Baazar Retail Private Limited Accountant Interview Questions and Answers

Golden rules of accounting are basic principles that guide the process of recording financial transactions.

• There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help maintain the balance in accounting records and ensure accuracy in financial reporting.

• For example, when a company receives...read more

General Accepted Accounting Principle refers to a common set of accounting standards and procedures used in the preparation of financial statements.

• GAAP ensures consistency and comparability in financial reporting

• GAAP includes principles such as the cost principle, revenue recognition principle, and matching principle

• GAAP is important for investors, creditors, and other stakeholders to make informed decisions based on

Excel fluency and team management are crucial for a Senior Accountant.

• Demonstrate proficiency in using Excel for financial analysis, data manipulation, and reporting.

• Highlight experience in creating complex formulas, pivot tables, and macros.

• Discuss your ability to handle large datasets and perform data analysis.

• Explain how you ensure accuracy and integrity of financial data in Excel.

• Describe your experience in trainin...read more