Carisma Solutions Accountant Interview Questions, Process, and Tips

Q1. 30 MCQ. The questions were based on the accounting concepts and Assets and Liabilities, etc. There was a few aptitude questions.
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Q1. 90 minute descriptive test for 30 marks 25 questions. There were few verbal aptitude questions. Other questions asked for journal entries for particular transactions. There were two 5 mark questions. 1. P...read more
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Q1. Technical interview Two employees conducted the interview Starting with self introduction and questions from my resume about my internship and the courses that I did. And they asked questions on financia...read more
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Only basic accounting were asked

Advanced accounting were asked

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.
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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.
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Basic accounting - journals and debit credit

Q1. Basic journal entries and hire purchase and leasing,
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Q1. About you and your salary, timeline of your careers
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Q1. Interview process is Good
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Q2. There are four rounds.
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