Firstcourse Junior Accountant Interview Questions and Answers

I want to give information about my skill. What I know and do not know, we will have to tell our interviewer. Thank you.

Q1. Anything in exel experience
Ans. 
Yes, I have extensive experience in Excel including data entry, formula creation, and data analysis.
• Proficient in data entry and formatting

• Skilled in creating complex formulas and functions

• Experienced in data analysis and creating charts and graphs

• Familiar with VLOOKUP, PivotTables, and macros

• Used Excel for budgeting and financial analysis in previous roles
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Q1. What are the golden rules
Ans. 
Golden rules are basic principles of accounting that guide the recording of financial transactions.
• There are three golden rules: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules ensure that every transaction is recorded accurately and consistently.

• For example, if a company receives cash from a customer, the cash account is de...read more
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Q2. What is account payable
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Account payable is the amount of money a company owes to its suppliers or vendors for goods or services received but not yet paid for.
• It is a liability on the company's balance sheet

• It represents the amount owed to suppliers or vendors

• It is recorded as a credit in the company's books

• Examples include unpaid invoices for raw materials, utilities, or rent

• It is important to manage and pay accounts payable on time to mainta
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Q3. Expansion for SAP and ERP
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SAP and ERP are enterprise software solutions used for managing business operations and resources.
• SAP stands for Systems, Applications, and Products in Data Processing.

• ERP stands for Enterprise Resource Planning.

• Both SAP and ERP help in streamlining business processes, improving efficiency, and reducing costs.

• They provide a centralized database for managing various functions like finance, HR, inventory, and supply chai...read more
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Q4. What is blanket order
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A blanket order is a purchase order that covers multiple deliveries over a period of time, usually for a fixed amount.
• It is a type of purchase order.

• It covers multiple deliveries over a period of time.

• It is usually for a fixed amount.

• It is commonly used for recurring orders of the same item.

• It simplifies the ordering process and reduces administrative costs.

• Example: A company may place a blanket order for office suppli...read more
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Q1. About yourself and ur college and school experiences .
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Q2. What about u and ur family
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Q1. Tell about your self what choice company
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Q2. Strength weakness short-term goals long-term goals
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Q3. What is accountant types of accountant
Ans. 
There are several types of accountants, including public accountants, management accountants, government accountants, and internal auditors.
• Public accountants work for accounting firms and provide services to clients such as tax preparation and financial statement audits.

• Management accountants work for companies and provide financial analysis and advice to help with decision-making.

• Government accountants work for feder...read more
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Q4. What is Ms office word Excel
Ans. 
MS Office Word and Excel are software applications used for word processing and spreadsheet management respectively.
• MS Office Word is used for creating and editing documents such as letters, reports, and resumes.

• MS Office Excel is used for managing and analyzing data in spreadsheets.

• Both applications are commonly used in business and academic settings.

• They offer a wide range of features and tools to enhance productivit...read more
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Q5. School life college days
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Q6. Seminar industrial visting
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Q7. What is balancesheet
Ans. 
A financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
• Balancesheet is a snapshot of a company's financial position at a specific date.

• It shows the company's assets, liabilities, and equity.

• Assets are what the company owns, liabilities are what the company owes, and equity is the difference between the two.

• The balancesheet follows the accounting equation: Assets = Liabi...read more
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Q8. What is cash flow statement
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Cash flow statement is a financial statement that shows the inflow and outflow of cash in a business over a period of time.
• It shows the sources of cash and how it was used.

• It helps in analyzing the liquidity and solvency of a business.

• It is divided into three sections: operating, investing, and financing activities.

• Example: If a company has a positive cash flow from operating activities, it means that the company is ge...read more
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Q9. What is depreciation
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Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence or other factors.
• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

• It is calculated based on the useful life of the asset and the method of depreciation chosen.

• Examples of assets that can be depreciated include buildings, vehicles, machinery, and equipment.

• Depreciation can be straight-...read more
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