Carisma Solutions Interview Questions, Process, and Tips

Brush up knowledge in account and finance

Q1. What is depression
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Q2. What is prepaid expenses
Ans. 
Prepaid expenses are expenses that have been paid in advance but have not yet been incurred.
• Prepaid expenses are considered assets on the balance sheet until they are used up or expire.

• Examples of prepaid expenses include prepaid rent, insurance premiums, and subscription services.

• Prepaid expenses are typically recorded as a current asset on the balance sheet and gradually expensed over time as they are used.
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Accounts basics questions

Q1. Accounts basics questions
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Q2. What is Golden rule and what are those
Ans. 
The Golden rule is a principle of ethical conduct that states one should treat others as one would like others to treat oneself.
• The Golden rule is also known as the ethic of reciprocity.

• It is found in many religions and cultures around the world.

• The rule encourages empathy, compassion, and fairness in interpersonal relationships.

• Examples of the Golden rule include 'Do unto others as you would have them do unto you' and
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Q3. What is Prepaid expense and it's journal entry
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Prepaid expense is an advance payment made for goods or services that will be received in the future.
• Prepaid expenses are considered assets on the balance sheet.

• The journal entry for recording a prepaid expense involves debiting the Prepaid Expense account and crediting the Cash or Accounts Payable account.

• As the prepaid expense is consumed or utilized, it is gradually recognized as an expense through adjusting entries...read more
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Q4. What is Accrual entry and Journal
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Accrual entry is a type of accounting entry that records revenue or expenses before they are actually received or paid.
• Accrual entry is used to match revenue and expenses to the period in which they are earned or incurred, regardless of when the cash is received or paid.

• It involves recording an accrual (an amount that is owed or earned) and a corresponding offsetting entry.

• Accrual entries are typically made at the end ...read more
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Q1. Salary expectation, 5 year plan, 2 year contract should sign.
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Aptitude is the 1st round of interview process. It contains 30 questions.

Second round will also be the 30 objective type question combined of grammar, aptitude and advanced level of accountancy questions.

Q1. Tell me about yourself except mentioned in your resume?
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Q2. I have attended this technical round for the post of junior accountant. So I had the practical questions from Accounts.
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Reasoning, percentage

Q1. Ratio, reasoning
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Q1. Self intro, accounting related questions
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Q1. Tell me about yourself
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Aptitude test on the first round

Q1. Bacis Accounting , Journal Entries , Brs Statement , Hire Purchase , Deprecation , Error Entire
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Q2. All is one word Question is and Choose the best Answer on the first two round
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