Jenpro Infotech Financial Accountant Interview Questions and Answers

Q1. How can financial performance be evaluated?
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Q2. What is the nature of this financial problem?
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Q1. There are three branches of accounting
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The three branches of accounting are financial accounting, management accounting, and cost accounting.
• Financial accounting focuses on reporting financial information to external stakeholders.

• Management accounting involves providing financial information to internal management for decision-making.

• Cost accounting deals with analyzing and controlling costs within a company.

• Each branch serves a different purpose and audien
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Q2. Types of accounting golden rules
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The accounting golden rules are basic principles that guide the process of recording financial transactions.
• There are three types of accounting golden rules: Personal Account, Real Account, and Nominal Account.

• Personal Account: Debit the receiver, credit the giver. Example: When cash is received from a customer, cash account is debited.

• Real Account: Debit what comes in, credit what goes out. Example: Purchase of machin...read more
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Q3. What is the balance sheet
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The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
• It lists a company's assets, liabilities, and shareholders' equity.

• Assets are what the company owns, such as cash, inventory, and property.

• Liabilities are what the company owes, such as loans and accounts payable.

• Shareholders' equity represents the company's net worth, calculated as assets m...read more
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Q4. Trail Balance Definition
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business.
• It is used to ensure that the total debits equal the total credits in the accounting records.

• It is prepared at the end of an accounting period before the financial statements are prepared.

• Errors in recording or posting transactions can be identified by preparing a trial balance.

• Example: If the total debits and credits do ...read more
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Q5. What is the Working capital
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Working capital is the difference between a company's current assets and current liabilities.
• Working capital is a measure of a company's operational efficiency and short-term financial health.

• It represents the amount of liquid assets available to a company to fund its day-to-day operations.

• Formula: Working Capital = Current Assets - Current Liabilities

• Positive working capital indicates that a company has enough assets ...read more
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Q6. Defin depreciation and it types
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Depreciation is the allocation of the cost of an asset over its useful life.
• Depreciation is a non-cash expense that reduces the value of an asset over time.

• Types of depreciation include straight-line, double declining balance, units of production, and sum-of-the-years-digits.

• Straight-line depreciation evenly spreads the cost of an asset over its useful life.

• Double declining balance front-loads depreciation expenses.

• Uni...read more
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Q1. Dividend payable journal entry
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Q2. Shareholder expenses journal entry
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Q3. Income tax provision
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Q4. Goods purchased and discount received JE
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Q5. R&S, provision, prepaid, Accrued, Deferred Revenue. Meaning and journal entries
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Q6. GST input setoff entries
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Q1. Tell me self My name is sk mahammad rafi I am studying in mba My proper is andhrapradesh Gunter Playing game in cricket My hobi is reading books
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Coding is a logical reasoning it used to encrypt words in specific patterns. It have particular rules and regulations

Q1. What you know about computer? and how it works
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A computer is an electronic device that processes data and performs tasks based on instructions.
• A computer consists of hardware components such as a central processing unit (CPU), memory, and storage devices.

• It also includes software programs that enable the computer to perform specific tasks.

• Computers use binary code (0s and 1s) to represent and process data.

• They follow a fetch-decode-execute cycle to execute instruct...read more
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It is a one task it's allocated to someone as part of job or study

Q1. What you know about Hyderabad
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Q2. Difference between Hyderabad and your native place
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Q1. This Round usally taken by team reporting manager they will ask jd related questions
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Q2. Steps in recognition revenue, Revenue entries, Month end closures
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Steps in revenue recognition, revenue entries, and month-end closures for Financial Accountant role.
• Revenue recognition involves identifying the transaction, determining the amount of revenue to be recognized, and allocating the revenue to the appropriate period.

• Revenue entries are recorded in the general ledger and include debiting accounts receivable and crediting revenue accounts.

• Month-end closures involve reconcili...read more
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Q3. Deferred Revenue how you recognize the same
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Deferred revenue is recognized when the performance obligation is satisfied.
• Deferred revenue is recognized when the performance obligation is satisfied.

• It is recognized as revenue in the income statement.

• It is initially recorded as a liability on the balance sheet.

• Deferred revenue arises when a company receives payment for goods or services that have not yet been provided.

• Examples include subscription services, prepaid
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Q1. Techincwl round over all personal round with Vice president
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Q2. Hiw you recognize revenue in previous company, personal stuff
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Q3. Do you work late nights during quarter ends
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Q1. Why should u hirid you
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