Grant Thornton Bharat Associate Executive Interview Questions and Answers

You must have sound knowledge of Audit, Taxation and Financial modeling.
10% General current affairs

Q1. Personal questions
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Q2. Your commitment for the job
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I am fully committed to excelling in this role and contributing positively to the team and organization.
• I am dedicated to continuously improving my skills and knowledge relevant to the job.

• I am willing to put in the extra effort and time required to meet deadlines and deliver high-quality work.

• I am committed to collaborating effectively with colleagues and stakeholders to achieve common goals.
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Q1. Question from ESG framework
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Maths accountancy excel test

Q1. Basic accounting questions
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Q2. Formula of cogs
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COGS stands for Cost of Goods Sold, and the formula to calculate it is Opening Inventory + Purchases - Closing Inventory.
• COGS = Opening Inventory + Purchases - Closing Inventory

• Opening Inventory: The value of inventory at the beginning of the accounting period

• Purchases: The cost of inventory purchased during the accounting period

• Closing Inventory: The value of inventory at the end of the accounting period

• Example: Openi...read more
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Q3. Bank reconciliation
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Q4. Trial balance related
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Q5. Accounting entries
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Q1. How you got to know about us?
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Through a job search website
• Browsing job search websites

• Saw job posting on LinkedIn

• Referred by a friend who saw the job posting
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Q2. Tell something interesting about you
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I have traveled to over 20 countries and can speak 4 languages fluently.
• I love exploring new cultures and trying different cuisines

• I have lived in Europe, Asia, and North America

• I am fluent in English, Spanish, French, and Mandarin

• Traveling has broadened my perspective and enriched my life experiences
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Q3. Apart from self intro say something interesting about you?
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Basics MCQ's on preferred technical skill

Q1. Technical questions based on your resume
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Q2. What is SQL Joins Python
Ans. 
SQL is a language used for managing and querying databases. Joins are used to combine data from multiple tables. Python is a versatile programming language.
• SQL is a language for managing databases, used to retrieve and manipulate data.

• Joins are used in SQL to combine data from multiple tables based on a related column.

• Python is a high-level programming language known for its simplicity and readability.
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Q3. Linux , html, CSS
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Q4. What is primary key, unique key
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Primary key uniquely identifies each record in a database table, while unique key ensures each value in a column is unique.
• Primary key is a column or a set of columns that uniquely identifies each record in a table

• Primary key does not allow NULL values and must be unique for each record

• Unique key ensures that each value in a column or a set of columns is unique

• Unique key can allow NULL values, but each non-NULL value m
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Q5. What is inheritance, polymorphism
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Inheritance is a mechanism in OOP where a new class inherits properties and behaviors from an existing class. Polymorphism allows objects of different classes to be treated as objects of a common superclass.
• Inheritance allows for code reusability and promotes the concept of 'is-a' relationship.

• Polymorphism allows for flexibility in code design and enables dynamic method binding.

• Example of inheritance: class Dog extends...read more
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Q1. What extra activity did you play besides your daily job responsibilities?
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Q1. What is AR and the Journal entries related to it
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AR stands for Accounts Receivable. Journal entries related to it are transactions that record the amount owed to a company by its customers.
• AR is a type of asset account that represents money owed to a company by its customers

• Journal entries related to AR include recording sales on credit, receiving payments from customers, and writing off bad debts

• Example: Recording a sale on credit would involve debiting AR and credi...read more
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Q2. Company ABC Ltd was provided services worth 1,00,000 and 10% TDS deducted, what should be the Journal entry
Ans. 
Journal entry for services worth 1,00,000 with 10% TDS deducted
• Debit the TDS account with 10,000

• Credit the vendor account with 90,000

• Credit the TDS payable account with 10,000
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Q3. If it becomes Insolvent what should be the entry.
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If a company becomes insolvent, the entry should be recorded as a loss in the financial statements.
• Insolvency occurs when a company is unable to pay its debts and liabilities.

• The entry to record insolvency typically involves recognizing a loss on the balance sheet.

• The specific accounts affected will depend on the nature of the insolvency and the company's accounting policies.

• For example, if a company becomes insolvent ...read more
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Q4. In case the Bad debt is recovered what should be the entry
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If bad debt is recovered, the entry should be a reversal of the original bad debt write-off entry.
• Create a journal entry to reverse the original bad debt write-off entry

• Debit the bad debt recovery account for the amount recovered

• Credit the accounts receivable account for the same amount

• If any interest or fees were charged on the bad debt, those should be credited to the income account

• If the bad debt was previously writ...read more
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