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Befree Business Resourceing Associate Executive Interview Questions, Process, and Tips
Top Befree Business Resourceing Associate Executive Interview Questions and Answers
- Q1. What is bad debt and bad debt recovery entry
- Q2. Difference between accrued and prepaid exp/revenue, and journal entries.
- Q3. 1. what is depreciation
Befree Business Resourceing Associate Executive Interview Experiences
3 interviews found
I applied via Naukri.com and was interviewed in Sep 2022. There were 3 interview rounds.
Questions related to basic accounts, GST, MS Excel knowledge, case studies etc
(2 Questions)
- Q1. Basic accounting, GST related questions.
- Q2. Also questions related to the resume
Interview Preparation Tips
- Accounting
- GST
Selected
I applied via Campus Placement and was interviewed before Jul 2022. There were 3 interview rounds.
It consist of Basic accounting questions, GST, Reasoning and Aptitude questions
(2 Questions)
- Q1. 1. what is depreciation
- Ans.
Depreciation is the allocation of the cost of a tangible asset over its useful life.
Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.
It is used to spread out the cost of an asset over its useful life for accounting and tax purposes.
Common methods of calculating depreciation include straight-line, double declining balance, and units of production.
Examples of depreciable assets...
- Q2. Why would you like to join our company
(5 Questions)
- Q1. 3 golden rule for accounting
- Ans.
The 3 golden rules for accounting are the rules of debit and credit, the rule of assets = liabilities + equity, and the revenue recognition principle.
Rule of Debit and Credit: Every transaction has equal debits and credits, ensuring the accounting equation stays balanced.
Assets = Liabilities + Equity: This equation must always hold true, representing the financial position of a company.
Revenue Recognition Principle: Re...
- Q2. Difference between accrued and prepaid exp/revenue, and journal entries.
- Ans.
Accrued expenses/revenue are incurred but not yet paid/received, while prepaid expenses/revenue are paid/received in advance.
Accrued expenses/revenue are recognized when incurred, regardless of payment/receipt.
Prepaid expenses/revenue are recognized when paid/received, and then expensed/revenue recognized over time.
Journal entry for accrued expenses: Debit expense account, Credit accrued liability account.
Journal entry...
- Q3. What is accrual concept
- Ans.
Accrual concept is an accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
Revenue is recognized when it is earned, not when cash is received.
Expenses are recognized when they are incurred, not when they are paid.
Accrual accounting provides a more accurate representation of a company's financial position.
Example: A company records revenue when...
- Q4. Questions from your CV
- Q5. Capitalization and revenue exp and there entries
Interview Preparation Tips
Selected
I applied via Approached by Company and was interviewed before Apr 2022. There were 4 interview rounds.
(1 Question)
- Q1. In HR round they ask yourself and give information about company policy
In aptitude test they ask mathematics,E-mail writing, accounting question
(1 Question)
- Q1. What is bad debt and bad debt recovery entry
- Ans.
Bad debt is an amount owed by a debtor that is unlikely to be paid. Bad debt recovery entry is the process of recovering the amount owed.
Bad debt is a loss for the company and is written off as an expense
Bad debt recovery entry is made when the amount is recovered
The entry is made by debiting the cash account and crediting the bad debt recovery account
Example: If a customer owes $1000 and is unable to pay, it becomes b...
Interview Preparation Tips
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Associate Executive Interview Questions & Answers
Grant Thornton Bharat
Anonymous
posted on 5 Aug 2022
I applied via Company Website and was interviewed in Jul 2022. There was 1 interview round.
(1 Question)
- Q1. Asked for MATERIALITY AUDIT WORKING & PLANING
Interview Preparation Tips
read stabdard on auditing issued by icai
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
I applied via Approached by Company and was interviewed in Oct 2024. There was 1 interview round.
(2 Questions)
- Q1. How would you identify a Finance Lease? (5 pointers)
- Ans.
A finance lease is a type of lease where the lessee has substantially all the risks and rewards of ownership.
The lease term is for the major part of the economic life of the asset
The present value of the minimum lease payments is equal to or more than the fair value of the asset
The asset is expected to be used by the lessee for the major part of its economic life
The lease agreement includes an option to purchase the as...
- Q2. How would you recognise revenue of Bundled services?
- Ans.
Recognizing revenue of bundled services involves allocating the total revenue to each service based on their standalone selling prices.
Identify the standalone selling prices of each service included in the bundle.
Allocate the total revenue based on the relative fair value of each service.
Recognize revenue for each service as it is delivered or as the customer consumes the service.
Ensure that the revenue recognition com...
Interview Preparation Tips
Selected
I applied via Job Fair
(1 Question)
- Q1. Question from ESG framework
Interview Preparation Tips
No need to join this worst organisation.
No mental peace.
I applied via Newspaper Ad and was interviewed in May 2024. There were 2 interview rounds.
Maths accountancy excel test
(5 Questions)
- Q1. Basic accounting questions
- Q2. Formula of cogs
- Ans.
COGS stands for Cost of Goods Sold, and the formula to calculate it is Opening Inventory + Purchases - Closing Inventory.
COGS = Opening Inventory + Purchases - Closing Inventory
Opening Inventory: The value of inventory at the beginning of the accounting period
Purchases: The cost of inventory purchased during the accounting period
Closing Inventory: The value of inventory at the end of the accounting period
Example: Openi...
- Q3. Bank reconciliation
- Q4. Trial balance related
- Q5. Accounting entries
Praveen G
(2 Questions)
- Q1. What is toe in audit
- Q2. What is tod in audit
Selected
I applied via LinkedIn and was interviewed in Jul 2024. There was 1 interview round.
(3 Questions)
- Q1. How you got to know about us?
- Ans.
Through a job search website
Browsing job search websites
Saw job posting on LinkedIn
Referred by a friend who saw the job posting
- Q2. Tell something interesting about you
- Ans.
I have traveled to over 20 countries and can speak 4 languages fluently.
I love exploring new cultures and trying different cuisines
I have lived in Europe, Asia, and North America
I am fluent in English, Spanish, French, and Mandarin
Traveling has broadened my perspective and enriched my life experiences
- Q3. Apart from self intro say something interesting about you?
Interview Preparation Tips
and try to answer without fillers
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Befree Business Resourceing Associate Executive Interview Process
based on 2 interviews
1 Interview rounds
- Resume Shortlist Round
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Befree Business Resourceing Associate Executive Reviews and Ratings
based on 15 reviews
Rating in categories
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Associate
253
salaries
|  ₹2.6 L/yr - ₹6.5 L/yr |
|
Junior Associate
117
salaries
| ₹2.3 L/yr - ₹4.5 L/yr |
|
Associate Executive
68
salaries
| ₹2 L/yr - ₹6.3 L/yr |
|
Senior Associate
62
salaries
| ₹4 L/yr - ₹9 L/yr |
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Assistant Manager
55
salaries
| ₹4.7 L/yr - ₹12 L/yr |
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