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Ford Business Solutions Accountant Interview Questions and Answers

Updated 23 Jun 2021

Ford Business Solutions Accountant Interview Experiences

1 interview found

I applied via Naukri.com and was interviewed before Jun 2020. There were 3 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. Basic accounting
  • Q2. Written test, technical round
  • Q3. Basic Accounting questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Good communication

Interview questions from similar companies

I applied via Referral and was interviewed before Oct 2019. There were 3 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. What is Accountancy
  • Ans. 

    Accountancy is the practice of recording, analyzing, and reporting financial transactions for individuals, businesses, and organizations.

    • Accountancy involves the systematic recording of financial transactions.

    • It includes analyzing financial data to provide insights and make informed decisions.

    • Accountants prepare financial statements and reports to communicate the financial health of an entity.

    • They ensure compliance wit...

  • Answered by AI
  • Q2. What is the debtor
  • Ans. 

    A debtor is a person or entity that owes money or has a financial obligation to another party.

    • A debtor is someone who has borrowed money or received goods or services on credit.

    • Debtors can be individuals, businesses, or even governments.

    • They are legally obligated to repay the borrowed amount or fulfill their financial obligations.

    • Debtors are recorded as liabilities on the balance sheet of the creditor.

    • Examples of debto...

  • Answered by AI
  • Q3. What is creditor
  • Ans. 

    A creditor is a person or entity to whom money is owed.

    • A creditor is someone who has provided goods or services on credit.

    • They are owed money by the debtor.

    • Creditors can be individuals, businesses, or financial institutions.

    • Examples of creditors include suppliers, banks, and bondholders.

  • Answered by AI
  • Q4. What is the ledger entry of credit sale
  • Ans. 

    The ledger entry for a credit sale involves recording the increase in accounts receivable and the corresponding increase in sales revenue.

    • Credit sale is a transaction where goods or services are sold on credit, meaning the payment is expected at a later date.

    • To record a credit sale, the accounts receivable account is debited to increase the amount owed by the customer.

    • Simultaneously, the sales revenue account is credit...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Interview should be effictive and practical.

Accountant Interview Questions & Answers

Volvo user image swathi babydoll

posted on 3 Jul 2024

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Regarding p&l account
  • Q2. Journal entries of reconciliation
  • Ans. 

    Journal entries of reconciliation involve adjusting entries to ensure the balance in the general ledger matches the bank statement.

    • Reconciliation involves comparing the transactions in the bank statement with those in the general ledger.

    • Adjusting entries are made to correct any discrepancies between the two records.

    • Common adjusting entries include recording bank fees, interest income, outstanding checks, and deposits i...

  • Answered by AI
Round 2 - HR 

(2 Questions)

  • Q1. Basic details of mine
  • Q2. Reason for joining the volvo
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Mar 2024. There was 1 interview round.

Round 1 - HR 

(5 Questions)

  • Q1. What are the 3 golden rules
  • Ans. 

    The 3 golden rules of accounting are the rules that govern how financial transactions should be recorded and reported.

    • 1. Debit the receiver, credit the giver: When an asset is received, it is debited. When an asset is given, it is credited.

    • 2. Debit what comes in, credit what goes out: Debit increases assets and expenses, credit decreases them.

    • 3. Debit all expenses and losses, credit all incomes and gains: Expenses and ...

  • Answered by AI
  • Q2. Voucher in tally
  • Ans. 

    A voucher in Tally is a document used to record financial transactions in the accounting software.

    • Vouchers in Tally include sales vouchers, purchase vouchers, payment vouchers, receipt vouchers, journal vouchers, etc.

    • Each voucher type has specific fields to enter transaction details like date, party name, amount, ledger accounts, etc.

    • Vouchers help in maintaining accurate and organized financial records for businesses.

    • V...

  • Answered by AI
  • Q3. What is balance sheet explain liability asset & equity
  • Ans. 

    Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

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

    • Liabilities are obligations or debts that the company owes to others, such as loans and accounts payable.

    • Equity represents the owner's stake in the company, calculated as assets minus liabilities.

    • The balance sheet equa...

  • Answered by AI
  • Q4. What is GST & tds
  • Ans. 

    GST stands for Goods and Services Tax, a consumption tax levied on the supply of goods and services. TDS stands for Tax Deducted at Source, a tax collection method.

    • GST is a value-added tax levied on most goods and services sold for domestic consumption.

    • TDS is a tax deducted by the payer at the time of making payment to the payee.

    • GST is collected by businesses and remitted to the government, while TDS is deducted by the...

  • Answered by AI
  • Q5. What is reconciliation
  • Ans. 

    Reconciliation is the process of comparing two sets of records to ensure they are in agreement.

    • Reconciliation involves verifying and adjusting financial records to match bank statements or other sources.

    • It helps identify discrepancies, errors, or fraud in financial transactions.

