Johnson & Johnson Accounts Manager Interview Questions and Answers

Q1. What is Balance sheet?
Add your answer
Q2. Difference between the Debit and Credit ?
Add your answer
Q3. Tell me about yourself?
Add your answer
Q4. Tell me about your internship experience?
Add your answer
Q5. Tell me about MS Excel, vlookup, how to use?
Add your answer

Q1. Regarding p&l account
Add your answer
Q2. Journal entries of reconciliation
Ans. 
Journal entries of reconciliation involve adjusting entries to ensure the balance in the general ledger matches the bank statement.
• Reconciliation involves comparing the transactions in the bank statement with those in the general ledger.

• Adjusting entries are made to correct any discrepancies between the two records.

• Common adjusting entries include recording bank fees, interest income, outstanding checks, and deposits i...read more
Answered by AI
Add your answer

Q1. Basic details of mine
Add your answer
Q2. Reason for joining the volvo
Add your answer

Q1. Tell about Account payables
Ans. 
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable is a liability on the balance sheet.

• It represents the amount of money a company owes for goods or services received but not yet paid for.

• Accounts payable is typically recorded when an invoice is received from a supplier.

• It is an important aspect of managing a company's cash flow ...read more
Answered by AI
Add your answer
Q2. What is fixed Assets
Ans. 
Fixed assets are long-term tangible assets that are used in the production of goods or services and are not intended for sale.
• Fixed assets are physical assets like buildings, machinery, vehicles, and equipment.

• They are used by a company for more than one accounting period.

• Fixed assets are not intended for sale in the normal course of business.

• They are recorded on the balance sheet at their original cost minus accumulat...read more
Answered by AI
Add your answer
Q3. How to capitalise you plant
Ans. 
To capitalise a plant, you can allocate costs associated with acquiring, constructing, or improving the plant as assets on the balance sheet.
• Determine the cost of the plant, including purchase price, installation costs, and any other costs directly related to getting the plant ready for use.

• Record the plant as a fixed asset on the balance sheet, categorising it appropriately based on its useful life and depreciation me...read more
Answered by AI
Add your answer

Basic questions related to the aptitude and Grammar

Q1. About my skills and qualifications
Add your answer

Q1. Define meaning of finance
Ans. 
Finance refers to the management of money and investments.
• Finance involves the allocation, acquisition, and utilization of funds.

• It includes activities such as budgeting, financial planning, and investment analysis.

• Finance helps individuals and organizations make informed decisions about money.

• Examples of finance include managing personal savings, analyzing company financial statements, and evaluating investment opport
Answered by AI
View 1 more answer
Q2. What dose working capital means
Ans. 
Working capital refers to the funds available for a company's day-to-day operations and is calculated by subtracting current liabilities from current assets.
• Working capital is a measure of a company's liquidity and ability to meet short-term obligations.

• It represents the difference between a company's current assets (such as cash, inventory, accounts receivable) and its current liabilities (such as accounts payable, sh...read more
Answered by AI
View 1 more answer
Q3. Explain a cash flow statement
Ans. 
A cash flow statement is a financial statement that shows the inflows and outflows of cash in a company over a specific period of time.
• It provides information about the cash generated from operating activities, investing activities, and financing activities.

• Operating activities include cash received from sales, payment to suppliers, and payment to employees.

• Investing activities include cash used for purchasing or selli...read more
Answered by AI
View 1 more answer
Q4. What is an fare value
Ans. 
Fair value is the estimated price at which an asset or liability would be exchanged between knowledgeable and willing parties in an arm's length transaction.
• Fair value is used in accounting to determine the value of assets and liabilities on a company's balance sheet.

• It is based on market prices or other objective measures of value.

• Fair value is important for financial reporting and decision-making.

• Examples of assets t...read more
Answered by AI
Add your answer
Q5. Fair value refers to the estimate of the potential market price of an asset, goods or services. The fair value of an asset is the amount at which you can buy or sell the asset in a current transaction betw...read more
Add your answer
Q6. What do you mean by Secondary market
Ans. 
Secondary market refers to the buying and selling of securities that have already been issued.
• It is also known as aftermarket

• Investors buy and sell securities among themselves without the involvement of the issuing company

• Examples include stock exchanges, bond markets, and futures markets
Answered by AI
View 1 more answer
Q7. Secondary market is were people trade securities that have been offered to the public in the primary market before hand and are listed on the stock exchange. The secondary market is also known as the after...read more
Add your answer
Q8. Explain about deferred Tax liability
Ans. 
Deferred tax liability is a tax obligation that a company will have to pay in the future due to temporary differences between accounting and tax rules.
• It arises when there is a difference between the tax base of an asset or liability and its carrying amount in the financial statements

• It is calculated by multiplying the temporary difference by the applicable tax rate

• It is a non-current liability that is expected to be s...read more
Answered by AI
Add your answer
Q9. Deferred Tax liability is the amount the company hasn't paid yet to the tax department but is expecting to pay it in future. It happens when company tax expenses are lesser than the amount they reflect in ...read more
Add your answer

Q1. What is the Job Role In Your Company
Ans. Accountant In Tally with computer operator
Answered Anonymously
View 1 more answer
Q2. Why is the resign Your Previous Job
Add your answer