Iasys Technology Solutions Accountant Interview Questions and Answers

A bank is a financial institution that accepts deposits from individuals and businesses and provides loans and other financial services.

• Banks provide a safe place for individuals and businesses to deposit their money.

• They offer various types of accounts such as savings accounts, checking accounts, and certificates of deposit.

• Banks provide loans to individuals and businesses for various purposes such as buying a house o...read more

I am capable for this job due to my strong accounting background, attention to detail, and ability to analyze financial data effectively.

• I have a Bachelor's degree in Accounting and have completed relevant internships to gain practical experience.

• I have a strong attention to detail, ensuring accuracy in financial reports and statements.

• I am proficient in analyzing financial data and identifying trends to make informed ...read more

Shares and debentures are financial instruments used by companies to raise capital from investors.

• Shares represent ownership in a company and give the shareholder voting rights and a share in profits.

• Debentures are a type of bond that companies issue to raise funds. They pay a fixed rate of interest and have a maturity date.

• Shares are riskier than debentures as their value can fluctuate based on market conditions and c...read more

GST refers to Goods and Services Tax. RCM stands for Reverse Charge Mechanism. Entries for GST and RCM are important for accounting purposes.

• GST is a tax levied on the supply of goods and services.

• Input tax credit can be claimed for GST paid on purchases.

• Entries for GST include recording the tax collected and paid.

• RCM is applicable when the supplier is not registered under GST.

• RCM entries involve recording the tax liab...read more