Bhandari Automobiles Accountant Interview Questions and Answers

Q1. What is EBIT and EBITDA
Ans. 
EBIT stands for Earnings Before Interest and Taxes, while EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization.
• EBIT is a measure of a company's operating performance without factoring in interest and taxes.

• EBITDA is a measure of a company's operating performance without factoring in interest, taxes, depreciation, and amortization.

• Both EBIT and EBITDA are commonly used to evaluate a company'...read more
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Q2. What is BEP and MOS
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BEP stands for Break-Even Point and MOS stands for Margin of Safety.
• BEP is the point at which total revenue equals total costs, resulting in neither profit nor loss.

• MOS is the amount by which sales can drop before the company reaches the BEP.

• Calculating BEP helps in determining the minimum amount of sales needed to cover costs.

• MOS provides a cushion for the company in case of unexpected changes in sales or costs.
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Q1. Regarding p&l account
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Q2. Journal entries of reconciliation
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Journal entries of reconciliation involve adjusting entries to ensure the balance in the general ledger matches the bank statement.
• Reconciliation involves comparing the transactions in the bank statement with those in the general ledger.

• Adjusting entries are made to correct any discrepancies between the two records.

• Common adjusting entries include recording bank fees, interest income, outstanding checks, and deposits i...read more
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Q1. Basic details of mine
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Q2. Reason for joining the volvo
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Q1. What is prepayment, what is ar ageing, what is cogs, what is direct expenses, indirect expense, what is hedging, journal entry for os salary, journal entry for prepaid salary, what is cost centre, what is ...read more
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Prepayment is an advance payment made for goods or services. AR ageing is the analysis of outstanding customer invoices. COGS is the cost of producing or purchasing goods sold. Direct expenses are costs directly related to the production of goods or services. Indirect expenses are costs not directly related to production. Hedging is a financial strategy to reduce risk. Journal entry for OS salary is debit salary expens...read more
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Q1. About yourself ?
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Q2. Asking about previous working experience
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Q1. What is cash flow statement
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A cash flow statement is a financial statement that shows the inflows and outflows of cash in a business over a specific period of time.
• It provides information about the cash generated from operating activities, investing activities, and financing activities.

• Operating activities include cash received from sales, payment to suppliers, and payment to employees.

• Investing activities include cash used for purchasing or sell...read more
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Q2. What are the important finance statement
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The important finance statements are the balance sheet, income statement, and cash flow statement.
• Balance sheet shows the company's assets, liabilities, and equity at a specific point in time.

• Income statement shows the company's revenue, expenses, and net income over a period of time.

• Cash flow statement shows the company's cash inflows and outflows over a period of time.

• These statements are important for investors, cre...read more
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Q3. Basically ask whatever is available in resume
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