EKIN India Accountant Interview Questions and Answers

Accounting is the process of recording, summarizing, and analyzing financial transactions of a business.

• Accounting involves the systematic recording of financial transactions.

• It includes summarizing and classifying the recorded transactions.

• Accounting also involves analyzing and interpreting financial information.

• Financial statements, such as balance sheets and income statements, are prepared based on accounting record...read more

TDS stands for Tax Deducted at Source, which is a tax collected by the government from the income of an individual or entity.

• TDS is deducted from various sources of income such as salary, interest, rent, commission, etc.

• It is collected by the government to ensure that taxes are paid in a timely manner.

• The rate of TDS varies depending on the type of income and the amount earned.

• TDS certificates are issued to individuals...read more

I am an experienced accountant with a strong attention to detail and a passion for numbers.

• Experienced accountant with a track record of accurately managing financial records

• Strong attention to detail and ability to analyze complex financial data

• Proficient in using accounting software and spreadsheets

• Excellent communication and interpersonal skills

• Ability to work independently and meet deadlines

• Example: In my previous ...read more

I have 5 years of experience as an Accountant in a multinational company.

• Worked as an Accountant for 5 years in a multinational company

• Managed financial records and prepared financial statements

• Performed budgeting and forecasting activities

• Handled accounts payable and accounts receivable

• Conducted financial analysis and provided recommendations for improvement

The golden rules of accounting are basic principles that guide the recording of financial transactions.

• The first golden rule is the Personal Account rule, which states that all personal accounts are debited for the receiver and credited for the giver.

• The second golden rule is the Real Account rule, which states that all real accounts are debited for what comes in and credited for what goes out.

• The third golden rule is ...read more