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Jss Pro Services Finance Executive Interview Questions, Process, and Tips

Updated 4 Feb 2024

Jss Pro Services Finance Executive Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Referral and was interviewed in Aug 2023. There was 1 interview round.

Round 1 - Technical 

(12 Questions)

  • Q1. What do you mean by GST?
  • Ans. 

    GST stands for Goods and Services Tax. It is a comprehensive indirect tax levied on the supply of goods and services.

    • GST is a single tax that replaced multiple indirect taxes in India.

    • It was implemented on July 1, 2017, with the aim of simplifying the tax structure and eliminating cascading effects.

    • GST is levied at every stage of the supply chain, from the manufacturer to the consumer.

    • It has different tax rates for dif...

  • Answered by AI
  • Q2. What is the journal entry for purchases?
  • Ans. 

    The journal entry for purchases involves debiting the Purchases account and crediting the Accounts Payable or Cash account.

    • Debit the Purchases account to record the cost of goods purchased

    • Credit the Accounts Payable account if the purchase is made on credit

    • Credit the Cash account if the purchase is made in cash

    • If applicable, include additional accounts such as Sales Tax Payable or Discounts

    • Example: Debit Purchases $10,

  • Answered by AI
  • Q3. Tell the entry with GST?
  • Ans. 

    The entry with GST refers to the recording of transactions involving the Goods and Services Tax.

    • GST is a value-added tax levied on the supply of goods and services in many countries.

    • When recording an entry with GST, the tax amount is typically added to the cost of the goods or services.

    • The entry should include the GST amount, the tax code, and the relevant accounts for recording the transaction.

    • For example, if a compan...

  • Answered by AI
  • Q4. Instead of purchases if it is consultancy service then what is the Journal entry?
  • Ans. 

    The journal entry for consultancy services instead of purchases

    • Debit the Consultancy Expense account

    • Credit the Accounts Payable or Cash account

    • If the consultancy service is prepaid, debit the Prepaid Consultancy Expense account

    • If the consultancy service is received but not yet paid, credit the Accrued Consultancy Expense account

  • Answered by AI
  • Q5. What is TDS 194C?
  • Ans. 

    TDS 194C refers to Tax Deducted at Source under section 194C of the Income Tax Act.

    • TDS 194C is applicable to payments made to contractors and sub-contractors for carrying out any work.

    • The rate of TDS under section 194C is 1% for individuals and Hindu Undivided Families (HUF) and 2% for others.

    • The threshold limit for TDS deduction under section 194C is Rs. 30,000 for single payment and Rs. 1,00,000 for aggregate payment...

  • Answered by AI
  • Q6. What is TDS 194I?
  • Ans. 

    TDS 194I is a section of the Indian Income Tax Act that deals with the deduction of tax at source on rental income.

    • TDS 194I applies to individuals or entities making rental payments above a specified threshold.

    • The person making the payment is required to deduct a certain percentage as tax and remit it to the government.

    • The current rate of TDS under section 194I is 10% for rent of land, building, or furniture and 2% for...

  • Answered by AI
  • Q7. What is TDS 194J?
  • Ans. 

    TDS 194J refers to the tax deduction at source on professional or technical services.

    • TDS 194J is a provision under the Indian Income Tax Act.

    • It requires the deduction of tax at source on payments made for professional or technical services.

    • The rate of TDS for 194J is generally 10%.

    • The person making the payment is responsible for deducting the tax and depositing it with the government.

    • The recipient of the payment can cl...

  • Answered by AI
  • Q8. What is the rate for 194C?
  • Ans. 

    The rate for 194C is 1% for payments made to contractors or sub-contractors for carrying out any work.

    • The rate for 194C is applicable for payments made to contractors or sub-contractors for carrying out any work.

    • The rate is 1% of the total payment amount.

    • This provision is under the Indian Income Tax Act.

  • Answered by AI
  • Q9. What is the limit for 194C?
  • Ans. 

    The limit for 194C is Rs. 30,000 for a single payment and Rs. 1,00,000 in aggregate during a financial year.

