CAPEXIL Executive Accountant Interview Questions and Answers for Experienced

General knowledge about Accounts Entry, Documentation

Q1. Gst Return Procedure,
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GST return procedure involves filing returns with details of sales, purchases, and tax paid.
• GST returns need to be filed online on the GST portal

• Different types of returns like GSTR-1, GSTR-3B, etc. need to be filed based on the taxpayer's category

• Details of sales, purchases, input tax credit, and tax liability need to be accurately reported

• Late filing of returns can attract penalties and interest charges
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Q2. TDs Section and Return
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Q3. Salary processing
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Q4. Preparation of Profit and Loss
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Preparation of Profit and Loss involves analyzing revenue and expenses to determine the financial performance of a business.
• Gather all revenue sources, including sales, services, and investments

• List all expenses, such as salaries, rent, utilities, and supplies

• Calculate the difference between total revenue and total expenses to determine the net profit or loss

• Analyze the profit and loss statement to identify areas for i
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Q5. Preparation of Balance Sheet
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Preparation of Balance Sheet involves listing assets, liabilities, and equity of a company at a specific point in time.
• List all assets owned by the company, including cash, inventory, and property.

• List all liabilities owed by the company, such as loans, accounts payable, and accrued expenses.

• Calculate the difference between assets and liabilities to determine the equity of the company.

• Ensure that the balance sheet bala...read more
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