Eicher Motors Accountant Interview Questions and Answers

Q1. What is Balance sheet?
Ans. 
Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
• It provides a snapshot of a company's financial position.

• Assets are listed on one side, liabilities and shareholders' equity on the other.

• The balance sheet equation is Assets = Liabilities + Shareholders' Equity.

• Example: If a company has $100 in assets, $60 in liabilities, and $40 in s...read more
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Q2. Difference between the Debit and Credit ?
Ans. 
Debit increases assets and expenses, while credit increases liabilities, equity, and revenue.
• Debit is on the left side of an accounting entry, while credit is on the right side.

• Debit increases assets and expenses, while credit increases liabilities, equity, and revenue.

• Debit balance is positive, while credit balance is negative.

• Debit is abbreviated as 'Dr' and credit as 'Cr'.
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Q3. Tell me about yourself?
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Experienced accountant with a strong background in financial analysis and reporting.
• Over 5 years of experience in accounting roles

• Proficient in financial statement preparation and analysis

• Skilled in budgeting and forecasting

• Strong attention to detail and accuracy

• Excellent communication and interpersonal skills
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Q4. Tell me about your internship experience?
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I completed a 6-month internship at a CPA firm where I gained hands-on experience in financial analysis and reporting.
• Assisted in preparing financial statements and reports

• Conducted audits and reconciliations

• Utilized accounting software such as QuickBooks

• Collaborated with team members on various projects
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Q5. Tell me about MS Excel, vlookup, how to use?
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MS Excel is a spreadsheet program used for data analysis and organization. VLOOKUP is a function used to search for a value in a table.
• MS Excel is a powerful tool for organizing and analyzing data

• VLOOKUP is a function in Excel used to search for a value in a table and return a corresponding value

• To use VLOOKUP, you need to specify the value to search for, the range to search in, the column index to return the value fro...read more
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Q1. Just normal accounting questions
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Q2. PF and vat,and forms
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Q1. What are the 3 golden rules
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The 3 golden rules of accounting are the rules that govern how financial transactions should be recorded and reported.
• 1. Debit the receiver, credit the giver: When an asset is received, it is debited. When an asset is given, it is credited.

• 2. Debit what comes in, credit what goes out: Debit increases assets and expenses, credit decreases them.

• 3. Debit all expenses and losses, credit all incomes and gains: Expenses and ...read more
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Q2. Voucher in tally
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A voucher in Tally is a document used to record financial transactions in the accounting software.
• Vouchers in Tally include sales vouchers, purchase vouchers, payment vouchers, receipt vouchers, journal vouchers, etc.

• Each voucher type has specific fields to enter transaction details like date, party name, amount, ledger accounts, etc.

• Vouchers help in maintaining accurate and organized financial records for businesses.

• V...read more
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Q3. What is balance sheet explain liability asset & equity
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Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
• Assets are resources owned by the company, such as cash, inventory, and equipment.

• Liabilities are obligations or debts that the company owes to others, such as loans and accounts payable.

• Equity represents the owner's stake in the company, calculated as assets minus liabilities.

• The balance sheet equa...read more
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Q4. What is GST & tds
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GST stands for Goods and Services Tax, a consumption tax levied on the supply of goods and services. TDS stands for Tax Deducted at Source, a tax collection method.
• GST is a value-added tax levied on most goods and services sold for domestic consumption.

• TDS is a tax deducted by the payer at the time of making payment to the payee.

• GST is collected by businesses and remitted to the government, while TDS is deducted by the...read more
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Q5. What is reconciliation
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Reconciliation is the process of comparing two sets of records to ensure they are in agreement.
• Reconciliation involves verifying and adjusting financial records to match bank statements or other sources.

• It helps identify discrepancies, errors, or fraud in financial transactions.

• Examples include reconciling bank statements with cash records, credit card statements with expense reports, or inventory records with physical
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How do I check the account?

Q1. Nilesh Nahata sir
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Q2. Silk and expression
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Q3. And knowledge with my accountant realted
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Q4. Experience in workrealted
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Q5. And knowledge in accountant skils
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Q6. Communication and body language
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Q7. Knowledge in work process
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Costing and factory work

The CEO of the company comes to us and give us to discuss in group

The CEO gave us a assignment to clear the installment files