Genpact Executive Accountant Interview Questions and Answers for Experienced

Q1. What are a three golden rules
Ans. 
The three golden rules of accounting are the principles that guide the recording of financial transactions.
• The first golden rule is the Personal Account rule, which states that debit the receiver and credit the giver.

• The second golden rule is the Real Account rule, which states that debit what comes in and credit what goes out.

• The third golden rule is the Nominal Account rule, which states that debit all expenses and l
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Q2. Just for information GAAP
Ans. These Accounting concepts or principles are known as Generally accepted Accounting Principles (GAAP)
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Q3. What is GST? Ans - GST full form Goods & services Tax . GST is a indirect Tax. Always GST in go to Supply &services
Ans. 
GST is an indirect tax on the supply of goods and services in India.
• GST stands for Goods and Services Tax.

• It is a comprehensive tax levied on the supply of goods and services in India.

• It is a destination-based tax, which means that it is levied at the point of consumption.

• GST has replaced multiple indirect taxes like excise duty, service tax, VAT, etc.

• It has simplified the tax structure and made it easier for businesse
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Q4. What is Income Tax? This is Direct Tax. It is valuet in annual Income .
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Income tax is a direct tax levied on an individual's or entity's income by the government.
• It is calculated as a percentage of the income earned by an individual or entity.

• The tax rates vary depending on the income bracket and the tax laws of the country.

• The tax collected is used by the government to fund public services and infrastructure.

• Examples of income that are subject to income tax include salaries, wages, rental...read more
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Q1. I cant remember this time soory 4 years before i will face the interview in genpact this time i am not remember.
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Q2. Sorry for that it is long time before
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