Delhi Public School Account Assistant Interview Questions and Answers

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Q1. One on one round is very powerful and it will give knowledge
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Q2. What is an accounting
Ans. 
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
• Accounting involves keeping track of financial transactions such as sales, purchases, and payments.

• It includes classifying these transactions into categories such as assets, liabilities, and equity.

• The information is then summarized in financial statements such a...read more
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Q3. What is charated accountant
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A chartered accountant is a professional who has completed the necessary education and training to become a certified accountant.
• Chartered accountants provide financial advice, audit financial statements, and prepare tax returns for individuals and businesses.

• They are experts in accounting, auditing, taxation, and financial management.

• To become a chartered accountant, one must complete a rigorous education and training...read more
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Q4. What is final account
Ans. 
Final account is the statement of all financial transactions of a business for a particular period.
• Final account is prepared at the end of an accounting period

• It includes the balance sheet, profit and loss account, and cash flow statement

• It shows the financial position and performance of the business

• It helps in making important financial decisions

• Example: A final account for the year 2020 will include all financial tra...read more
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Q5. What is the process of accounting
Ans. 
The process of accounting involves recording, classifying, summarizing, and interpreting financial transactions.
• Recording financial transactions in a journal or ledger

• Classifying transactions into different accounts

• Summarizing the transactions into financial statements

• Interpreting the financial statements to make business decisions
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Q6. This type of questions are to be asked
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Q7. What is profit and loss account
Ans. 
A profit and loss account is a financial statement that shows the revenues, expenses, and net profit or loss of a company over a specific period.
• It summarizes the company's financial performance during a given period.

• It includes revenues from sales, cost of goods sold, operating expenses, and other income or expenses.

• The difference between total revenues and total expenses represents the net profit or loss.

• It helps in ...read more
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Q8. What is an interview
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Q1. Haw mhow much will i get salary
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Q2. I have to do job And I would like to do this job sitting at home
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Q3. You tell me all how do I do this work
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Q1. General Questions
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Q1. Subject and previous working experience
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Q2. Which area your working
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Q1. Subject and your capabilities
Ans. 
I have a strong background in accounting and finance, with experience managing accounts and leading teams to success.
• Extensive experience in financial reporting and analysis

• Proven track record of successfully managing accounts receivable and accounts payable

• Strong leadership skills, able to motivate and guide team members

• Excellent communication skills, able to effectively communicate financial information to stakeholde...read more
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Q1. Basic details about the candidate
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Q2. Experience of the candidate and all
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Apptitude question and situational question

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Q1. What's is debit and credit
Ans. 
Debit and credit are the two sides of every financial transaction. Debit is an entry on the left side, and credit is an entry on the right side.
• Debit represents an increase in assets or a decrease in liabilities or equity.

• Credit represents a decrease in assets or an increase in liabilities or equity.

• Debit and credit must always balance in every transaction.

• For example, when a company purchases inventory with cash, the ...read more
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Q2. What's are Depreciation
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Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

• It is calculated based on the useful life of the asset and the method of depreciation chosen.

• Examples of assets that are subject to depreciation include buildings, vehicles, and equipment.

• Depreciation can be straight-l...read more
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Q1. What is the Job Role In Your Company
Ans. Accountant In Tally with computer operator
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Q2. Why is the resign Your Previous Job
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