BS Ispat Account Assistant Interview Questions and Answers

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Q1. Internship related
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Q2. Golden rules Account
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Q3. What is Reconciliation
Ans. 
Reconciliation is the process of comparing two sets of records to ensure they are in agreement and accurate.
• Reconciliation involves verifying and adjusting differences between two sets of financial records, such as bank statements and accounting records.

• It helps to identify errors, discrepancies, or fraudulent activities.

• Examples include reconciling bank statements with cash book records, credit card statements with ex...read more
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Q4. What is filling in GSTR 1
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Filling in GSTR 1 involves reporting outward supplies of goods and services made by a taxpayer.
• GSTR 1 is a monthly or quarterly return that needs to be filed by registered taxpayers.

• It includes details of sales, invoices issued, and tax collected on sales.

• Taxpayers need to report B2B and B2C supplies separately in GSTR 1.

• Errors in GSTR 1 can lead to penalties and compliance issues.

• Example: A company selling goods worth...read more
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Q5. Sales and purchase entry
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Q1. What was my experience
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Q2. What is your expected salary
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My expected salary is negotiable and depends on the responsibilities and benefits offered by the company.
• My expected salary is based on my qualifications, experience, and the industry standard for the position.

• I am open to discussing salary range during the interview process.

• I am looking for a competitive salary that reflects my skills and contributions to the company.

• I am also considering other benefits such as health...read more
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Q1. Introduce about your self
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I am a detail-oriented and organized individual with a strong background in accounting and finance.
• Graduated with a degree in Accounting

• Experience working as a finance intern at XYZ Company

• Proficient in using accounting software such as QuickBooks

• Strong analytical skills and attention to detail
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Q2. What is about BRS
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BRS stands for Bank Reconciliation Statement, which is a process of comparing the bank's records with the company's records to ensure they match.
• BRS helps in identifying discrepancies between the bank balance and the company's books.

• It involves reconciling items such as deposits in transit, outstanding checks, bank errors, and interest earned.

• The goal of BRS is to ensure the accuracy of the financial records and preven...read more
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Financial system services

Q1. What are the journal entries
Ans. 
Journal entries are accounting entries made to record financial transactions in a company's general ledger.
• Journal entries consist of a debit entry and a credit entry for each transaction.

• Debits are recorded on the left side of the account, while credits are recorded on the right side.

• The total debits must equal the total credits for each journal entry.

• Example: Debit Cash $500, Credit Sales $500.
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Q2. What is the petty cashier
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Petty cashier is a designated employee responsible for handling small cash transactions in an organization.
• Responsible for managing small cash transactions

• Maintains a petty cash fund for minor expenses

• Reconciles petty cash account regularly

• Issues receipts for petty cash disbursements
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Q3. What about the financial services
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Q4. What are the investment management
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Investment management involves managing financial assets and investments on behalf of clients to achieve their financial goals.
• Investment management involves creating and implementing investment strategies for clients.

• It includes analyzing financial markets, researching investment opportunities, and monitoring portfolio performance.

• Investment managers may recommend buying or selling assets based on market conditions an...read more
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Q5. What is bank reconciliation statement
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Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
• It is used to identify any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure the accuracy of the company's financial records and the bank's records.

• Once discrepancies are identifi...read more
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Q6. How do the profit and loss account
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The profit and loss account shows the financial performance of a company over a specific period of time.
• It summarizes the revenues, costs, and expenses incurred by the company.

• The difference between the total revenue and total expenses is the net profit or loss.

• It helps in evaluating the financial health and performance of the company.

• Example: If a company's revenue is $100,000 and expenses are $80,000, the net profit ...read more
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Q1. What was round one ?
Ans. I will combine my best .
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Q2. Well done I'm good for my
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Q3. It's good company I appreciate in this
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Q1. Tell me about your self ?
Ans. Hello sir my name is Lokenath Ghosh. My family members me and my mom.my Father was expired on 2017/ 4 /August. Respected ley I was searching a job.i was Complete my hs 2016 and my graduation was raining.
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Q2. Whey you jon ouer company?
Ans. Sir I was job this company becose.this company is a very famous company in top companies and it is my dream I was to jon a battery financial company like this.
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Q3. How much salary you expectations in this company?
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Q4. Sir this was depends on my work experience.
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Q5. Whey should I Hair in this company ?
Ans. Sir I think I am a good herd work and responsibil person And I think the company was need to a good responsibil person who manege the company works, I think I am the battery responsible person.
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Q1. Tell me about your self
Ans. 
Good morning sir or madam First of all thank you for giving this opportunity to introduce myself my name is gudaru rajasekhar IAM from nandigram while coming to my education details I AM completed my MBA finance in DVR DR HS Mic Collage of Technology in kanchikacherla
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Q2. Education details
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Q3. Experience details
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Q4. Technical skills
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Q5. Hobbies and achievements
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Playing cricket and listening music My Achievements are iam a positive attitude and hardworker
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Q6. Family details that's all
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My father name is gudaru veerabhadarao he is a farmer My mother is gudaru padmavati she is house wife I have a younger brother her name is Shankar srinivasarao he is completed degree that's all thank you
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Q1. Month end closing stock reports
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Q2. Closing balance
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Q3. Daily consumption reports
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Q4. Invoice receiving
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