Greet Technologies Interview Questions and Answers

The golden rules of accounting are fundamental principles guiding the recording of financial transactions.

• 1. Debit what comes in, credit what goes out. (e.g., when cash is received, debit cash account)

• 2. Debit the receiver, credit the giver. (e.g., when goods are sold on credit, debit the customer account)

• 3. Debit all expenses and losses, credit all incomes and gains. (e.g., when an expense is incurred, debit the expen...read more

Debits and credits are fundamental accounting concepts used to record financial transactions in double-entry bookkeeping.

• Debits increase asset or expense accounts and decrease liability or equity accounts.

• Credits increase liability or equity accounts and decrease asset or expense accounts.

• Example: Purchasing equipment for cash is a debit to equipment and a credit to cash.

• Example: Receiving cash from a customer is a deb...read more

Depreciation is the systematic reduction of an asset's recorded value over time due to wear and tear or obsolescence.

• Depreciation allocates the cost of tangible assets over their useful lives.

• Common methods include straight-line, declining balance, and units of production.

• For example, if a machine costs $10,000 and has a useful life of 10 years, it may depreciate $1,000 annually using the straight-line method.

• Depreciat...read more

Tangible assets are physical items owned by a business that have value and can be touched or measured.

• Includes items like machinery, buildings, and vehicles.

• Depreciates over time, reflecting wear and tear.

• Can be used as collateral for loans.

• Examples: a company car, office furniture, and manufacturing equipment.

Accounting is the systematic process of recording, analyzing, and reporting financial transactions to provide insights into an entity's financial health.

• Involves recording financial transactions, such as sales and expenses.

• Analyzes financial data to assess performance, e.g., profit margins.

• Reports financial information through statements like balance sheets and income statements.

• Ensures compliance with regulations and ...read more

Detail-oriented Accounts Process Executive with a strong background in finance and a passion for optimizing accounting processes.

• I have a Bachelor's degree in Accounting, which provided me with a solid foundation in financial principles.

• In my previous role at XYZ Corp, I managed accounts payable and receivable, ensuring timely processing and accuracy.

• I am proficient in accounting software like QuickBooks and SAP, which...read more

An Accounts Process Executive manages financial transactions, ensures accuracy, and supports accounting operations.

• Handles accounts payable and receivable, ensuring timely payments and collections.

• Prepares financial reports and reconciliations to maintain accurate records.

• Assists in budgeting and forecasting by analyzing financial data.

• Collaborates with other departments to resolve discrepancies and improve processes.

• U...read more

The golden rules of accounting are basic principles that guide the process of recording financial transactions.

• The three golden rules of accounting are: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit all expenses and losses, Credit all incomes and gains.

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

• For example,...read more

Depreciation is the allocation of the cost of a tangible asset over its useful life.

• Depreciation is a non-cash expense that reduces the value of an asset over time.

• It reflects the wear and tear, obsolescence, or decrease in value of the asset.

• Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

• Example: A company buys a delivery truck for $50,000 with a use...read more

GST stands for Goods and Services Tax, a value-added tax levied on most goods and services sold for domestic consumption.

• GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.

• It has replaced multiple indirect taxes like VAT, service tax, etc.

• GST has 4 tax slabs - 5%, 12%, 18%, and 28%.

• Input tax credit can be claimed on taxes paid on input goods and services.

• GST registratio...read more

Types of GST include CGST, SGST, IGST, and UTGST.

• CGST - Central Goods and Services Tax

• SGST - State Goods and Services Tax

• IGST - Integrated Goods and Services Tax

• UTGST - Union Territory Goods and Services Tax

I live in the vibrant neighborhood of Koramangala, known for its cafes, startups, and lively atmosphere.

• Koramangala is a hub for young professionals and students.

• The area has numerous parks, like the 5th Block Park, perfect for relaxation.

• It's famous for its diverse dining options, from street food to upscale restaurants.

• Koramangala is well-connected to other parts of Bangalore, making commuting easy.

Yes, I am familiar with Tally for accounting, GST for taxation, and TDS for tax deduction.

• I have experience using Tally software for maintaining accounting records.

• I understand the concepts of GST (Goods and Services Tax) and its implications on business transactions.

• I am aware of TDS (Tax Deducted at Source) and its requirements for tax deduction.

• I have practical knowledge of how to handle GST and TDS compliance in ac...read more

Yes, I understand that the Accounts Process Executive role involves handling voice communications with clients and stakeholders.

• Voice processes require clear communication skills to explain financial concepts.

• For example, I may need to discuss account discrepancies with clients over the phone.

• Active listening is crucial to understand client concerns and provide accurate solutions.

• I am comfortable using voice tools and ...read more

I am not aware of the specific salary package for the Accounts Process Executive position here.

• Salary packages can vary based on experience and qualifications.

• It's common for companies to discuss salary during the final interview stages.

• Researching industry standards can provide a general idea of expected salaries.

Yes, I understand that Hindi is a mandatory language in this company, and I am prepared to communicate effectively in it.

• Hindi is essential for internal communication among team members.

• Client interactions may require proficiency in Hindi to ensure clarity.

• Understanding company policies and documentation in Hindi is crucial.

• I have experience communicating in Hindi in previous roles, enhancing collaboration.

मेरे परिवार में मेरे माता-पिता, एक भाई और एक बहन हैं, जो सभी एक-दूसरे के साथ बहुत करीबी हैं।

• माता-पिता: मेरे पिता एक इंजीनियर हैं और मेरी माँ एक शिक्षिका हैं। वे हमेशा मुझे शिक्षा के महत्व के बारे में प्रेरित करते हैं।

• भाई: मेरा एक बड़ा भाई है, जो एक डॉक्टर है। वह हमेशा मेरी मदद करता है और मुझे अपने करियर के बारे में सलाह देता है।

• बहन: मेरी छोटी बहन अभी स्कूल में है और वह बहुत प्रतिभाशाली है। वह कला में रुचि रखती है और अक...read more

I am a dedicated Executive Accountant with a strong background in finance and a supportive family that values education and growth.

• Professional Background: I have over 10 years of experience in accounting, specializing in financial reporting and analysis.

• Education: I hold a Master's degree in Accounting, which has equipped me with the skills to navigate complex financial regulations.

• Family Values: My family emphasizes ...read more