ORUphones Interview Questions and Answers

LLP account opening requires documents for identity, address, and business proof.

• Identity proof documents like PAN card, Aadhaar card, passport, etc.

• Address proof documents like utility bills, bank statements, etc.

• Business proof documents like LLP agreement, registration certificate, etc.

• Photographs of partners and authorized signatories.

• KYC documents of partners and authorized signatories.

• In case of foreign nationals, additional documents like passport and visa may be requir...read more

Branch audit involves auditing the operations and financial transactions of a specific branch of an organization.

• It includes verifying the accuracy of financial statements and compliance with laws and regulations.

• It also involves assessing the effectiveness of internal controls and identifying areas for improvement.

• Examples include auditing a bank branch's loan portfolio or a retail store's inventory management.

• Branch audit is typically conducted by external auditors or inter...read more

NRO account is for income earned in India, NRE account is for income earned outside India

• NRO account is a savings or current account for NRIs to manage their income earned in India

• NRE account is a savings or current account for NRIs to manage their income earned outside India

• NRO account is subject to Indian taxes, while NRE account is tax-free

• NRO account can be opened with Indian or foreign currency, while NRE account can only be opened with foreign currency