Coromandel International Retail Store Accountant Interview Questions and Answers

Q1. Something about yourself What is your strength and weakness What is finance What is gst How many types of gst used in accounting What is balance sheet
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Q2. Pls speak about tds
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TDS stands for Tax Deducted at Source, which is a system where tax is deducted by the payer at the time of making payment.
• TDS is applicable on various types of payments such as salary, interest, rent, commission, etc.

• The deducted TDS amount is then deposited with the government on behalf of the payee.

• TDS rates vary depending on the type of payment and the tax status of the payee.

• TDS certificates like Form 16 and Form 1...read more
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Accounting MCQ Question

Q1. Basic Accountig Question
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Q2. What is journal entryy of prepaid expense
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Prepaid expenses are assets that represent payments made for goods or services that have not yet been received.
• Prepaid expenses are recorded as assets on the balance sheet

• The journal entry for prepaid expenses involves debiting the prepaid expense account and crediting the cash or bank account

• As the prepaid expense is used up, it is recognized as an expense on the income statement

• Example: If a company pays $1,200 for i...read more
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