ICA Edu Skills Interview Questions, Process, and Tips

PPT presentation on comparative analysis

Q1. Tell me little your introduction
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Q2. Why should hire you Company
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Q3. What is the balance sheet
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The balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
• It provides a snapshot of a company's financial position

• Assets are listed first, followed by liabilities and equity

• The equation Assets = Liabilities + Equity must always balance

• It is used by investors, creditors, and management to assess a company's financial health
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Q4. What is the bank reconciliation statement
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Bank reconciliation statement is a document that compares the bank statement with the company's records.
• It helps to identify any discrepancies between the two records.

• It includes items such as deposits in transit, outstanding checks, and bank errors.

• The goal is to ensure that the company's records match the bank's records.

• It is an important tool for detecting fraud or errors in accounting.

• Example: If a company records ...read more
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Q5. What is the GST and component
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GST stands for Goods and Services Tax, a value-added tax levied on the supply of goods and services in India.
• GST is a comprehensive indirect tax that replaced multiple indirect taxes in India.

• It is levied on the value addition at each stage of production or distribution.

• There are four components of GST: CGST, SGST, IGST, and UTGST.

• CGST and SGST are levied by the central and state governments, respectively, on intra-sta...read more
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Q6. What is a TDS and who is liable
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TDS stands for Tax Deducted at Source. It is a tax collection mechanism in India.
• TDS is a system where tax is deducted at the source of income itself.

• It is applicable to various types of income such as salary, interest, commission, rent, etc.

• The person who is making the payment is liable to deduct TDS and deposit it with the government.

• The rate of TDS varies depending on the type of income and the amount being paid.

• The...read more
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Q7. What is account receivable and account payable
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Accounts receivable is money owed to a company by its customers, while accounts payable is money a company owes to its suppliers.
• Accounts receivable is an asset on a company's balance sheet

• Accounts payable is a liability on a company's balance sheet

• Accounts receivable represents sales that have been made but not yet collected

• Accounts payable represents purchases that have been made but not yet paid for

• Examples of accou...read more
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Q8. What is the life goals
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My life goal is to continuously learn, grow, and make a positive impact on the world.
• To continuously learn and grow in my personal and professional life

• To make a positive impact on the world through my work and actions

• To build meaningful relationships with family, friends, and colleagues

• To achieve financial stability and security

• To travel and experience different cultures

• To maintain a healthy and active lifestyle
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Q9. What is a depreciation
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Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence or other factors.
• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet

• It is calculated based on the useful life of the asset and the method of depreciation chosen

• Examples of assets that are subject to depreciation include buildings, vehicles, and machinery
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Q10. What is the bookkeeping and accountancy
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Bookkeeping is the recording of financial transactions, while accountancy involves analyzing and interpreting financial data.
• Bookkeeping involves recording financial transactions such as sales, purchases, and payments.

• Accountancy involves analyzing and interpreting financial data to provide insights and make informed decisions.

• Bookkeeping is the foundation of accountancy, providing the data needed for analysis and inte...read more
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Q11. And tell me your family background
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Q1. Lest count of metric micro meter
Ans. 
A metric micrometer is typically measured in increments of 0.01 mm.
• Metric micrometers are commonly used in precision engineering and machining.

• The smallest count of a metric micrometer is usually 0.01 mm.

• For example, a metric micrometer may have a range of 0-25 mm with increments of 0.01 mm.
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Q2. Some examples of cutting tools
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Cutting tools are instruments used to cut materials such as wood, metal, or fabric.
• Scissors

• Utility knife

• Chainsaw

• Hacksaw

• Pruning shears
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Q1. Tell me about your self
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Q1. Tell me about yourself Why sales Why should we hire you What makes you different from other candidates What do you know about the company and the profile
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