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BDO India LLP Interview Questions, Process, and Tips
Top BDO India LLP Interview Questions and Answers
- Q1. How will you deal with client whet it's not our fault?asked in Account Assistant interview
- Q2. Difference in CARO 2016 and CARO 2020 Risk associated in sales Internal control Procedure to check sales As related questions SAs related questionsasked in Article Trainee interview
- Q3. In case the Bad debt is recovered what should be the entryasked in Associate interview
BDO India LLP Interview Experiences
78 interviews found
Anonymous
I applied via Referral and was interviewed in Aug 2022. There was 1 interview round.
(4 Questions)
- 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...
- 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
- 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 ...
- 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...
Interview Preparation Tips
Associate Interview Questions asked at other Companies
I applied via Recruitment Consulltant and was interviewed in Aug 2024. There were 3 interview rounds.
(3 Questions)
- Q1. What is Passive foreign Investment company
- Ans.
Passive Foreign Investment Company (PFIC) is a foreign corporation where at least 75% of its gross income is passive or at least 50% of its assets produce passive income.
PFIC status can have significant tax implications for U.S. taxpayers.
Taxpayers must report PFIC investments on Form 8621.
PFIC rules are complex and may require specialized tax advice.
Examples of PFICs include certain foreign mutual funds and holding co
- Q2. What is Form 5471
- Ans.
Form 5471 is a tax form used by certain U.S. persons who are shareholders in certain foreign corporations.
Required to be filed by U.S. persons who are officers, directors, or shareholders in certain foreign corporations
Provides information on the foreign corporation's financial activities and ownership structure
Helps the IRS prevent tax evasion through controlled foreign corporations
Different filing requirements based ...
- Q3. Questions on Form 1040
(2 Questions)
- Q1. Questions on form 1040
- Q2. Questions on what type of structure in tax would I select to work in BDO
(3 Questions)
- Q1. Questions on form 1040 & everything was covered
- Q2. Questions on Form 5471
- Q3. Questions on form 962
Interview Preparation Tips
Partner round is very brutal for me.
Tax Associate Interview Questions asked at other Companies
Selected
I applied via Naukri.com and was interviewed in Nov 2024. There was 1 interview round.
(3 Questions)
- Q1. IND AS transition
- Q2. How to handle complex accounting
- Ans.
Best practices for handling complex accounting situations involve thorough research, clear communication, and attention to detail.
Thoroughly research accounting standards and regulations related to the situation
Communicate with relevant stakeholders to gather necessary information and ensure understanding
Document all steps taken and decisions made to maintain a clear audit trail
Seek guidance from experts or consultants...
- Q3. Team work and management
Interview Preparation Tips
Senior Associate Interview Questions asked at other Companies
Selected
I applied via Naukri.com and was interviewed in Jul 2024. There were 4 interview rounds.
(1 Question)
- Q1. Basic information
(1 Question)
- Q1. Assistant manager were the interviewer-Technical question based on case study, understanding of work
(1 Question)
- Q1. Associate director were the interviewer- Technical knowledge questions .
(1 Question)
- Q1. Managing partner were the interviewer- Technical knowledge question
Senior Assistant Interview Questions asked at other Companies
BDO India LLP interview questions for popular designations
Selected
(1 Question)
- Q1. Brief about your existing job responsibilities
- Ans.
I am currently responsible for overseeing the daily operations of a team, managing budgets, and developing strategic plans.
Overseeing daily operations of team
Managing budgets
Developing strategic plans
(1 Question)
- Q1. What was the budget of project you managed
- Ans.
The budget of the project I managed was $1.5 million.
The budget for the project was carefully planned and monitored to ensure all expenses were accounted for.
We allocated funds for various aspects of the project such as personnel, equipment, and materials.
I worked closely with the finance team to track expenses and make adjustments as needed to stay within budget.
An example of a major expense was the purchase of new so
Director Interview Questions asked at other Companies
Get interview-ready with Top BDO India LLP Interview Questions
Selected
I applied via Referral and was interviewed in Dec 2024. There was 1 interview round.
(2 Questions)
- Q1. Account related questions
- Q2. Excel related questions
Jobs at BDO India LLP
(2 Questions)
- Q1. SA knowledge with case study questions
- Q2. Current affairs and sports questions
Article Assistant Interview Questions asked at other Companies
(2 Questions)
- Q1. What is prepaid
- Q2. What is accrual
Interview Preparation Tips
Senior Assistant Interview Questions asked at other Companies
I was interviewed in Sep 2024.
(3 Questions)
- Q1. What is assertion
- Ans.
Assertion is a claim or statement made by management regarding the financial statements.
Assertions are made by management to ensure the accuracy and completeness of financial statements.
There are different types of assertions such as existence, completeness, valuation, rights and obligations, etc.
For example, the assertion of existence would state that all reported assets and liabilities actually exist.
Auditors test th...
- Q2. What is materiality
- Ans.
Materiality is the concept of determining the significance or importance of an item or event in relation to financial statements.
Materiality helps auditors decide what information to focus on during an audit
It is based on the size, nature, and circumstances of an item or event
Materiality is subjective and can vary depending on the context
For example, a small error in a company's financial statements may not be consider...
- Q3. Different types of audit opinion
- Ans.
Different types of audit opinions include unqualified, qualified, adverse, and disclaimer.
Unqualified opinion: clean opinion, no material misstatements found
Qualified opinion: some limitations or scope restrictions, but overall financial statements are fairly presented
Adverse opinion: significant material misstatements found, financial statements are not fairly presented
Disclaimer opinion: auditor unable to form an opi...
Audit Associate Interview Questions asked at other Companies
Selected
I applied via Naukri.com and was interviewed in Aug 2024. There was 1 interview round.
(2 Questions)
- Q1. Past experiences
- Q2. Tools used previously
- Ans.
I have used various financial analysis tools such as Excel, Bloomberg Terminal, and Tableau in my previous roles.
Excel for financial modeling and data analysis
Bloomberg Terminal for market research and analysis
Tableau for data visualization and reporting
Interview Preparation Tips
Just be careful and never join an organisation which undervalues you. Better opportunities will surely come if you have the experience and skill set.
Financial Analyst Interview Questions asked at other Companies
(1 Question)
- Q1. Professional growth
Interview Preparation Tips
Team Manager Interview Questions asked at other Companies
Top trending discussions
BDO India LLP Interview FAQs
The duration of BDO India LLP interview process can vary, but typically it takes about less than 2 weeks to complete.
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BDO India LLP Interviews By Designations
- BDO India LLP Associate Interview Questions
- BDO India LLP Article Assistant Interview Questions
- BDO India LLP Senior Associate Interview Questions
- BDO India LLP Senior Assistant Interview Questions
- BDO India LLP Article Trainee Interview Questions
- BDO India LLP Assistant Manager Interview Questions
- BDO India LLP Audit Assistant Interview Questions
- BDO India LLP Audit Associate Interview Questions
- Show more
Interview Questions for Popular Designations
BDO India LLP Interview Process
based on 77 interviews
Interview experience
Interview Questions from Similar Companies
BDO India LLP Reviews and Ratings
based on 593 reviews
Rating in categories
|
Associate
506
salaries
|  ₹0 L/yr - ₹0 L/yr |
|
Senior Associate
450
salaries
| ₹0 L/yr - ₹0 L/yr |
|
Assistant Manager
317
salaries
| ₹0 L/yr - ₹0 L/yr |
|
Senior Assistant
217
salaries
| ₹0 L/yr - ₹0 L/yr |
|
Manager
143
salaries
| ₹0 L/yr - ₹0 L/yr |
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