DXC Technology Senior Assistant Accountant Interview Questions and Answers

About work of that company

About work of that company

Q1. Self introduction
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Q2. My strength and weakness
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Q1. About family background
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Q2. Long term short term goal
Ans. 
My long-term goal is to become a Certified Public Accountant and eventually work my way up to a senior financial management position within a reputable company.
• Obtain CPA certification within the next 3-5 years

• Gain experience in financial analysis and reporting

• Attend leadership development programs to enhance management skills

• Work towards a promotion to a senior financial management role
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Q1. Introduction about my self
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Q2. Intrest about my self
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Q1. What is bad bebt
Ans. 
Bad debt refers to money owed to a company that is unlikely to be paid by the debtor.
• Bad debt is a financial loss for the company.

• It is usually the result of customers who are unable or unwilling to pay their debts.

• Companies often have to write off bad debts as uncollectible.

• Bad debt can negatively impact a company's financial statements and cash flow.

• Examples include unpaid invoices, defaulted loans, and overdue payme
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Q2. What is accounts
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Accounts refer to financial records that track the financial activities of a business or individual.
• Accounts are used to record transactions such as income, expenses, assets, and liabilities.

• They help in analyzing the financial health of an entity and making informed decisions.

• Examples of accounts include cash account, accounts receivable, accounts payable, and equity accounts.
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Q1. Till about your self
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Q2. What is your experience
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Q1. Self introduction
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Q2. Why do you left your previous company
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Q1. How many types of financial statements
Ans. 
There are three main types of financial statements: balance sheet, income statement, and cash flow statement.
• Balance sheet shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

• Income statement shows a company's revenues, expenses, and profits over a period of time.

• Cash flow statement shows how changes in balance sheet and income statement affect cash and cash equivalents.
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Q2. Difference between trial balance and balance sheet
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Trial balance is a list of all ledger accounts with their closing balances, while balance sheet is a financial statement showing assets, liabilities, and equity at a specific point in time.
• Trial balance is an internal document used to ensure the debits and credits are equal before preparing financial statements.

• Balance sheet is a financial statement that shows the company's financial position at a specific point in tim...read more
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Q1. Journal entry for prepaid expenses
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Journal entry for prepaid expenses involves debiting an asset account and crediting a prepaid expense account.
• Prepaid expenses are expenses paid in advance but not yet incurred.

• To record prepaid expenses, debit the Prepaid Expense account and credit the Cash/Bank account.

• As the prepaid expense is incurred, it is transferred from the Prepaid Expense account to the Expense account.

• Example: Payment of insurance premium in...read more
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Q2. Journal entry for purchase return
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Journal entry for purchase return involves debiting accounts payable and crediting inventory account.
• Debit accounts payable to reduce liability

• Credit inventory account to reduce inventory on hand

• Example: Debit Accounts Payable $500, Credit Inventory $500
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Q1. How can financial performance be evaluated?
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Q2. What is the nature of this financial problem?
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Q1. Regarding Experience
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Q1. They gave one case study and i answered thru mail
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Q1. Regarding Salary and Job stability
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