Fitness Factory Accountant Interview Questions and Answers

The fixed asset cycle refers to the process of acquiring, using, maintaining, and disposing of fixed assets.

• Acquiring fixed assets through purchase or construction

• Using fixed assets in business operations

• Maintaining fixed assets through repairs and upgrades

• Disposing of fixed assets through sale or retirement

• Tracking fixed assets through an asset register

• Examples include buildings, machinery, and vehicles

To ensure a journal is correct, one must verify accuracy, completeness, and proper documentation.

• Verify that all transactions are accurately recorded in the journal

• Ensure that the journal is complete and includes all necessary entries

• Check that each entry is properly documented with supporting evidence

• Reconcile the journal with other financial records to identify any discrepancies

• Perform regular reviews and audits to m

I am seeking new challenges and opportunities for growth in my career.

• Desire for professional growth and development

• Seeking new challenges and experiences

• Opportunity to learn new skills and expand knowledge

• Better work-life balance or job satisfaction

• Higher salary or better benefits

• Relocation or change in personal circumstances

I am a detail-oriented accountant with a strong track record of accuracy and efficiency.

• I have a proven track record of accurately managing financial records and ensuring compliance with regulations.

• I am highly organized and able to prioritize tasks effectively to meet deadlines.

• I have excellent communication skills, allowing me to work effectively with clients, colleagues, and stakeholders.

• I am proficient in accountin...read more

Sections 192 to 196D of Income Tax Act are applicable for TDS.

• Section 192 for TDS on salary

• Section 193 for TDS on interest on securities

• Section 194 for TDS on dividend

• Section 194A for TDS on interest other than interest on securities

• Section 194B for TDS on winnings from lottery or crossword puzzle

• Section 194C for TDS on payment to contractors and sub-contractors

• Section 194D for TDS on insurance commission

• Section 194DA ...read more

In my previous company, my daily routine work involved managing accounts payable and receivable, preparing financial statements, and reconciling bank statements.

• Managed accounts payable and receivable

• Prepared financial statements

• Reconciled bank statements

• Assisted in budgeting and forecasting

• Collaborated with other departments to ensure accuracy of financial data