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10+ Infosys Accountant Interview Questions and Answers

Updated 5 Feb 2024

Q1. What is accountant and how many basic rules are there

Ans.

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

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Q2. Is there an entry for purchase sales?

Ans.

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

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Q3. What is ledger. And how many types in there

Ans.

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.

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Q4. How do you make sure a journal is correct

Ans.

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

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Q5. Cane you improve my company business

Ans.

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

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Q6. Self introduction what is accounting classification of accounting

Ans.

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

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Q7. What do you know about the account?

Ans.

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

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Q8. Journal entry for accrued expenses

Ans.

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

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Q9. Explain the fixed asset cycle

Ans.

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

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Q10. Last working campany

Ans.

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

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Q11. Which type of grop

Ans.

I'm sorry, but the question seems to be incomplete. Could you please provide more context?

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    Q12. You have any techinical skills

    Ans.

    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

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    Q13. Any advantages

    Ans.

    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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    Interview Process at Infosys Accountant

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    5 Interview rounds
    Personal Interview1 Round - 1
    HR Round
    Aptitude Test Round
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    Personal Interview1 Round - 2
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