Goldman Sachs Accountant Interview Questions and Answers

Q1. What account rules
Ans. 
Account rules refer to the guidelines and principles that govern the recording and reporting of financial transactions in an organization.
• Account rules dictate how transactions are classified and recorded in financial statements

• They ensure consistency and accuracy in financial reporting

• Examples include the matching principle, revenue recognition principle, and historical cost principle
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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
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Q1. Confirmed work then would like it is part time jobs....
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Q2. Why are you doing then like it?
Ans. 
I enjoy accounting because it combines analytical skills with problem-solving, allowing me to contribute to financial success.
• Passion for numbers: I have always enjoyed working with numbers and analyzing data.

• Problem-solving: Accounting challenges me to find solutions to financial discrepancies.

• Impact on business: I appreciate how accurate accounting can drive business decisions and growth.

• Continuous learning: The fiel...read more
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Q1. Accounting Rules
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Q2. Accounting Rules In Excel
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Understanding accounting rules in Excel is crucial for accurate financial reporting and analysis.
• Use formulas like SUM, AVERAGE, and IF to automate calculations.

• Implement data validation to ensure accurate data entry (e.g., restrict entries to certain ranges).

• Utilize pivot tables for summarizing large datasets efficiently.

• Apply conditional formatting to highlight key financial metrics (e.g., profit margins below a cert...read more
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Q1. Personal life question
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Q2. Insurance reinsurance question
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What is Balance sheet

What is tha discussion problem and solution

Q1. Gst kitne type hoti hai
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Q2. GST Return kya hai
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Q3. GST ka full form
Ans. 
GST stands for Goods and Services Tax, a comprehensive tax on the supply of goods and services in India.
• GST was implemented in India on July 1, 2017.

• It replaced multiple indirect taxes like VAT, service tax, and excise duty.

• GST is categorized into three types: CGST (Central GST), SGST (State GST), and IGST (Integrated GST).

• For example, if a product costs ₹100, and the GST rate is 18%, the total cost will be ₹118.

• GST ai...read more
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Q4. Income tax kya hai
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Q5. Income tax q file karvaya Jat hai
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Q1. What is Accounts Payable ?
Ans. 
Accounts Payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts Payable is a liability on the balance sheet

• It represents the company's obligation to pay off short-term debts to creditors

• It includes invoices from suppliers, utility bills, and other expenses

• Accounts Payable is typically recorded when goods or services are received, not when they are pa...read more
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Q2. What is Procure to pay ?
Ans. 
Procure to pay is the process of obtaining and paying for goods and services from suppliers.
• Involves requesting goods/services, receiving them, approving invoices, and making payments

• Includes steps like purchase requisition, purchase order, goods receipt, invoice verification, and payment processing

• Helps streamline the purchasing process and ensure timely payments to suppliers
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