Gulf Ashley Motor Executive Accountant Interview Questions and Answers for Freshers

I worked as a Senior Accountant at XYZ Company for 5 years, managing financial records and preparing reports.

• Managed financial records for the company

• Prepared financial reports on a regular basis

• Analyzed financial data to provide insights for decision-making

• Collaborated with other departments to ensure accuracy of financial information

TDS rates refer to the rates at which tax is deducted at source on various types of income.

• TDS rates vary depending on the type of income and the status of the recipient.

• For example, the TDS rate on salary income is different from the TDS rate on interest income.

• TDS rates can range from 1% to 30% depending on the nature of the income and the provisions of the Income Tax Act.

• It is important for businesses and individual...read more

EBIT stands for Earnings Before Interest and Taxes, while EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization.

• EBIT is a measure of a company's operating performance without factoring in interest and taxes.

• EBITDA is a measure of a company's operating performance without factoring in interest, taxes, depreciation, and amortization.

• Both EBIT and EBITDA are commonly used to evaluate a company'...read more

BEP stands for Break-Even Point and MOS stands for Margin of Safety.

• BEP is the point at which total revenue equals total costs, resulting in neither profit nor loss.

• MOS is the amount by which sales can drop before the company reaches the BEP.

• Calculating BEP helps in determining the minimum amount of sales needed to cover costs.

• MOS provides a cushion for the company in case of unexpected changes in sales or costs.

Line balancing is the process of optimizing workstations in a production line to minimize idle time and maximize efficiency.

• It involves analyzing the production process and identifying bottlenecks

• Tasks are then rearranged to balance the workload across workstations

• The goal is to achieve a smooth and continuous flow of work

• Example: In a car assembly line, line balancing would involve ensuring that each workstation has a...read more