BDO India LLP Associate Interview Questions, Process, and Tips

Internal Audit, Case scenario, Problem solving, Risk Identification, SOP, Controls

Q1. Tell me something about yourself, brief family background,
Ans. 
I come from a close-knit family with a diverse background.
• I have two siblings, an older brother and a younger sister.

• My parents are both professionals, my father is a doctor and my mother is a lawyer.

• We have a strong bond and often spend quality time together, such as going on family vacations or celebrating special occasions.

• Growing up, my family instilled in me the values of hard work, integrity, and compassion.

• My fa...read more
Answered by AI
Add your answer
Q2. Latest Joining date and Why this organization?
Ans. 
My latest joining date is 1st July 2022. I chose this organization because of its strong reputation, growth opportunities, and alignment with my career goals.
• Latest joining date: 1st July 2022

• Chose this organization due to its strong reputation

• Opportunities for growth and development

• Alignment with my career goals
Answered by AI
Add your answer

Q1. What is AR and the Journal entries related to it
Ans. 
AR stands for Accounts Receivable. Journal entries related to it are transactions that record the amount owed to a company by its customers.
• AR is a type of asset account that represents money owed to a company by its customers

• Journal entries related to AR include recording sales on credit, receiving payments from customers, and writing off bad debts

• Example: Recording a sale on credit would involve debiting AR and credi...read more
Answered by AI
View 2 more answers
Q2. Company ABC Ltd was provided services worth 1,00,000 and 10% TDS deducted, what should be the Journal entry
Ans. 
Journal entry for services worth 1,00,000 with 10% TDS deducted
• Debit the TDS account with 10,000

• Credit the vendor account with 90,000

• Credit the TDS payable account with 10,000
Answered by AI
View 2 more answers
Q3. If it becomes Insolvent what should be the entry.
Ans. 
If a company becomes insolvent, the entry should be recorded as a loss in the financial statements.
• Insolvency occurs when a company is unable to pay its debts and liabilities.

• The entry to record insolvency typically involves recognizing a loss on the balance sheet.

• The specific accounts affected will depend on the nature of the insolvency and the company's accounting policies.

• For example, if a company becomes insolvent ...read more
Answered by AI
View 2 more answers
Q4. In case the Bad debt is recovered what should be the entry
Ans. 
If bad debt is recovered, the entry should be a reversal of the original bad debt write-off entry.
• Create a journal entry to reverse the original bad debt write-off entry

• Debit the bad debt recovery account for the amount recovered

• Credit the accounts receivable account for the same amount

• If any interest or fees were charged on the bad debt, those should be credited to the income account

• If the bad debt was previously writ...read more
Answered by AI
View 3 more answers

Q1. Internal financial control meaning
Ans. 
Internal financial control refers to the policies and procedures implemented by a company to ensure accurate financial reporting and prevent fraud.
• Internal financial control involves the establishment of clear policies and procedures for financial reporting and record-keeping.

• It includes measures to prevent fraud and ensure compliance with relevant laws and regulations.

• Examples of internal financial controls include se...read more
Answered by AI
Add your answer
Q2. Description about articleship experience
Add your answer
Q3. Auditing standards and companies act 2013
Add your answer

Q1. They ask questions on basic accounting, prepaid & provision entries.
Add your answer
Q2. Excel - v lookup h lookup pivot table
Add your answer
Q3. Tell me aboutyourself
Add your answer