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FAIRASSETS TECHNOLOGIES INDIA PRIVATE LIMITED Executive Accountant Interview Questions and Answers for Experienced

Updated 8 Feb 2021

FAIRASSETS TECHNOLOGIES INDIA PRIVATE LIMITED Executive Accountant Interview Experiences for Experienced

1 interview found

Interview Questionnaire 

1 Question

  • Q1. Rates of TDS
  • Ans. 

    TDS rates vary based on the type of payment and the recipient's status.

    • TDS rates range from 1% to 30% depending on the type of payment.

    • For example, TDS on salary is deducted at rates specified in the Income Tax Act, while TDS on rent is deducted at 10%.

    • TDS rates also vary based on the recipient's status, such as whether they are a resident or non-resident.

    • For instance, TDS on payments to non-residents for technical ser...

  • Answered by AI

Interview questions from similar companies

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. What is Accounts payable
  • Ans. 

    Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

    • Accounts payable is a liability on the balance sheet

    • It represents the amount of money owed by a company to its suppliers or vendors

    • It is typically recorded when goods or services are received but payment has not yet been made

    • Accounts payable is an important part of a company's working capital man

  • Answered by AI
  • Q2. What is Bank reconcilation statment
  • Ans. 

    Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.

    • It is used to identify any discrepancies between the two sets of records.

    • It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

    • The goal is to ensure the accuracy of the company's financial records and the bank's records.

    • Once discrepancies are identifi...

  • Answered by AI
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Mar 2024. There was 1 interview round.

Round 1 - Application Form 

(6 Questions)

  • Q1. Account inventory
  • Q2. Working according to online work
  • Q3. Approval purchase order
  • Q4. GST work tally work
  • Q5. Excel workbook working on system
  • Ans. 

    Excel workbooks can be used to organize and analyze financial data efficiently.

    • Excel workbooks allow for the creation of multiple sheets within a single file for organizing different types of financial data.

    • Formulas and functions can be used in Excel to perform calculations and analysis on financial data.

    • Excel workbooks can be customized with charts and graphs to visually represent financial data.

    • Data can be imported a...

  • Answered by AI
  • Q6. Online returns fille

Interview Preparation Tips

Interview preparation tips for other job seekers - Save the cost of company

Skills evaluated in this interview

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(1 Question)

  • Q1. Experience
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Nov 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. About previous experience
  • Ans. It's good and i taking care invoice processing and vendor payments checking.
  • Answered Anonymously
  • Q2. About my family background
  • Ans. We have a 4 members in my family and they doing well. My parents are doing agriculture and my brother is lifeguard in wonderla.
  • Answered Anonymously

Interview Preparation Tips

Interview preparation tips for other job seekers - Keep on doing well it will help the candidate to get the jobs.
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Apr 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Technical 

(4 Questions)

  • Q1. What are a three golden rules
  • Ans. 

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

    • The first golden rule is the Personal Account rule, which states that debit the receiver and credit the giver.

    • The second golden rule is the Real Account rule, which states that debit what comes in and credit what goes out.

    • The third golden rule is the Nominal Account rule, which states that debit all expenses and l

  • Answered by AI
  • Q2. Just for information GAAP
  • Ans. These Accounting concepts or principles are known as Generally accepted Accounting Principles (GAAP)
  • Answered Anonymously
  • Q3. What is GST? Ans - GST full form Goods & services Tax . GST is a indirect Tax. Always GST in go to Supply &services
  • Ans. 

    GST is an indirect tax on the supply of goods and services in India.

    • GST stands for Goods and Services Tax.

    • It is a comprehensive tax levied on the supply of goods and services in India.

    • It is a destination-based tax, which means that it is levied at the point of consumption.

    • GST has replaced multiple indirect taxes like excise duty, service tax, VAT, etc.

    • It has simplified the tax structure and made it easier for businesse

  • Answered by AI
  • Q4. What is Income Tax? This is Direct Tax. It is valuet in annual Income .
  • Ans. 

    Income tax is a direct tax levied on an individual's or entity's income by the government.

    • It is calculated as a percentage of the income earned by an individual or entity.

    • The tax rates vary depending on the income bracket and the tax laws of the country.

    • The tax collected is used by the government to fund public services and infrastructure.

    • Examples of income that are subject to income tax include salaries, wages, rental...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - You need a brand in the digital age because while your job is what you do, your brand is who you are… By branding yourself properly in the digital age.
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Recruitment Consulltant and was interviewed in May 2023. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - Aptitude Test 

Multiple choice almost 50 questions passing marks 35

Round 3 - Technical 

(3 Questions)

  • Q1. Role , Behaviour , experience
  • Q2. Knowledge of project, regarding education
  • Q3. Certification, situation based questions
Round 4 - HR 

(2 Questions)

  • Q1. Final round about profile and salary package
  • Q2. Joining dates, submission documents

Interview Preparation Tips

Interview preparation tips for other job seekers - Waiting for interview

I applied via Company Website and was interviewed before Sep 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Double-check your resume for any spelling mistakes. The recruiter may consider spelling mistakes as careless behavior or poor communication skills.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. (1).What does Tally accounting mean? Ans :Tally accounting is an ERP software that is used by small as well as large businesses for business functionalities like accounting,finance,inventory,payroll,etc.....
  • Ans. 

    Tally accounting is an ERP software used for business functionalities like accounting, finance, inventory, payroll, etc.

    • Tally accounting is an ERP software

    • Used by small and large businesses

    • Handles accounting, finance, inventory, payroll, etc.

    • Helps in managing financial transactions

    • Generates financial reports

    • Provides real-time data

    • Increases efficiency and accuracy

    • Premises in accounting refer to fixed assets shown in the

  • Answered by AI
  • Q2. (3).what is the difference between capital and revenue transaction? Ans :accounting involves two types of business transactions. Capital and Revenue Revenue transactions refers to the transactions relati...

Interview Preparation Tips

Topics to prepare for TCS Executive Accountant interview:
  • HTML
Interview preparation tips for other job seekers - Success is not a destination success is a journey.

Interview Questionnaire 

1 Question

  • Q1. Process regards

I applied via Referral and was interviewed before Dec 2016. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Ind as, Companies act 2013,

Interview Preparation Tips

Round: Group Discussion
Experience: Revenue recognition standard

General Tips: Be confident since this is the primary skill seeked by the people here
Skills: Communication
Duration: 1-4 weeks

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