IDBI Bank Accountant Interview Questions and Answers

Hard working is putting in a lot of effort and time, while smart working is finding efficient ways to achieve goals.

• Hard working involves dedicating long hours and putting in a lot of effort.

• Smart working involves finding innovative and efficient ways to complete tasks.

• Hard working may lead to burnout if not balanced with smart working.

• Smart working focuses on prioritizing tasks and utilizing resources effectively.

• Hard...read more

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

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

• The golden rules include the Personal Account, Real Account, and Nominal Account.

• Personal Account: Debit the receiver, credit the giver. For example, when cash is received from a customer, debit the cash account and credit the customer's account.

• Real Account: Debit what comes in, credit what goes out. For example, when ...read more

Modern rules of accounts refer to the updated accounting standards and practices that are used in the current business environment.

• Modern rules of accounts are based on the Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

• They emphasize on transparency, accuracy, and consistency in financial reporting.

• Modern rules of accounts also include the use of technology in ac...read more

Modern rules of balance sheet include presenting assets and liabilities in order of liquidity.

• Assets are listed in order of liquidity, with the most liquid assets listed first.

• Liabilities are also listed in order of liquidity, with the most immediate liabilities listed first.

• The balance sheet must balance, with total assets equaling total liabilities and equity.

• Intangible assets must be disclosed separately from tangib...read more