revenue when services are performed, even if payment has not been received yet

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Q5. What is restricted wages in EPF

Ans.

Restricted wages in EPF refer to the portion of an employee's salary that is not considered for calculating EPF contributions.

  • Restricted wages are typically non-monetary benefits or allowances provided to employees.

  • These wages are excluded from the calculation of EPF contributions.

  • Examples of restricted wages include housing allowances, travel allowances, and food allowances.

  • Only basic wages and dearness allowance are considered for EPF contribution calculations.

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Q6. Explain one system anatomy Where is femur What is nce

Ans.

The femur is the largest bone in the human body and is located in the thigh. NCE is not a medical term or abbreviation.

  • The femur is also known as the thigh bone.

  • It connects the hip bone to the knee.

  • The femur is responsible for supporting the weight of the body during activities such as walking and running.

  • NCE is not a recognized medical term or abbreviation.

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Q7. What are the formulas you know

Ans.

I know various formulas related to finance, statistics, and mathematics.

  • Finance formulas: ROI, NPV, IRR

  • Statistics formulas: mean, median, standard deviation

  • Mathematics formulas: Pythagorean theorem, quadratic formula

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Q8. VLookup formula

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Q9. Round sum formula

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