Data Entry Accountant Interview Questions and Answers

Books entry in Tally refers to recording financial transactions in Tally software.

• Create a company in Tally

• Create ledgers for all accounts

• Record transactions using vouchers

• View and print reports

• Ensure accuracy and completeness of entries

There are several types of derivatives in the capital market.

• Futures contracts

• Options contracts

• Swaps

• Forwards contracts

• Index-based derivatives

• Commodity derivatives

• Currency derivatives

• Interest rate derivatives

Fund accounting is a method of accounting used by non-profit organizations to track and manage their financial resources.

• It involves tracking and reporting on funds separately, rather than as a whole

• It is used by non-profit organizations, government agencies, and other entities that receive and distribute funds

• It ensures that funds are used for their intended purpose and that financial reports are accurate and transpar...read more

There are two types of Reconciliation - Bank Reconciliation and Account Reconciliation.

• Bank Reconciliation is the process of matching the bank statement with the company's records.

• Account Reconciliation is the process of matching the general ledger account with the subsidiary ledger account.

• Bank Reconciliation helps to identify any discrepancies in the bank statement and the company's records.

• Account Reconciliation hel...read more