Deepak Impex Assistant Manager F Interview Questions and Answers

Dynamic professional with diverse experience in management, team leadership, and project execution, committed to driving organizational success.

• Over 5 years of experience in management roles, leading teams to achieve operational goals.

• Successfully managed a project that increased efficiency by 20% through process optimization.

• Strong communication skills, demonstrated by leading cross-functional teams and presenting to ...read more

The current accounting policy in my company is the FIFO (First In, First Out) method.

• FIFO method is used to value inventory by assuming that the first items purchased are the first items sold.

• This method is commonly used in industries where products have a limited shelf life, such as food and beverage.

• FIFO helps in ensuring that older inventory is sold first, reducing the risk of obsolescence.

• It also provides a more ac...read more

26 AS is a consolidated tax statement that provides details of tax deducted at source, advance tax paid, and self-assessment tax paid.

• 26 AS is issued by the Income Tax Department to taxpayers.

• It helps in verifying if the taxes deducted by the deductor have been deposited with the government.

• Reconciliation of 26 AS is important to ensure accurate filing of income tax returns.

• It also helps in identifying any discrepancie...read more

Advance tax working involves estimating and paying taxes in advance to avoid penalties.

• Advance tax is paid in installments throughout the year based on estimated income.

• It helps taxpayers avoid penalties for underpayment at the end of the year.

• To ensure correctness, accurate income projections and tax calculations are essential.

• Regular monitoring of income and tax liabilities is necessary to make adjustments if needed.

Challenges in finalizing the balance sheet include reconciling accounts, identifying errors, and ensuring accuracy.

• Reconciling accounts to ensure all transactions are accurately recorded

• Identifying and correcting errors in the financial statements

• Ensuring accuracy in the balance sheet by verifying all figures and calculations

• Dealing with complex transactions or unusual accounting entries

• Coordinating with different depa...read more

There are three types of GST in India - CGST, SGST, and IGST. There are multiple types of GST returns depending on the nature of the taxpayer.

• Types of GST in India: CGST (Central Goods and Services Tax), SGST (State Goods and Services Tax), IGST (Integrated Goods and Services Tax)

• Types of GST returns: GSTR-1 (Outward supplies), GSTR-3B (Summary return), GSTR-9 (Annual return)

• Different types of GST returns for different...read more

OCI stands for Other Comprehensive Income. CAS-4 stands for Cost Accounting Standard 4.

• OCI refers to items that are not included in net income but are instead shown in the equity section of the balance sheet.

• CAS-4 is a standard that deals with the cost of production for captive consumption.

• OCI can include items such as unrealized gains or losses on investments, foreign currency translation adjustments, and pension adju...read more

As an Assistant Manager F, I oversee team operations, ensure project delivery, and facilitate communication between departments.

• Team Leadership: I lead a team of 10, providing guidance and support to ensure project goals are met on time.

• Project Management: I manage multiple projects simultaneously, utilizing tools like Trello and Asana to track progress and deadlines.

• Cross-Department Collaboration: I coordinate with ma...read more