Indio Networks Executive Accountant Interview Questions and Answers

Q1. Normal standered and GST related questions
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Q2. How to reconcile 3b
Ans. 
Reconciling 3b involves comparing financial records to ensure accuracy and consistency.
• Review all transactions related to 3b in the financial statements

• Check for any discrepancies or errors in the records

• Ensure that all entries are properly classified and accounted for

• Compare the 3b balance to supporting documentation or previous periods for consistency
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Q3. How to reconcile returns
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Returns reconciliation involves comparing sales records with returned items to ensure accuracy.
• Compare sales records with return records to identify discrepancies

• Investigate reasons for returns and ensure proper documentation

• Adjust inventory and financial records accordingly

• Communicate with customers and vendors to resolve any issues

• Use accounting software to streamline the reconciliation process
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Q4. Account principle
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Q5. Other normal slandered related question
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Q1. What do you mean by leases
Ans. 
Leases refer to agreements where one party allows another party to use an asset in exchange for periodic payments.
• Leases involve a lessor (owner of the asset) and a lessee (user of the asset).

• There are two main types of leases: operating leases and finance leases.

• Operating leases are typically short-term and do not transfer ownership of the asset.

• Finance leases are long-term and transfer most of the risks and rewards o...read more
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Q2. What do you meant by financial and operating lease
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Financial lease is a long-term lease where the lessee has ownership benefits, while operating lease is a short-term lease where the lessor retains ownership.
• Financial lease is a type of lease where the lessee has the benefits and risks of ownership, typically for the majority of the asset's useful life.

• Operating lease is a type of lease where the lessor retains ownership of the asset and the lessee uses it for a shorte...read more
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Q1. Asked my profile
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Q2. I was explained to them
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Q3. Need some english to speak to them
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Q4. Please to speck in english because you need to talk with african people
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Q1. How will you collect money when client is not answering calls or email?
Ans. 
I will try to reach out through other communication channels and escalate the issue if necessary.
• Attempt to contact the client through alternative methods such as text message or social media.

• Reach out to any other contacts provided by the client for emergencies.

• If all attempts fail, escalate the issue to a higher authority within the company for further action.
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Q2. Difference between Revenue and income
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Revenue is the total amount of money generated by a business through its operations, while income is the profit earned after deducting expenses from revenue.
• Revenue is the total amount of money generated by a business from its sales of goods or services.

• Income is the profit earned by a business after deducting expenses such as salaries, rent, and utilities from revenue.

• Revenue is the top line of the income statement, w...read more
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Question was Good
Asked question about aptitude

Question was okay
Asked question on c and java

Q1. Job type and other details shared
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Q1. Interview was easy. about Networking related questions
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Q2. OSI layers model
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Q1. What is DNS and explain
Ans. 
DNS stands for Domain Name System, which translates domain names to IP addresses.
• DNS is like a phone book for the internet, translating human-readable domain names (like google.com) to IP addresses (like 172.217.3.206).

• It helps users access websites by typing in easy-to-remember domain names instead of complex IP addresses.

• DNS servers store records of domain names and their corresponding IP addresses, allowing for effi...read more
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Q2. What is the difference between wifi and Bluetooth
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Wifi is used for high-speed internet access over a larger area, while Bluetooth is used for short-range communication between devices.
• Wifi is used for connecting devices to the internet wirelessly over a larger area

• Bluetooth is used for short-range communication between devices, typically within a range of 30 feet

• Wifi typically offers faster data transfer speeds compared to Bluetooth

• Wifi requires a network access point...read more
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