Ganga Consultancy Accountant Interview Questions and Answers

Accounting questions for aptitude test

Q1. What is working capital
Ans. 
Working capital is the difference between a company's current assets and current liabilities.
• Working capital is a measure of a company's operational efficiency and short-term financial health.

• It shows how much liquid assets a company has available to meet its short-term obligations.

• Formula: Working Capital = Current Assets - Current Liabilities

• Examples of current assets: cash, accounts receivable, inventory

• Examples of ...read more
Answered by AI
Add your answer
Q2. What is a accounting process
Ans. 
Accounting process refers to the series of steps taken to record, analyze, and report financial transactions of a business.
• The accounting process starts with identifying and recording financial transactions.

• Transactions are then classified into different accounts based on their nature (e.g. assets, liabilities, equity, revenue, expenses).

• The recorded transactions are then summarized and analyzed to prepare financial st...read more
Answered by AI
Add your answer
Q3. All accounting questions
Add your answer
Q4. State the three main types of accounting
Ans. 
The three main types of accounting are financial accounting, management accounting, and tax accounting.
• Financial accounting focuses on recording and reporting financial transactions of a business.

• Management accounting involves providing information to help with internal decision-making and planning.

• Tax accounting deals with tax-related matters, such as preparing tax returns and ensuring compliance with tax laws.
Answered by AI
Add your answer
Q5. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: 1. Debit the receiver, credit the giver 2. Debit what comes in, credit what goes out 3. Debit expenses and losses, credit income and gains

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a...read more
Answered by AI
Add your answer

One topic choose and give speech

4 part in aptitude english, logical, insurance, accounting

Q1. What is accounting
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples: preparing balance sheets, income statements, cash flow statements
Answered by AI
Add your answer

Q1. Accounting Concepts & Basics of Accounting
Add your answer

Q1. Just introduction myself with good communication I'm fresher
Ans. Tell me about your education Backround
Answered Anonymously
Add your answer
Q2. Share experience with your best memories
Add your answer

For 1 question one minute time they have given. We have to answer very fast.

Q1. How many data types in java.
Ans. 
There are 8 primitive data types in Java.
• Primitive data types: byte, short, int, long, float, double, char, boolean

• Examples: int num = 10; char letter = 'A'; boolean flag = true;
Answered by AI
Add your answer

What is Balance sheet

What is tha discussion problem and solution

Q1. What is your neme what is your qualification and experience
View 10 more amswers
Q2. Do you know this company and your hobies
View 2 more amswers
Q3. What is your background
View 1 more amswer
Q4. What is besic concept in account
Ans. 
The basic concept in accounting is the double-entry system, which involves recording every transaction in two accounts: debit and credit.
• Double-entry system is the foundation of accounting

• Every transaction is recorded in two accounts: debit and credit

• Debit refers to the left side of an account and credit refers to the right side

• Debit and credit must always balance

• Examples: recording a sale, paying rent, receiving payme
Answered by AI
View 3 more amswers
Q5. What is accural concept in account
Ans. 
Accrual concept is a method of accounting where revenues and expenses are recognized when earned or incurred, regardless of when payment is received or made.
• Revenue is recognized when it is earned, not when payment is received

• Expenses are recognized when they are incurred, not when payment is made

• Accrual accounting provides a more accurate picture of a company's financial health

• Example: A company provides services to a...read more
Answered by AI
View 1 more amswer
Q6. What are three goldan rools of account
Ans. 
The three golden rules of accounting are the basis of recording financial transactions accurately.
• The first rule is the Personal Account, which deals with transactions related to individuals or organizations.

• The second rule is the Real Account, which deals with transactions related to assets, liabilities, and capital.

• The third rule is the Nominal Account, which deals with transactions related to expenses, incomes, gain...read more
Answered by AI
View 2 more amswers
Q7. What is your faimly background
Add your answer
Q8. What are your stranth
Add your answer
Q9. And why Should we heare now
Add your answer