Greet Technologies Interview Questions, Process, and Tips

Q1. Tell me about yourself
Add your answer
Q2. Tell me something about your memorable day
Add your answer

Worst company i have ever worked

Q1. Tell me about yourself
Add your answer
Q2. Why do you want to work
Add your answer

Q1. What do you know about GST
Ans. 
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 excise duty, service tax, VAT, 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.

• GS...read more
Answered by AI
Add your answer
Q2. What do you know about TDS and TCS
Ans. 
TDS stands for Tax Deducted at Source and TCS stands for Tax Collected at Source. They are types of indirect taxes in India.
• TDS is deducted by the payer at the time of making payment to the payee.

• TCS is collected by the seller from the buyer at the time of sale of specified goods.

• TDS rates vary based on the nature of payment, while TCS rates are fixed.

• TDS is applicable on income like salary, interest, commission, etc.,...read more
Answered by AI
Add your answer

Q1. Self introduction
Add your answer
Q2. Qualities and strength
Add your answer

Q1. What is accounting
Ans. 
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
• It involves keeping track of financial transactions such as sales, purchases, and payments

• It includes preparing financial statements such as balance sheets and income statements

• It helps in analyzing financial performance and making informed business decisions

• Exam...read more
Answered by AI
View 2 more answers
Q2. What is Drm and Cr.
Ans. 
DR and CR are abbreviations used in accounting to represent Debit and Credit respectively.
• DR stands for Debit and is used to record an increase in assets or a decrease in liabilities or equity.

• CR stands for Credit and is used to record a decrease in assets or an increase in liabilities or equity.

• Every transaction in accounting must have an equal amount of DR and CR entries.

• DR and CR are used to maintain the balance she
Answered by AI
View 1 more answer
Q3. What is bad debt
Ans. 
Bad debt is an amount owed by a debtor that is unlikely to be paid back to the creditor.
• Bad debt is a loss for the creditor as they are unable to recover the amount owed.

• It can occur due to various reasons such as bankruptcy, insolvency, or fraud.

• Bad debt can be written off as an expense for tax purposes.

• For example, if a customer owes $1000 to a company and declares bankruptcy, the company may not be able to recover t
Answered by AI
View 1 more answer
Q4. How balance sheet is calculated
Ans. 
Balance sheet is calculated by subtracting liabilities from assets.
• Assets are listed on the left side of the balance sheet and liabilities on the right side.

• The difference between the two sides is the owner's equity or net worth.

• The balance sheet is a snapshot of a company's financial position at a specific point in time.

• Examples of assets include cash, accounts receivable, and property.

• Examples of liabilities include
Answered by AI
View 1 more answer
Q5. What is bad debt?
Ans. 
Bad debt is an amount owed by a debtor that is unlikely to be paid back.
• Bad debt is a loss for the creditor as they are unlikely to receive the amount owed.

• It can occur due to bankruptcy, insolvency, or default by the debtor.

• Bad debt can be written off as an expense for tax purposes.

• Examples include unpaid credit card bills, unpaid loans, and unpaid invoices.
Answered by AI
Add your answer
Q6. Explain About tally
Ans. 
Tally is an accounting software used for managing financial transactions and generating reports.
• Tally is widely used by businesses for bookkeeping and accounting purposes.

• It can handle various financial transactions such as invoicing, inventory management, payroll, and taxation.

• Tally provides various features such as data security, remote access, and multi-lingual support.

• It can generate various reports such as balance...read more
Answered by AI
View 1 more answer
Q7. How bad debt refers in balance sheet
Ans. 
Bad debt refers to the amount of money owed to a company that is unlikely to be paid back.
• Bad debt is recorded as an expense on the income statement.

• It is also reflected on the balance sheet as a reduction in accounts receivable.

• The amount of bad debt is estimated by the company based on past experience and current economic conditions.

• For example, if a company has $100,000 in accounts receivable and estimates that $5,0...read more
Answered by AI
View 1 more answer
Q8. Who is debtors and creditors where we add those in B/S
Ans. 
Debtors are people who owe money to the company, while creditors are people or entities that the company owes money to. They are added to the balance sheet.
• Debtors are listed under current assets on the balance sheet

• Creditors are listed under current liabilities on the balance sheet

• Debtors can include customers who have not yet paid for goods or services

• Creditors can include suppliers who have not yet been paid for goo...read more
Answered by AI
Add your answer