    • Examples include reconciling bank statements with cash records, credit card statements with expense reports, or inventory records with physical

  • Answered by AI

Interview Preparation Tips

Topics to prepare for Mahindra & Mahindra Accountant interview:
  • Accounting
Interview preparation tips for other job seekers - Looking for a new job

Skills evaluated in this interview

Interview Questionnaire 

4 Questions

  • Q1. What is account
  • Ans. 

    Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

    • Accounting involves recording financial transactions

    • It includes classifying transactions into categories such as assets, liabilities, and equity

    • Summarizing financial information to provide useful insights for decision-making

    • Examples of financial statements includ...

  • Answered by AI
  • Q2. Why tipes of account
  • Ans. 

    Different types of accounts are used to classify and track financial transactions based on their nature and purpose.

    • Types of accounts include assets, liabilities, equity, revenue, and expenses.

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

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

    • Equity represents the residual interest in the assets of the com...

  • Answered by AI
  • Q3. What is computer
  • Ans. 

    A computer is an electronic device that can perform various tasks by executing instructions given to it.

    • Computers can process and store large amounts of data

    • They can be used for communication, entertainment, and work

    • Examples include desktops, laptops, tablets, and smartphones

  • Answered by AI
  • Q4. How many tipes of computer
  • Ans. 

    There are various types of computers available in the market.

    • Desktop computers

    • Laptop computers

    • Tablet computers

    • Server computers

    • Mainframe computers

    • Supercomputers

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - This interview in my bahaviar self and my skill dawlapment

I applied via Company Website and was interviewed in May 2022. There were 6 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 Resume tips
Round 2 - Group Discussion 

Test application, communication skills

Round 3 - Group Discussion 

Topic knowledge communication skills

Round 4 - Assignment 

What are you strength and weekness

Round 5 - One-on-one 

(2 Questions)

  • Q1. What is your family background what are you salary expectation
  • Ans. There are 7 members in my family Frist of my respected grand mother then my mother she is house maker other my family are two younger brother & vahini both are jobs
  • Answered Anonymously
  • Q2. What are you salary expectation
  • Ans. As a fresher my property is to gain knowledge and enhance my skills to be more productive for company
  • Answered Anonymously
Round 6 - Assignment 

What are you strength and weekness

Interview Preparation Tips

Interview preparation tips for other job seekers - Use your network
You are going to need strong resume
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
-
Result
Selected Selected

I applied via Naukri.com and was interviewed in Oct 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 Resume tips
Round 2 - One-on-one 

(3 Questions)

  • Q1. Why u left your previous job ??
  • Q2. Salary expectation
  • Q3. 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 the accuracy of a company's financial records.

    • It involves comparing the transactions recorded in the company's books with those in the bank statement.

    • Any discrepancies between the two balances are identified and resolved.

    • Common reasons for d...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare your self properly on your core paper.there are some basic questions which are asked in almost all interviews, it's quite easy and also make uconfident in the interview.

I applied via Internshala and was interviewed in Aug 2022. There were 3 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 Resume tips
Round 2 - Case Study 

Sources of evidence for case studies include interviews, documentation, archival records, direct observations, participant-observation, and physical artifacts.

Round 3 - HR 

(2 Questions)

  • Q1. Traditional HR Questions Tell me about yourself. ... Why do you want to work for our company? ... What are your greatest strengths and weaknesses? ... Why are you looking for a change? ... Tell me about th...
  • Q2. Introduce Yourself or Tell me about yourself. ... What are your strengths and weaknesses? ... Why should you be hired? ... How will you manage work pressure? ...

Interview Preparation Tips

Interview preparation tips for other job seekers - Be very careful how you answer questions in a job interview. You always want to be truthful, but it's best to practice your answers, as most websites suggest. I failed to do this prior to my first interview, and when I was asked what job I'd done that I was most proud of, I actually answered, 'Being a mother.' While this is true, it was definitely not the best answer I could have given and certainly not the one the interviewer was looking for.

I was interviewed in Jun 2016.

Interview Questionnaire 

3 Questions

  • Q1. General hr questions
  • Q2. About technology used earlier
  • Q3. Included work profile and negotiations
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
More than 8 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before Mar 2023. There were 3 interview rounds.

Round 1 - One-on-one 

(1 Question)

  • Q1. One to one bout the process
Round 2 - One-on-one 

(1 Question)

  • Q1. Case study of business process
Round 3 - HR 

(1 Question)

  • Q1. Salary & notice period discussion
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Ford Business Solutions Interview FAQs

What are the top questions asked in Ford Business Solutions Accountant interview?

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  1. Written test, technical ro...read more
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Ford Business Solutions Accountant Interview Process

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Interview experience

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Excellent
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Ford Business Solutions Accountant Salary
based on 4 salaries
₹1.8 L/yr - ₹5.5 L/yr
29% more than the average Accountant Salary in India
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4.8/5

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4.9

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4.8

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4.8

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4.6

Job security

4.8

Company culture

4.9

Promotions

4.8

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