Golden Tips Tea Senior Accounts Assistant Interview Questions and Answers

Accounting questions for aptitude test

Q1. What is working capital
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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
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Q2. What is a accounting process
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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
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Q3. All accounting questions
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Q4. State the three main types of accounting
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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.
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Q5. Golden rules of accounting
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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
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Preparation of Financial statements, BRS, Journal Entries etc

Q1. Evrrything about he Finance
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Reasoning, arthmetic statistics

Q1. Introduction on your self
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Q2. Educational qualifications
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Q3. Strengths and weaknesses
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Q4. Explain any one topic
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Explain the concept of double-entry accounting
• Double-entry accounting is a system where every transaction has equal and opposite effects on two or more accounts

• It follows the accounting equation: Assets = Liabilities + Equity

• Each transaction involves a debit entry in one account and a credit entry in another account

• Example: When a company receives cash from a customer, it debits the cash account and credits the revenue
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Q5. Ask in current affairs
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Q1. Journal entries
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Q1. Salary discussion
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Q1. About my skills and qualifications
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Q1. Accounting related questions
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Q2. Goods and Service Tax, TDS, etc.
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General knowledge, questions and basic computer project, and learning more then....

Q1. Basic information.talk to free. General questions. And more. Be good. Working experience
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Q2. I was speak to bold and well speach
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Basic questions were asked in HR

Q1. General questions to test the basics
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Q2. Tell me about yourself
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