Dhampur Sugar Mills Accounts Officer Interview Questions and Answers

Q1. What is your strength
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Q1. Something about yourself What is your strength and weakness What is finance What is gst How many types of gst used in accounting What is balance sheet
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Q2. Pls speak about tds
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TDS stands for Tax Deducted at Source, which is a system where tax is deducted by the payer at the time of making payment.
• TDS is applicable on various types of payments such as salary, interest, rent, commission, etc.

• The deducted TDS amount is then deposited with the government on behalf of the payee.

• TDS rates vary depending on the type of payment and the tax status of the payee.

• TDS certificates like Form 16 and Form 1...read more
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Negotiation skills & Excel problems like pivot table, macros etc

Q1. What are the common Tcodes of SAP?
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Common Tcodes of SAP are used for various functions like financial accounting, material management, sales and distribution, etc.
• FICO (Financial Accounting) - Tcode: FB50

• MM (Material Management) - Tcode: MM01

• SD (Sales and Distribution) - Tcode: VA01

• HR (Human Resources) - Tcode: PA30
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Q2. What are the provision of TDS u/s 194C?
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TDS u/s 194C requires deduction of tax at source on payments made to contractors/sub-contractors for work/services.
• TDS rate is 1% for individual/HUF and 2% for others

• Threshold limit for TDS deduction is Rs. 30,000 per single payment or Rs. 1,00,000 in aggregate during the financial year

• TDS is to be deducted at the time of credit or payment, whichever is earlier

• TDS certificate in Form 16A is to be issued to the deductee

• ...read more
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Q1. Tell me about yourself
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Q2. Questions and general questions
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Q3. Accounts related questions
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Q4. Golden rules of Accounts
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Golden rules of Accounts are basic principles to record financial transactions accurately.
• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit expenses and losses, credit income and gains
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Q5. Excel formulas that used in accounts
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Excel formulas commonly used in accounting include SUM, VLOOKUP, IF, and CONCATENATE.
• SUM: Adds up a range of cells

• VLOOKUP: Searches for a value in the first column of a table and returns a value in the same row from another column

• IF: Performs a logical test and returns one value if the test is true and another if it's false

• CONCATENATE: Joins two or more text strings into one
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Accounting MCQ Question

Q1. Basic Accountig Question
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Q2. What is journal entryy of prepaid expense
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Prepaid expenses are assets that represent payments made for goods or services that have not yet been received.
• Prepaid expenses are recorded as assets on the balance sheet

• The journal entry for prepaid expenses involves debiting the prepaid expense account and crediting the cash or bank account

• As the prepaid expense is used up, it is recognized as an expense on the income statement

• Example: If a company pays $1,200 for i...read more
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