IIT Bombay Account Assistant Interview Questions and Answers

Basic accounting questions
Basic journal entries and accounts

Q1. What is tds and how much percentage should be deducted?
Ans. 
TDS stands for Tax Deducted at Source. It is a tax collected by the government at the time of payment.
• TDS is a tax collected by the government at the time of payment.

• It is deducted from the income of the recipient.

• The percentage of TDS varies depending on the type of payment and the income of the recipient.

• For example, the TDS rate for salary income can range from 5% to 30% depending on the income slab.

• For rent payment...read more
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Q1. What is your ambition in this field
Ans. 
My ambition in this field is to become a certified accountant and eventually work my way up to a managerial position.
• Obtain certification as a Chartered Accountant

• Gain experience in various accounting roles

• Develop strong analytical and problem-solving skills

• Work towards a managerial position within the accounting department
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Q2. Can you explain differnt programms in accounts
Ans. 
Different programs in accounts include accounting software, payroll software, and tax preparation software.
• Accounting software helps in recording financial transactions and generating reports.

• Payroll software assists in managing employee salaries, benefits, and taxes.

• Tax preparation software simplifies the process of filing taxes accurately and efficiently.
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Q3. What is career advancement
Ans. 
Career advancement refers to the progression and growth in one's career through promotions, skill development, and increased responsibilities.
• Career advancement involves moving up the corporate ladder by taking on higher-level roles and responsibilities.

• It can also include acquiring new skills and certifications to enhance one's qualifications.

• Networking and building relationships within the industry can also contribut...read more
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Q4. What are your strengths
Ans. 
My strengths include attention to detail, strong organizational skills, and ability to work well under pressure.
• Attention to detail: I am meticulous in my work and always double-check my calculations to ensure accuracy.

• Strong organizational skills: I am able to prioritize tasks effectively and keep track of deadlines.

• Ability to work well under pressure: I thrive in fast-paced environments and can remain calm and focuse...read more
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Q5. What are your weakness
Ans. 
One of my weaknesses is that I can be overly critical of my own work.
• I tend to be a perfectionist and can spend too much time on a task trying to make it perfect.

• I sometimes struggle with delegating tasks to others because I want to ensure they are done correctly.

• I am working on improving my time management skills to prioritize tasks more effectively.
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Q1. WALK ME THROUGH YOUR RESUME
Ans. 
I have a Bachelor's degree in Accounting and 5 years of experience in financial reporting and analysis.
• Graduated with a Bachelor's degree in Accounting

• 5 years of experience in financial reporting and analysis

• Proficient in using accounting software such as QuickBooks and SAP
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Q2. TELL ME ABOUT YOURSELF
Ans. 
Experienced accountant executive with a strong background in financial analysis and reporting.
• Over 5 years of experience in accounting and finance

• Proficient in financial analysis and reporting

• Strong attention to detail and accuracy

• Excellent communication and interpersonal skills

• Managed a team of accountants to ensure timely and accurate financial reporting
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Q1. How many years of experience
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Q1. How would you describe a project plan?
Ans. 
A project plan is a detailed document that outlines the objectives, tasks, timelines, and resources required to complete a project.
• A project plan provides a roadmap for the project, outlining the steps and activities needed to achieve the project's goals.

• It includes a clear definition of project objectives, deliverables, and success criteria.

• The plan identifies the tasks and activities required, assigns responsibilitie...read more
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Q2. How would you creat an environment of collaboration on your team?
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Basic accounting questions
Basic journal entries and accounts

Q1. What is tds and how much percentage should be deducted?
Ans. 
TDS stands for Tax Deducted at Source. It is a tax collected by the government at the time of payment.
• TDS is a tax collected by the government at the time of payment.

• It is deducted from the income of the recipient.

• The percentage of TDS varies depending on the type of payment and the income of the recipient.

• For example, the TDS rate for salary income can range from 5% to 30% depending on the income slab.

• For rent payment...read more
Answered by AI
Add your answer