10+ Interview Questions and Answers

TDS stands for Tax Deducted at Source. Section 192 C of TDS pertains to TDS on payment of arrears.

• TDS is a tax collection mechanism where tax is deducted at the source of income.

• Section 192 C of TDS deals with TDS on payment of arrears.

• Arrears refer to the payment of salary or other dues that were not paid in the previous financial year.

• The employer is required to deduct TDS on such arrears at the time of payment.

• The rate of TDS for arrears payment is the average rate of inco...read more

GST compliances include filing of GSTR 1, 3B and 2A with specific due dates.

• GSTR 1 is filed monthly or quarterly depending on the turnover of the business.

• Due date for GSTR 1 is 11th of the following month for monthly filers and 13th for quarterly filers.

• GSTR 3B is filed monthly and due date is 20th of the following month.

• GSTR 2A is an auto-populated form and due date is not applicable as it is for reference purposes only.

Pivot Table is used to summarize, analyze and present large amounts of data in a structured manner.

• It helps in creating reports and charts from complex data sets.

• It allows users to quickly and easily summarize and analyze large amounts of data.

• It provides a flexible way to view data from different angles.

• It can be used to group, filter, and sort data based on various criteria.

• It is a powerful tool for data analysis and decision-making.

Depreciation methods include straight-line, declining balance, sum-of-the-years' digits, and units of production.

• Straight-line method charges an equal amount of depreciation each year.

• Declining balance method charges a higher rate of depreciation in the early years of an asset's life.

• Sum-of-the-years' digits method charges a higher amount of depreciation in the early years of an asset's life.

• Units of production method charges depreciation based on the actual usage of the asse...read more

I expect a competitive salary based on my qualifications, experience, and the responsibilities of the role.

• I am looking for a salary that reflects my skills and expertise in the field of accounts and finance.

• I would like to be compensated fairly for the responsibilities and tasks associated with the position.

• Considering my experience and the market standards, I expect a salary in the range of X to Y.

• I am open to negotiation and would appreciate a comprehensive benefits packag...read more

Vlookup is a function in Excel used to search for a specific value in a table and return a corresponding value from another column.

• Vlookup stands for 'Vertical Lookup'

• It is used to search for a specific value in the first column of a table

• It returns a corresponding value from another column in the same row

• It is commonly used for data analysis and management

• Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Example: =VLOOKUP(A2, B2:C10, 2, FALSE) will se...read more

To achieve a sales target of 70000 with 100 footfall, focus on increasing average transaction value and conversion rate.

• Implement upselling and cross-selling techniques to increase average transaction value

• Train staff on effective sales techniques to improve conversion rate

• Analyze customer data to identify trends and tailor promotions accordingly

• Optimize store layout and product placement to encourage impulse purchases

I have over 5 years of retail experience, including managing inventory, training staff, and providing excellent customer service.

• Managed inventory to ensure products were always in stock

• Trained new staff members on company policies and procedures

• Provided exceptional customer service to increase customer satisfaction and loyalty

ABV stands for Alcohol by Volume, which is a standard measure used to quantify the amount of alcohol in a beverage.

• ABV is expressed as a percentage and represents the ratio of alcohol to the total volume of the beverage.

• It is commonly used in the brewing and distilling industry to indicate the strength or potency of alcoholic beverages.

• For example, a beer with an ABV of 5% means that 5% of its total volume is pure alcohol.

• ABV is important for consumers to understand the alcoh...read more