Fedbank Financial Services Executive Accountant Interview Questions and Answers

Q1. What is account?
Ans. 
An account is a record of financial transactions for a specific asset, liability, equity, revenue, or expense.
• An account is used to track the financial activity related to a specific category.

• Accounts are typically organized in a chart of accounts.

• Each account has a unique number or code for identification.

• Examples of accounts include cash, accounts receivable, and sales revenue.
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Q2. Kinds of account
Ans. 
There are five main types of accounts in accounting: assets, liabilities, equity, revenue, and expenses.
• Assets: resources owned by the company (e.g. cash, inventory)

• Liabilities: obligations owed by the company (e.g. loans, accounts payable)

• Equity: the owner's claim on the company's assets (e.g. common stock, retained earnings)

• Revenue: income generated from the company's operations (e.g. sales revenue)

• Expenses: costs in
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Q1. What are your strength? Do you have The key skills This position requires?
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Q2. Do you have the key skills this position requires?
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Q1. Tell me about yourself
Ans. Iam Sukanya , studing for Bsc chemistry
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Q2. What are you salary expectations
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Q3. What interested you about this opportunity
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Q4. What are your strengths and weakness
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Q5. Understand the company work culture
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Q6. What are you outside interested
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Q7. What makes you angry
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Q1. Demonetisation topic given by HR
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Only general knowledge

Q1. What you about micro finance?
Ans. 
Microfinance is a financial service that provides small loans and other financial services to low-income individuals or groups who lack access to traditional banking services.
• Microfinance helps empower individuals and communities by providing access to financial services.

• It focuses on providing small loans to entrepreneurs and small businesses who may not qualify for traditional bank loans.

• Microfinance institutions oft...read more
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Q2. Why you join this company?
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Demonetisation topic given by HR

General knowledge questions

Q1. What you know about micro finance ?
Ans. 
Microfinance is a type of financial service that provides small loans and other financial services to low-income individuals or groups who lack access to traditional banking services.
• Microfinance aims to help alleviate poverty by providing financial services to those who are unable to access traditional banking services.

• It typically involves small loans, savings accounts, insurance, and other financial products tailore...read more
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Q2. Why you join this company ?
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