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Gallagher & Mohan Accountant Interview Questions and Answers
Gallagher & Mohan Accountant Interview Experiences
1 interview found
Anonymous
I applied via LinkedIn and was interviewed in Aug 2024. There were 2 interview rounds.
First round was MCQ test.
(3 Questions)
- Q1. Tell me about yourself
- Ans.
Experienced accountant with a strong attention to detail and a passion for numbers.
Graduated with a degree in Accounting from XYZ University
Worked as a junior accountant at ABC Company for 2 years
Proficient in using accounting software such as QuickBooks and Excel
Managed financial reports and budgets for multiple clients
Strong analytical skills and ability to problem solve efficiently
- Q2. What is golden rules for accounting
- Ans.
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
The golden rules include: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.
These rules help ensure accuracy and consistency in financial reporting.
For example, when a company receives cash from a customer, the transaction would ...
- Q3. What is accrual accounting
- Ans.
Accrual accounting is a method of accounting that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.
Revenue is recorded when it is earned, not necessarily when cash is received
Expenses are recorded when they are incurred, not necessarily when they are paid
Accrual accounting provides a more accurate representation of a company's financial position and performance over t
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Position or post calling for specified duties to which an employee is assigned for a definite or indefinite period of time but which has not been designated as a work classification.
(5 Questions)
- Q1. What is tha accounts?
- Ans.
Accounts refer to the records of financial transactions of a business or organization.
Accounts are used to track income, expenses, assets, and liabilities.
They help in analyzing the financial health of a company.
Examples of accounts include cash, accounts receivable, inventory, and accounts payable.
- Q2. What is tha payable and receivable
- Ans.
Payable and receivable refer to amounts owed by a company (payable) and amounts owed to a company (receivable).
Payable refers to money owed by a company to its suppliers or vendors
Receivable refers to money owed to a company by its customers or clients
Payable and receivable are recorded on a company's balance sheet
Examples: Accounts payable, accounts receivable
- Q3. What is TDS ?
- Ans.
TDS stands for Tax Deducted at Source, which is a system where tax is deducted by the payer at the time of making payment.
TDS is a form of advance tax which ensures that the government receives tax revenue in advance.
It is applicable to various payments such as salary, interest, commission, rent, etc.
The deducted TDS amount is then deposited with the government on behalf of the recipient.
TDS rates vary depending on the...
- Q4. What is tally used for ?
- Ans.
Tally is a software used for accounting and financial management.
Tally is used for recording financial transactions.
It helps in managing accounts, generating reports, and analyzing data.
Tally is commonly used by businesses for bookkeeping and tax compliance.
It can also be used for inventory management and payroll processing.
- Q5. What is tally skills?
- Ans.
Tally skills refer to proficiency in using Tally software for accounting purposes.
Tally skills involve knowledge of creating and managing accounts, generating financial reports, and performing audits.
Proficiency in data entry, reconciliation, and inventory management using Tally is essential.
Examples of Tally skills include creating ledgers, recording transactions, and generating balance sheets.
Knowledge of shortcuts a...
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Skills evaluated in this interview
I applied via campus placement at Christ University, Bangalore and was interviewed in Aug 2024. There was 1 interview round.
(2 Questions)
- Q1. Journal entry for prepaid expenses
- Ans.
Journal entry for prepaid expenses involves debiting Prepaid Expense account and crediting Cash or Bank account.
Debit Prepaid Expense account to record the expense paid in advance
Credit Cash or Bank account to show the decrease in cash due to prepayment
Prepaid expenses are considered assets until they are used up or expire
Example: Journal entry for prepaid rent - Debit Prepaid Rent, Credit Cash/Bank
- Q2. What is bank reconciliation
- Ans.
Bank reconciliation is the process of comparing a company's records with those of its bank to ensure they match.
Bank reconciliation involves comparing the company's records of its financial transactions with the bank's records.
It helps identify any discrepancies such as missing transactions, errors, or fraudulent activity.
The process involves adjusting the company's records to match the bank's records by reconciling an...
I applied via AmbitionBox and was interviewed in Aug 2024. There was 1 interview round.
What is the recruitment of work and experience
(2 Questions)
- Q1. How was the interview
- Q2. What qualifications u need for accountants
Discussion about accounts
Selected
I applied via Job Fair and was interviewed in Jun 2024. There was 1 interview round.
(3 Questions)
- Q1. Accounting maintain and the account details create
- Q2. Accounting submitted
- Q3. Manage the every account for account holder's
- Ans.
Managing every account for account holders involves maintaining accurate financial records, providing timely updates, and addressing any inquiries or concerns.
Maintain accurate financial records for each account holder
Provide timely updates on account balances and transactions
Address any inquiries or concerns from account holders
Ensure compliance with financial regulations and policies
Offer personalized financial advic
Interview Preparation Tips
I applied via Recruitment Consulltant and was interviewed in Sep 2023. There were 3 interview rounds.
(3 Questions)
- Q1. Each round has its different tasks and it carries minimum 30 questions in a round. It was a good experience to share
- Q2. What will you do if you're friend is in trouble? Will you help him or not?
- Q3. Will you help the needy people in their bad times?
About personality check
Selected
I applied via Naukri.com and was interviewed in Nov 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Tell me about yourself
- Q2. This question is usually the first question in an interview, and it is a way to break the ice. You should answer this question by giving a brief overview of your education, work experience, and skills. You...
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed in Sep 2023. There was 1 interview round.
(1 Question)
- Q1. Tally sap Microsoft Office
Interview Preparation Tips
(1 Question)
- Q1. Research the company you're interviewing with. ... Research the person who is interviewing you. ... Carefully read the job description and understand every point, as well as how your own skills fulfil all ...
Numerical Reasoning.
Verbal Reasoning.
Inductive Reasoning.
Diagrammatic Reasoning.
Logical Reasoning.
Mechanical Reasoning.
Situational Judgement.
Deductive reasoning.
More items...•14-Sept-2022
(2 Questions)
- Q1. Consider the tools and skills necessary for the role. Think about the basic requirements of the job. ... Study helpful books and digital publications. ... Practice for the interview. ... Prepare to ask que...
- Q2. How would you describe yourself? ... What makes you unique? ... Why do you want to work here? ... What interests you about this role? ... What motivates you? ... What are you passionate about?
Interview Preparation Tips
Use informational interviews to network. ...
Set yourself apart with letters of recommendation. ...
Know yourself and what you want. ...
Pump yourself up and stay positive.
More items...
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Gallagher & Mohan Accountant Reviews and Ratings
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Rating in categories
|
Financial Analyst
80
salaries
|  ₹3.2 L/yr - ₹8 L/yr |
|
Accountant
43
salaries
| ₹4 L/yr - ₹6.9 L/yr |
|
Analyst
13
salaries
| ₹4 L/yr - ₹9 L/yr |
|
Senior Accountant
13
salaries
| ₹5 L/yr - ₹11 L/yr |
|
Management Trainee
9
salaries
| ₹4.8 L/yr - ₹12 L/yr |
Marsh McLennan
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