IIT Delhi Accountant Interview Questions and Answers

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

Experienced accountant with a strong background in financial analysis and reporting.

• Over 5 years of experience in accounting roles

• Proficient in financial statement preparation and analysis

• Skilled in budgeting and forecasting

• Strong knowledge of GAAP and financial regulations

• Excellent communication and problem-solving skills

I reconcile bank statements by comparing the transactions on the statement with my records.

• Obtain the bank statement and compare it with your records

• Check for any discrepancies or errors

• Adjust your records accordingly

• Ensure that the ending balance on the statement matches your records

• Document the reconciliation process for future reference

TDS stands for Tax Deducted at Source, which is a tax collection mechanism in India.

• TDS is a tax collection mechanism in India where the payer deducts a certain percentage of tax from the payment made to the payee.

• The deducted tax is then deposited with the government on behalf of the payee.

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

• The rate of TDS varies depending on...read more