Classic Fashion Jordan Senior Accountant Interview Questions and Answers

Q1. Normal question
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Q2. Regarding tds question asked
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Q3. What is tds???????
Ans. 
TDS stands for Tax Deducted at Source. It is a tax deducted by the payer at the time of making payment to the payee.
• TDS is deducted by the payer and deposited with the government on behalf of the payee.

• It is applicable on various types of payments such as salary, interest, commission, rent, etc.

• The rate of TDS varies depending on the nature of payment and the provisions of the Income Tax Act.

• TDS certificates are issued...read more
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Q4. Processof tds ??
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Q1. Have grip on your subject matter
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Q1. What is sale purchase billing
Ans. 
Sale purchase billing is the process of creating invoices for goods or services sold and purchased.
• It involves recording the details of the transaction such as the quantity, price, and date.

• The invoice is then sent to the customer or supplier for payment.

• It is an important part of accounting as it helps to keep track of sales and purchases.

• Examples of sale purchase billing software include QuickBooks and Xero.
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Q2. What is sale return and purchase return
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Sale return is when a customer returns a product to the seller, while purchase return is when a business returns a product to the supplier.
• Sale return is also known as sales return or return inwards.

• Purchase return is also known as purchase return or return outwards.

• Sale return reduces the revenue of the seller, while purchase return reduces the cost of goods sold for the buyer.

• Sale return may occur due to various reas...read more
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Q3. What is cash Discount purchase and cash Discount sale
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Cash discount purchase is a discount offered by a seller to a buyer for paying the invoice amount within a specified time period. Cash discount sale is a discount offered by a buyer to a seller for paying the invoice amount within a specified time period.
• Cash discount purchase is a reduction in the invoice amount offered by the seller to the buyer if the buyer pays the invoice amount within a specified time period.

• Cash...read more
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Q4. What is Half payment by cheque for purchase and sale
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Half payment by cheque for purchase and sale is a payment method where half of the amount is paid through cheque.
• Half payment by cheque is a common practice in business transactions.

• It involves paying half of the purchase or sale amount through a cheque.

• The remaining half is usually paid in cash or through another mode of payment.

• This method is used to ensure security and reduce the risk of fraud.

• For example, if a prod...read more
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Q5. What is Gst return sale and purchase both
Ans. 
Gst return sale and purchase both refers to the filing of returns for the goods and services tax paid on sales and purchases.
• Gst return sale and purchase both are filed by registered taxpayers

• The sale return is filed in GSTR-1 form and the purchase return is filed in GSTR-2 form

• The returns are reconciled in GSTR-3 form

• The returns contain details of the tax paid on sales and purchases, input tax credit claimed, and othe...read more
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Q1. What is balance sheet matching
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Balance sheet matching is the process of ensuring that the assets, liabilities, and equity on a balance sheet are properly aligned.
• Balance sheet matching involves comparing the amounts and classifications of assets, liabilities, and equity to ensure they are accurately recorded.

• It helps identify any discrepancies or errors in the financial statements.

• For example, if a company reports a certain amount of cash on its bal...read more
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Q2. What is cash sales and cash purchase
Ans. 
Cash sales refer to transactions where payment is made in cash at the time of sale. Cash purchase refers to transactions where payment is made in cash at the time of purchase.
• Cash sales are common in retail businesses where customers pay for goods or services in cash.

• Cash purchase is when a business buys goods or services and pays for them in cash.

• Cash sales and purchases are recorded in the cash book or cash register.

• ...read more
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Q1. Question about domain was asked..nothing technical was asked.
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A question paper of 50 questions given for solving.

Q1. After checking of question paper.. 2nd round taken by respective reporting manager and his seniors
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Q1. Final round with Sr. GM and after his dicussion with reporting manager nd manager's senior., them meet finilist candidate with CFO
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Q2. All subject related to job profile.
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Accounts related question like accounting concept, Provision entries, TDS entry, Depreciation concept, etc.

Q1. After clearing round 1, related team lead with department senior ask few questions which are related to Aptitude test.
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Q2. General questions related to job profile
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Q1. Checking ability to performance on system, like MS-word, Excel & SAP
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Q1. In this round, shortlisted candidates meet with Sr. GM. After meeting & discussion, finalist candidate meet with CFO.
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Q2. They analysis, ability & adaptability of candidate. And choose one suitable candidate from the finalist.
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