Coal India Accountant Interview Questions and Answers

Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified.

• For example, when a company receives cash from a...read more
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Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a com...read more
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Q1. Golden rules of account
Ans. 
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• These rules ensure that the accounting equation (Assets = Liabilities + Equity) remains balanced.

• For example, when a company receives cash from a custo...read more
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Q1. Invoice processing
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Q2. GSTR 3B RETURN Process
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Q3. Two way invoice matching
Ans. 
Two way invoice matching is a process where the invoice is matched with the purchase order and the receiving report.
• Two way invoice matching involves comparing the invoice with the purchase order to ensure the prices and quantities match.

• It also involves comparing the invoice with the receiving report to confirm that the goods or services were received.

• Any discrepancies found during the matching process need to be reso...read more
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Q4. TDS section and rate of deduction
Ans. 
TDS stands for Tax Deducted at Source. It is a tax deduction made by the payer while making payments.
• TDS is deducted as per the rates specified by the Income Tax Department.

• Different sections of the Income Tax Act specify different rates for TDS deduction.

• For example, TDS on salary income is deducted under section 192 at the applicable slab rates.

• TDS on interest income is deducted under section 194A at the rate of 10%.
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Q1. Salary discussion
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Q1. What are your salary expectations?
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Q2. What is your family background?
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Q3. Share details of your previous job.
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Q4. What are your strengths and weaknesses?
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Q5. Tell me about yourself.
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Q6. Why should we hire you?
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Q7. Why are you looking for a change?
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Q1. Basics+field oriented
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Q1. Salary negotiation at the last round
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Q1. DM water parameter . Cold startup Coal analysis.
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Direct through campus placement and group discussion.

Q1. All the studies related concepts were aksed
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Q2. About COST ACCOUNTING STANDARDS
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Aptitude test was moderate ,

Group discussion happened online topic was ban on chinese apps

Q1. Whats the use of nonel , why it is use ?
Ans. 
Nonel is a type of non-electric initiation system used in blasting operations to detonate explosives.
• Nonel is used in mining, construction, and demolition industries.

• It is a safe and reliable method of initiating explosives without the need for electricity.

• Nonel consists of a shock tube filled with a small amount of explosive material that is initiated by a blasting cap.

• It allows for precise timing and sequencing of bl...read more
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Q2. What does safety means to you ?
Ans. 
Safety means ensuring the well-being and protection of individuals from harm or danger.
• Safety involves implementing measures to prevent accidents and injuries.

• It includes following protocols and guidelines to minimize risks.

• Safety also encompasses creating a culture of awareness and accountability.

• Examples: wearing personal protective equipment, conducting regular safety inspections, providing proper training.
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Q3. Why you opted mining engineering?
Ans. 
Passion for solving complex problems and interest in natural resources led me to choose mining engineering.
• Fascination with geology and earth sciences

• Desire to work in a challenging and dynamic industry

• Opportunity to contribute to sustainable resource extraction

• Interest in utilizing advanced technology in mining operations
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