
Infosys

10+ Infosys Accountant Interview Questions and Answers
Q1. What is accountant and how many basic rules are there
An accountant is a professional who manages financial records and prepares financial reports. There are basic rules of accounting.
Accountants manage financial records and prepare financial reports
Basic rules of accounting include the accounting equation, double-entry accounting, and the matching principle
Accountants must follow generally accepted accounting principles (GAAP) and maintain ethical standards
Examples of accounting tasks include bookkeeping, tax preparation, and f...read more
Q2. Is there an entry for purchase sales?
Yes, there is an entry for purchase sales.
The entry for purchase sales is a double-entry accounting system.
The purchase is recorded as a debit to the inventory account and a credit to the accounts payable account.
The sale is recorded as a credit to the sales account and a debit to the accounts receivable account.
The cost of goods sold is recorded as a debit to the cost of goods sold account and a credit to the inventory account.
Examples include recording the purchase of inven...read more
Q3. What is ledger. And how many types in there
A ledger is a book or computer program used to record financial transactions. There are two types of ledgers: general and subsidiary.
A ledger is used to keep track of financial transactions.
It can be in the form of a physical book or a computer program.
There are two types of ledgers: general and subsidiary.
The general ledger contains all the financial transactions of a company.
The subsidiary ledger contains specific accounts, such as accounts receivable or accounts payable.
Q4. How do you make sure a journal is correct
To ensure a journal is correct, one must verify accuracy, completeness, and proper documentation.
Verify that all transactions are accurately recorded in the journal
Ensure that the journal is complete and includes all necessary entries
Check that each entry is properly documented with supporting evidence
Reconcile the journal with other financial records to identify any discrepancies
Perform regular reviews and audits to maintain accuracy and integrity
Q5. Cane you improve my company business
Yes, I can improve your company's business by analyzing financial data, identifying areas of improvement, and implementing cost-saving measures.
Conduct a thorough analysis of financial data to identify areas of improvement
Implement cost-saving measures such as reducing unnecessary expenses
Develop and implement a strategic financial plan to increase revenue
Provide regular financial reports to track progress and make necessary adjustments
Offer advice on tax planning and complia...read more
Q6. Self introduction what is accounting classification of accounting
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
Classification of accounting includes financial accounting, management accounting, tax accounting, and auditing.
Financial accounting involves recording and reporting financial transactions for external stakeholders.
Management accounting involves providing financial information to internal stakeholders to aid in decision...read more
Q7. What do you know about the account?
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
Accounting involves recording financial transactions
It includes classifying and summarizing financial data
The information is used to make business decisions
Examples of financial transactions include sales, purchases, and expenses
Q8. Journal entry for accrued expenses
Accrued expenses are expenses that have been incurred but not yet paid for.
Debit the expense account for the amount of the expense
Credit the accrued liability account for the same amount
Adjust the entry when the expense is paid
Example: Journal entry for $1,000 of accrued salaries: Debit Salaries Expense $1,000, Credit Salaries Payable $1,000
Q9. Explain the fixed asset cycle
The fixed asset cycle refers to the process of acquiring, using, maintaining, and disposing of fixed assets.
Acquiring fixed assets through purchase or construction
Using fixed assets in business operations
Maintaining fixed assets through repairs and upgrades
Disposing of fixed assets through sale or retirement
Tracking fixed assets through an asset register
Examples include buildings, machinery, and vehicles
Q10. Last working campany
My last working company was XYZ Corporation.
Worked as an accountant for 2 years
Managed financial statements and reports
Collaborated with cross-functional teams for budget planning
Implemented cost-saving measures resulting in 10% reduction in expenses
Q11. Which type of grop
I'm sorry, but the question seems to be incomplete. Could you please provide more context?
Q12. You have any techinical skills
Yes, I have technical skills in various accounting software and Microsoft Excel.
Proficient in QuickBooks and Xero accounting software
Skilled in Microsoft Excel for financial analysis and reporting
Familiar with SAP and Oracle financial systems
Experience in data migration and system implementation
Ability to troubleshoot and resolve technical issues
Q13. Any advantages
Yes, there are several advantages of being an accountant.
Stable and in-demand career
Opportunities for growth and advancement
Ability to work in various industries
High earning potential
Opportunity to work independently or as part of a team
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