Bain & Company Assistant Manager Interview Questions and Answers

Q1. Questions were based on my CV and the type of work I had done.
Ans. I went in depth with the type of work I did, carefully and diligently describing the type of work I have been doing.
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The current scenario of Airport Sector in India and how new policies are going to affect the sector.

Q1. A one-on-one interaction with the BU Partner. He asked a wide variety of questions to judge my suitability to the Team and communication skills
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Q2. Tried to be as upfront and as honest as possible.
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Q1. What is accrual and it's entry
Ans. 
Accrual is an accounting method where revenue or expenses are recognized when earned or incurred, regardless of when payment is received or made.
• Accrual accounting is the opposite of cash accounting

• Accruals are recorded as adjusting entries in the general ledger

• Examples of accruals include interest expense, salaries payable, and accounts receivable

• The entry for an accrual involves debiting an expense account and credit
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Q2. What is contingency liability
Ans. 
Contingency liability is a potential liability that may occur in the future based on certain events or circumstances.
• It is a liability that is not certain but may occur in the future

• It is based on certain events or circumstances

• Examples include lawsuits, warranties, and environmental cleanup costs
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