DMart Assistant Manager Finance Interview Questions and Answers

Q1. Cretria was more than 7 CGPA
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Q2. Skills requried by the company
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Q1. Will you relocate
Ans. 
Yes, I am willing to relocate for the right opportunity.
• I am open to relocating for a finance internship that aligns with my career goals.

• I understand the importance of gaining experience in different locations.

• I am flexible and willing to adapt to new environments.

• I have relocated in the past for educational or professional opportunities.
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Q2. What is working Captial management
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Working capital management involves managing a company's current assets and liabilities to ensure efficient operations and financial health.
• It focuses on optimizing the balance between current assets (cash, inventory, accounts receivable) and current liabilities (accounts payable, short-term debt)

• Effective working capital management helps improve liquidity, reduce costs, and maximize profitability

• Examples include imple...read more
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Q1. 1.What is difference between depreciation, Amortization & depletion. 2.Why we do not depreciate land. 3.How to recognize revenue as per IND AS 115 for service sector/manufacturing sector. 4.IND AS 115 -...read more
Ans. 
Answers to various questions related to finance and accounting topics.
• Depreciation is the allocation of the cost of tangible assets over their useful life, amortization is the allocation of the cost of intangible assets, and depletion is the allocation of the cost of natural resources.

• Land is not depreciated because it is considered to have an indefinite useful life and its value typically appreciates over time.

• Revenue...read more
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Q1. Regarding job profile
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Q1. GST input and output working
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GST input and output working involves calculating the tax paid on purchases (input) and tax collected on sales (output).
• Calculate GST input by adding up the tax paid on purchases.

• Calculate GST output by adding up the tax collected on sales.

• The net GST payable is the difference between output and input GST.

• Example: Input GST = $500, Output GST = $800, Net GST payable = $300.
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Q1. What is diff bw expense and expenditure
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Expense refers to the cost incurred in the normal course of business operations, while expenditure refers to the act of spending money.
• Expense is the cost incurred in the normal course of business operations, such as salaries, rent, utilities, etc.

• Expenditure refers to the act of spending money, which can include both expenses and investments.

• Expenses are recorded on the income statement, while expenditures are recorde...read more
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Q2. How to calculate working cPital
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Working capital is calculated by subtracting current liabilities from current assets.
• Calculate current assets (cash, accounts receivable, inventory, etc.)

• Calculate current liabilities (accounts payable, short-term debt, etc.)

• Subtract current liabilities from current assets to get working capital

• Formula: Working Capital = Current Assets - Current Liabilities

• Example: Current Assets = $100,000, Current Liabilities = $50,0
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Q3. Explain fashion big bazar buisness mod
Ans. 
Fashion Big Bazar is a retail store that offers a wide range of trendy clothing, accessories, and home decor items at affordable prices.
• Fashion Big Bazar follows a business model of offering a diverse selection of fashionable products at competitive prices to attract customers.

• The store focuses on providing a convenient shopping experience by offering a one-stop destination for clothing, accessories, and home decor ite...read more
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Q1. Questions related to the job role and CV-based questions
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Q1. Why Reliance Retail and why as finance Analyst
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Q1. Tell me about yourself
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I am an experienced finance professional with a strong background in financial management and analysis.
• I have a Bachelor's degree in Finance and an MBA in Financial Management.

• I have worked as a Finance Manager for the past 5 years, overseeing budgeting, forecasting, and financial reporting.

• I have successfully implemented cost-saving measures and improved financial processes in my previous roles.

• I am proficient in fina...read more
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Q2. What is Current Job role.
Ans. 
As a Finance Manager, my current job role involves overseeing financial operations, analyzing financial data, and providing strategic financial guidance to the organization.
• Overseeing financial operations and ensuring compliance with financial regulations

• Analyzing financial data and preparing financial reports

• Developing and implementing financial strategies and plans

• Providing financial guidance and recommendations to s...read more
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It had 2 sections, first one being an aptitude test having certain puzzles and basic quantitative ability questions.
And second section had questions around CA curriculum with questions revolving around Companies Act and Standards on Auditing.

Q1. Started with a brief introduction and questions related to articleship experience. Not much detailed, they only tesed our basic understanding. Areas touched - Audit and GST.
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