ElasticRun Junior Accounts Executive Interview Questions and Answers

Golden rules of accounting are basic principles that guide the process of recording financial transactions.

• Maintain separate personal and business accounts

• Record every transaction accurately

• Follow the principle of double-entry accounting

• Prepare financial statements regularly

• Always keep proper documentation

Types of GST include CGST, SGST, IGST, and UTGST.

• Central Goods and Services Tax (CGST) - levied by the central government on intra-state supplies

• State Goods and Services Tax (SGST) - levied by the state government on intra-state supplies

• Integrated Goods and Services Tax (IGST) - levied by the central government on inter-state supplies

• Union Territory Goods and Services Tax (UTGST) - levied by the union territories on in