eSSL Account Assistant Interview Questions and Answers

Q1. What type account
Ans. 
The type of account refers to the classification of accounts based on their nature and purpose.
• There are five main types of accounts: assets, liabilities, equity, revenue, and expenses.

• Assets are resources owned by the company, such as cash, inventory, and equipment.

• Liabilities are obligations owed by the company, such as loans and accounts payable.

• Equity represents the owner's stake in the business.

• Revenue is the inco...read more
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Q2. What is bank reconciliation
Ans. 
Bank reconciliation is the process of comparing and matching the balances in a company's accounting records with the balances on its bank statement.
• Bank reconciliation helps ensure that all transactions are recorded accurately in the company's books.

• It involves comparing the company's records of its bank account with the bank statement to identify any discrepancies.

• Common reasons for discrepancies include outstanding c...read more
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Q3. Any five tangible Assets
Ans. 
Tangible assets are physical assets that can be seen and touched.
• Real estate

• Machinery

• Vehicles

• Inventory

• Furniture and fixtures
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Q4. What is current Assets
Ans. 
Current assets are assets that are expected to be converted into cash or used up within one year.
• Includes cash, accounts receivable, inventory, and prepaid expenses

• Listed on the balance sheet under assets

• Helps determine a company's liquidity and ability to pay off short-term obligations
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Q5. Gold rule of Accounting
Ans. 
The gold rule of accounting states that debits must equal credits in every financial transaction.
• Debits must always equal credits in accounting entries

• It is the foundation of double-entry accounting

• Helps ensure accuracy and balance in financial records
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Aptitude, english, technical

Q1. Self introduction
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Q2. Why do you want to work with our company
Ans. 
I am impressed by your company's reputation for excellence in financial management and I believe my skills and experience align well with your needs.
• I admire your company's commitment to financial transparency and accountability

• I am excited about the opportunity to work with a team of experienced professionals

• I believe my background in financial analysis and reporting will be a valuable asset to your organization
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How to develop business

Checking the candidate knowledge

Q1. CV related questions
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Research case presentation

Q1. Dividend payable journal entry
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Q2. Shareholder expenses journal entry
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Q3. Income tax provision
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Q4. Goods purchased and discount received JE
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Q5. R&S, provision, prepaid, Accrued, Deferred Revenue. Meaning and journal entries
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Q6. GST input setoff entries
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Q1. Self introduce , skills, Education
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