Compuage Infocom Branch Accountant Interview Questions and Answers

Q1. What is formula of inventory turnover ratio
Ans. 
Inventory turnover ratio formula is Cost of Goods Sold divided by Average Inventory.
• Inventory turnover ratio measures how quickly a company sells its inventory.

• It indicates the efficiency of a company's inventory management.

• A higher ratio is better as it means the company is selling its inventory quickly.

• Formula: Inventory turnover ratio = Cost of Goods Sold / Average Inventory

• Example: If a company has a COGS of $500,0...read more
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Q2. Question from past company like explain aufit process
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Q1. Asked me about SAP some discussed about my current work profile.
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Q1. About your self Past job Salary expectation
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Q1. Self introduction previous job experience
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Written test based on data structures and operating systems

Q1. Previous projects, spontaneity, self confidence
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Q1. Accounts basics
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Q2. Accounting rules
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Q3. Golden rules of accounts
Ans. 
Golden rules of accounts are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounts: 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 maintain the balance in the accounting equation: Assets = Liabilities + Equity.

• For example, when a company receives cash from ...read more
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Q4. Financial statements
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Q1. Why we hire you
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Q1. Please describe your roles and responsibility of your current organization. What are the key points to achieve production with quality?
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