JSW Bhushan Power & Steel Assistant Manager Finance & Accounts Interview Questions and Answers

Q1. What is different between buyer credit or supplier credit
Ans. 
Buyer credit is credit extended to the buyer by a financial institution, while supplier credit is credit extended to the buyer by the supplier.
• Buyer credit involves a financial institution providing credit to the buyer to make a purchase, while supplier credit involves the supplier offering credit terms to the buyer.

• Buyer credit typically involves lower interest rates compared to supplier credit.

• Buyer credit may involv...read more
Answered by AI
Add your answer
Q2. What is Lc or bg
Ans. 
LC or BG stands for Letter of Credit or Bank Guarantee, commonly used in international trade to ensure payment or performance.
• LC is a financial document issued by a bank to guarantee payment to a seller upon presentation of documents confirming shipment of goods.

• BG is a promise from a bank to cover a buyer's payment to a seller if the buyer fails to fulfill the terms of a contract.

• Both LC and BG provide security for tr...read more
Answered by AI
Add your answer

Logical reasoning and english grammar

Q1. Tell me about yourself
Add your answer
Q2. What are indas you are comfotable with
Ans. 
I am comfortable with IND-AS 109, 115, 116, and 113 in finance reporting.
• IND-AS 109: Financial Instruments

• IND-AS 115: Revenue from Contracts with Customers

• IND-AS 116: Leases

• IND-AS 113: Fair Value Measurement
Answered by AI
Add your answer
Q3. Explain indas 116
Ans. 
Ind AS 116 is a new lease accounting standard that replaces the existing Ind AS 17.
• Ind AS 116 requires lessees to recognize most leases on their balance sheets as assets and liabilities.

• It eliminates the classification of leases as either operating leases or finance leases.

• Lessees must now recognize a right-of-use asset representing their right to use the leased asset and a lease liability representing their obligation...read more
Answered by AI
Add your answer

Q1. Basic Background Question -
Ans. Details About your Career & Roles & Responsibilities
Answered Anonymously
Add your answer

Q1. Balance Sheet Schedules & IndAs related qusetion
Add your answer
Q2. Mention the structure of Balance Sheet and InAS implication on the same
Ans. 
Balance sheet structure includes assets, liabilities, and equity. InAS affects presentation and disclosure of financial information.
• Balance sheet includes assets, liabilities, and equity

• InAS affects presentation and disclosure of financial information

• InAS requires separate presentation of current and non-current assets and liabilities

• InAS requires disclosure of significant accounting policies and estimates

• InAS requires
Answered by AI
Add your answer

Q1. Can you handle these works
Add your answer
Q2. How well can you do these work
Add your answer

India's potential to become 5 trillion economy

Q1. Ind AS, Income Tax
Add your answer

Q1. Site Administration, IR related
Add your answer
Q2. Accounts reconsiliation , accounts payable, Acccounts Receivable
Add your answer