B S R & Co Llp Interview Questions and Answers

This test include some parts - reasoning, general english, maths aptitude, communication etc so that company can identify or select the knowledgeable candidate for the work and i think it is best method because through this we came to know about ourselves that where we actually stand.

It was like in the groups of 10- 12 candidates and we have to speak about strong points of the topic.

Q1. In this round technical question were asked related to our profile and study like i am from commerce line so there were questions from the accountancy subject . Generally it covered basics of class 11 to 1...read more
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Q2. What is deprecation means with types
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Depreciation refers to the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
• Depreciation can be classified into three main types: straight-line depreciation, double declining balance depreciation, and units of production depreciation.

• Straight-line depreciation allocates an equal amount of depreciation expense each year over the useful life of the asset.

• Double declining balanc...read more
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Q3. Diff between equity and preference shares
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Equity shares represent ownership in a company with voting rights, while preference shares have fixed dividends but no voting rights.
• Equity shares represent ownership in a company and provide voting rights to shareholders.

• Preference shares have fixed dividends that must be paid before equity shareholders receive any dividends.

• Preference shareholders do not usually have voting rights in the company.

• Equity shareholders h...read more
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Q4. Journal entries
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Q5. Basic of accounts
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Q1. What are Golden rules of accounting?
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; 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 compa...read more
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Q2. What are financial statements?
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Financial statements are formal records of the financial activities and position of a business, organization, or individual.
• Financial statements include the balance sheet, income statement, and cash flow statement.

• They provide information on the financial performance, financial position, and cash flows of an entity.

• Balance sheet shows assets, liabilities, and equity at a specific point in time.

• Income statement shows re...read more
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Q1. General discussion.
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Q1. What is depreciation?
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Depreciation is the allocation of the cost of a tangible asset over its useful life.
• Depreciation is a non-cash expense that reduces the value of an asset over time.

• It reflects the wear and tear, obsolescence, or decrease in value of the asset.

• Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

• Example: A company purchases a delivery truck for $50,000 with ...read more
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Q2. Does land depreciate?
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Land does not depreciate in value over time.
• Land is considered to have an indefinite useful life and therefore does not depreciate.

• Unlike buildings or machinery, land does not wear out or become obsolete.

• The value of land can fluctuate based on factors such as location, demand, and zoning regulations.
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Q3. Tell me about yourself.
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Q4. Golden rule of accounting.
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The golden rule of accounting states that debit what comes in and credit what goes out.
• Debit what comes in and credit what goes out

• Assets = Liabilities + Equity

• Revenue increases equity, expenses decrease equity
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Q5. Question on cash flow statement.
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Q6. What do you understand by audit?
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Audit is a systematic examination of financial records, statements, or operations to ensure accuracy and compliance with laws and regulations.
• Audit involves reviewing financial records, statements, or operations of an organization.

• The purpose of an audit is to ensure accuracy, reliability, and compliance with laws and regulations.

• Auditors use various techniques such as sampling, testing, and analysis to gather evidence...read more
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They give you the topic and give you 2min to think on it

Q1. Journal entries
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Q2. Basic accounting questions
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Q1. Tell me about yourself
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I am a detail-oriented professional with a strong background in auditing and data analysis.
• I have a Bachelor's degree in Accounting and Finance

• I have experience working as an Audit Intern at XYZ Company

• I am proficient in using data analysis tools such as Excel and Tableau

• I have strong analytical skills and attention to detail
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Q2. Can you travel long
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Yes, I am able to travel long distances for work if required.
• I have experience traveling for work in my previous roles

• I am comfortable with long flights or drives

• I am willing to travel for audits as needed
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