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Carisma Solutions Interview Questions and Answers
9 Interview questions
Outstanding expenses are expenses that have been incurred but not yet paid.
Outstanding expenses are recorded as a liability on the balance sheet.
Journal entry for outstanding expenses: Debit Expense account, Credit Outstanding Expenses account.
Example: Rent expense incurred but not yet paid will be recorded as outstanding expenses.
Bad debts are debts that are unlikely to be recovered by a company from its debtors.
Bad debts are typically the result of customers who are unable or unwilling to pay their debts.
They are recorded as an expense on the company's income statement.
Companies may write off bad debts to remove them from their accounts receivable balance.
Examples include customers declaring bankruptcy or simply refusing to pay their debt...
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.
OOPS (Object-Oriented Programming) is a programming paradigm based on the concept of objects, which can contain data and code.
OOPS focuses on creating objects that interact with each other to solve problems
Key principles include encapsulation, inheritance, polymorphism, and abstraction
Encapsulation involves bundling data and methods that operate on the data into a single unit
Inheritance allows a class to inherit p...
The golden rules of accounting are basic principles that guide the recording of financial transactions.
The first golden rule is the Debit/Credit rule, which states that for every debit entry, there must be a corresponding credit entry.
The second golden rule is the Real/Personal/Nominal rule, which categorizes accounts into these three types based on their nature.
The third golden rule is the Expense/Income rule, wh...
Journal entries for depreciation involve recording the decrease in value of an asset over time.
Depreciation is recorded as an expense on the income statement and as an accumulated depreciation on the balance sheet.
The journal entry for depreciation typically involves debiting the depreciation expense account and crediting the accumulated depreciation account.
For example, if a company's equipment has a depreciation...
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...
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...
Accounting concepts and principles are the foundation of accounting practices.
Accounting concepts are the basic assumptions and guidelines that govern the preparation of financial statements.
Accounting principles are the rules and guidelines that companies must follow when reporting financial data.
Examples of accounting concepts include the going concern concept, the accruals concept, and the consistency concept.
E...
Carisma Solutions Interview Experiences
24 interviews found
Vahitaa Banu H S
I appeared for an interview in Mar 2025, where I was asked the following questions.
- Q1. What is Journal Entry?
- Q2. What is Capital Annual Budgeting?
Interview Preparation Tips
Anonymous
I applied via Walk-in and was interviewed in May 2024. There were 3 interview rounds.
Only basic accounting were asked
Advanced accounting were asked
(2 Questions)
- Q1. What is bad debts
- Ans.
Bad debts are debts that are unlikely to be recovered by a company from its debtors.
Bad debts are typically the result of customers who are unable or unwilling to pay their debts.
They are recorded as an expense on the company's income statement.
Companies may write off bad debts to remove them from their accounts receivable balance.
Examples include customers declaring bankruptcy or simply refusing to pay their debts.
- Q2. What is outstanding expenses and give itha journal entry
- Ans.
Outstanding expenses are expenses that have been incurred but not yet paid.
Outstanding expenses are recorded as a liability on the balance sheet.
Journal entry for outstanding expenses: Debit Expense account, Credit Outstanding Expenses account.
Example: Rent expense incurred but not yet paid will be recorded as outstanding expenses.
I applied via Referral and was interviewed in Mar 2024. There were 2 interview rounds.
(3 Questions)
- Q1. Questions based on resume and Projects
- Q2. Random questions on front end like how to remove the bulletin marks using CSS
- Q3. Expain OOPS Concept
- Ans.
OOPS (Object-Oriented Programming) is a programming paradigm based on the concept of objects, which can contain data and code.
OOPS focuses on creating objects that interact with each other to solve problems
Key principles include encapsulation, inheritance, polymorphism, and abstraction
Encapsulation involves bundling data and methods that operate on the data into a single unit
Inheritance allows a class to inherit proper...
Complete task on Registration, login and CRUD operations
Interview Preparation Tips
Selected
I applied via Naukri.com and was interviewed in Apr 2024. There were 3 interview rounds.
Basic accounting - journals and debit credit
(1 Question)
- Q1. Basic journal entries and hire purchase and leasing,
(1 Question)
- Q1. About you and your salary, timeline of your careers
Interview Preparation Tips
Selected
I applied via Naukri.com and was interviewed in Apr 2024. There was 1 interview round.
(2 Questions)
- Q1. Interview process is Good
- Q2. There are four rounds.
Interview Preparation Tips
- Accounting
I applied via Walk-in and was interviewed in May 2024. There were 2 interview rounds.
Brush up knowledge in account and finance
(2 Questions)
- Q1. What is depression
- 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.
Interview Preparation Tips
Accounts basics questions
(4 Questions)
- Q1. Accounts basics questions
- 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...
- Q3. What is Prepaid expense and it's journal entry
- Ans.
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...
- Q4. What is Accrual entry and Journal
- Ans.
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 ...
(1 Question)
- Q1. Salary expectation, 5 year plan, 2 year contract should sign.
Interview Preparation Tips
Karthika B
I applied via Walk-in and was interviewed in Jun 2023. There were 4 interview rounds.
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.
(2 Questions)
- Q1. Tell me about yourself except mentioned in your resume?
- Q2. I have attended this technical round for the post of junior accountant. So I had the practical questions from Accounts.
Interview Preparation Tips
- Aptitude
- Quantitative aptitude
- Grammar
- General maths
Selected
I appeared for an interview in Jan 2024.
Reasoning, percentage
(1 Question)
- Q1. Ratio, reasoning
(1 Question)
- Q1. Self intro, accounting related questions
I applied via Walk-in and was interviewed in Feb 2024. There was 1 interview round.
(1 Question)
- Q1. Tell me about yourself
- Ans.
I am a detail-oriented Junior Accountant with a passion for numbers and a strong foundation in accounting principles.
Graduated with a Bachelor's degree in Accounting from XYZ University.
Completed an internship at ABC Company, where I assisted in preparing financial statements.
Proficient in accounting software like QuickBooks and Excel, which I used to streamline reporting processes.
Strong analytical skills demonstrated...
Interview Preparation Tips
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Tirunelveli,
Chennai
+10-4 Yrs
₹ 2-5 LPA
|
Accountant
155
salaries
|  ₹2.2 L/yr - ₹6 L/yr |
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Senior Accountant
63
salaries
| ₹2.9 L/yr - ₹6 L/yr |
|
Junior Accountant
55
salaries
| ₹1.8 L/yr - ₹3 L/yr |
|
Assistant Manager
42
salaries
| ₹4.3 L/yr - ₹9 L/yr |
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Paraplanner
19
salaries
| ₹3 L/yr - ₹5 L/yr |
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