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I applied via Referral and was interviewed in Mar 2024. There were 3 interview rounds.
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...
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...
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
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...
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...
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I applied via Walk-in and was interviewed before Sep 2022. There were 3 interview rounds.
Act promptly and accurately on vendor details change requests to ensure accurate accounts payable processing.
Verify the authenticity of the request and the vendor details provided
Update the vendor details in the system accurately and promptly
Communicate the changes to relevant departments such as accounts payable and procurement
Ensure proper documentation of the change request and any approvals obtained
Monitor future t...
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
There are three golden rules of accounting: 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 f...
Validating invoices involves checking for accuracy and authenticity.
Verify that the invoice matches the purchase order and delivery receipt
Check for correct pricing, quantities, and calculations
Ensure that the invoice includes all necessary information such as vendor details and payment terms
Confirm that the invoice is approved by the appropriate personnel
Perform a three-way match between the purchase order, invoice, a...
I applied via Referral and was interviewed in May 2022. There were 3 interview rounds.
Business and growth of organization
I applied via Walk-in and was interviewed in Jul 2024. There was 1 interview round.
I am a detail-oriented and organized individual with a strong background in accounting and finance.
Graduated with a degree in Accounting
Experience working as a finance intern at XYZ Company
Proficient in using accounting software such as QuickBooks
Strong analytical skills and attention to detail
BRS stands for Bank Reconciliation Statement, which is a process of comparing the bank's records with the company's records to ensure they match.
BRS helps in identifying discrepancies between the bank balance and the company's books.
It involves reconciling items such as deposits in transit, outstanding checks, bank errors, and interest earned.
The goal of BRS is to ensure the accuracy of the financial records and preven...
I would create a guerrilla marketing campaign using interactive installations in public spaces.
Design interactive installations in public spaces that engage people and promote the brand
Use social media to encourage people to share their experiences with the installations
Partner with local businesses to offer discounts or promotions to those who participate
Create a hashtag for the campaign to track engagement and reach
O...
I would ensure profitability by analyzing market trends, optimizing pricing strategies, and implementing cost-cutting measures.
Conduct market research to identify trends and customer needs
Develop pricing strategies that balance profitability with customer demand
Implement cost-cutting measures such as reducing waste and optimizing inventory
Monitor financial performance regularly and adjust strategies as needed
Collaborat...
The technical aspects of the Assistant Manager job involve utilizing software and hardware to manage operations and analyze data.
Proficiency in using software such as Microsoft Office, project management tools, and customer relationship management (CRM) systems
Ability to troubleshoot technical issues and coordinate with IT support
Knowledge of data analysis and reporting to make informed decisions
Familiarity with hardwa...
Intensive study about a person, a group of people or a unit, which is aimed to generalize over several units'.1 A case study has also been described as an intensive, systematic investigation of a single individual, group, community or some other unit in which the researcher examines etc..
A discussion group is a group of individuals, typically who share a similar interest, who gather either formally or informally to discuss ideas, solve problems, or make comments.
A task or piece of work allocated to someone as part of a job or course of study.
"a homework assignment
A coding interview, programming interview or Microsoft interview is a technical problem-based job interview technique to assess potential employees. ... Coding interviews test candidates' technical knowledge, coding ability, problem solving skills, and creativity, typically on a whiteboard.
I applied via Naukri.com and was interviewed in Nov 2021. There were 3 interview rounds.
Some of the top questions asked at the Deepak Impex Assistant Manager F interview -
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Interview experience
TCS
Accenture
Wipro
Cognizant