Indianfisher Executive Accountant Interview Questions and Answers

Q1. Why should we hire you?
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Q1. Tell me about your self
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Q2. What is TDS with explain
Ans. 
TDS stands for Tax Deducted at Source. It is a tax collection mechanism in India.
• TDS is a way of collecting tax at the source of income.

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

• The person making the payment deducts a certain percentage of tax and deposits it with the government.

• The deducted amount is reflected in the Form 16/16A which is issued to the person receiving ...read more
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Q3. What is GST and GSt return
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GST is a value-added tax levied on goods and services in India. GST return is a document containing details of income, tax paid, and refund claimed.
• GST stands for Goods and Services Tax

• It is a single tax levied on the supply of goods and services

• It replaced multiple indirect taxes like VAT, excise duty, service tax, etc.

• GST return is a document filed by registered taxpayers containing details of their income, tax paid,...read more
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Q4. What is ERP with explain
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ERP stands for Enterprise Resource Planning. It is a software system that integrates all aspects of a business's operations.
• ERP helps businesses streamline their processes and improve efficiency

• It includes modules for finance, human resources, inventory management, and more

• Examples of ERP systems include SAP, Oracle, and Microsoft Dynamics

• ERP can be customized to fit the specific needs of a business

• It provides real-tim...read more
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Q1. About Yourself About Company
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Q2. Why we hire you Whats your interest
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Q1. Bank reconciliation
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Q2. Accruals , amortization
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Q1. Introduce yourself?
Ans. 
Experienced Account Executive with a proven track record of driving sales and building strong client relationships.
• Over 5 years of experience in sales and account management

• Consistently exceeded sales targets by 20% each quarter

• Strong communication and negotiation skills

• Managed key accounts such as XYZ Company and ABC Corporation
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Q2. What is your strength and weaknesses?
Ans. 
Strength: Strong communication skills. Weakness: Overthinking.
• Strength: Effective communication with clients and team members.

• Strength: Ability to build strong relationships and trust.

• Weakness: Tendency to overthink situations and decisions.

• Weakness: Struggle with delegating tasks and trusting others to complete them.

• Weakness: Difficulty in saying no to additional responsibilities.
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Q1. What is two way matching and three way matching?
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Two way matching and three way matching are methods used in accounting to ensure accuracy in financial transactions.
• Two way matching involves comparing the invoice from a vendor with the purchase order to ensure the prices and quantities match.

• Three way matching adds the additional step of comparing the received goods to the purchase order and invoice to ensure all three documents match.

• These matching processes help pr...read more
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Q2. What is standard Po and Blanket Po?
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Standard PO is a one-time purchase order for a specific quantity of goods or services, while Blanket PO is a long-term agreement for multiple purchases over a period of time.
• Standard PO is used for one-time purchases of a specific quantity of goods or services.

• Blanket PO is a long-term agreement for multiple purchases over a period of time.

• Standard PO typically has a set expiration date, while Blanket PO may cover mult...read more
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