    • The limit for 194C is applicable for payments made to contractors and sub-contractors for carrying out any work.

    • If the payment to a single contractor or sub-contractor exceeds Rs. 30,000 in a single transaction, TDS (Tax Deducted at Source) needs to be deducted at the rate of 1%.

    • If the total payments made to a co...

  • Answered by AI
  • Q10. What do you mean by depreciation?
  • Ans. 

    Depreciation refers to the decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors.

    • Depreciation is a non-cash expense that is recorded on the income statement.

    • It is used to allocate the cost of an asset over its useful life.

    • There are various methods of calculating depreciation, such as straight-line, declining balance, and sum-of-the-years'-digits.

    • Depreciation is important for f...

  • Answered by AI
  • Q11. What is the rate of depreciation to be deducted?
  • Ans. 

    The rate of depreciation to be deducted depends on the asset's useful life and the chosen depreciation method.

    • The rate of depreciation is determined by dividing the cost of the asset by its useful life.

    • Different depreciation methods, such as straight-line, declining balance, or units of production, may result in different rates of depreciation.

    • For example, if a company purchases a machine for $10,000 with a useful life...

  • Answered by AI
  • Q12. Tell me the golden rules?
  • Ans. 

    The golden rules in finance are principles that guide financial decision-making and management.

    • Spend less than you earn

    • Diversify your investments

    • Save for emergencies

    • Avoid unnecessary debt

    • Plan for retirement

    • Monitor and manage your credit score

  • Answered by AI

Interview Preparation Tips

Topics to prepare for Jss Pro Services Finance Executive interview:
  • Finance
Interview preparation tips for other job seekers - Learn Finance

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Jan 2024. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Read derivatives especially options

Interview Preparation Tips

Interview preparation tips for other job seekers - Technical Analysis and derivatives questions
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
No response

I applied via Campus Placement and was interviewed in Jan 2024. There were 3 interview rounds.

Round 1 - Aptitude Test 

Questions about Basic finance and overall like any CET exams questions

Round 2 - Group Discussion 

Easy as you will get chance to talk about your views on topic given by interviewer

Round 3 - HR 

(3 Questions)

  • Q1. Tell me about Yourself
  • Q2. Tell me About projects you have done
  • Q3. What you have done in your internship

Interview Preparation Tips

Interview preparation tips for other job seekers - Important thing is prepare you CV. They will asked questions only on your CV. So write all things currently that you can explain.
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before May 2023. There were 2 interview rounds.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Explain trade life cycle?
  • Ans. 

    Trade life cycle refers to the stages involved in a trade from initiation to settlement.

    • Trade initiation: Trade is proposed and agreed upon by parties involved.

    • Trade execution: Trade is executed on the agreed terms.

    • Trade confirmation: Parties confirm the details of the trade.

    • Trade settlement: Payment and transfer of securities are completed.

    • Trade reconciliation: Ensuring all details match between parties' records.

    • Trade...

  • Answered by AI
  • Q2. What is ISDA and the components comprised in master agreement?
  • Ans. 

    ISDA is International Swaps and Derivatives Association. Components of master agreement include terms for governing transactions, events of default, and termination provisions.

    • ISDA stands for International Swaps and Derivatives Association

    • Components of master agreement include terms for governing transactions

    • Events of default are outlined in the master agreement

    • Termination provisions are also included in the master agr

  • Answered by AI
Round 2 - One-on-one 

(2 Questions)

  • Q1. Why are you leaving your current organisation?
  • Q2. Explain your current process?

Interview Preparation Tips

Interview preparation tips for other job seekers - Study and prepare properly about the job description. Even though you have no work experience in that field, you get the overview of it. Be aware of what is in your resume and explain briefly about the same.

Interview Preparation Tips

Round: Resume Shortlist
Experience: Students were shortlisted based on resume. Around twenty students were selected.

Round: Other Interview
Experience: Selected students for the first round of interview in which they asked puzzles/probability questions and tough HR questions.

Round: HR Interview
Experience: Four students were selected for the final round of interview out of which three landed the job. Final round was a very general HR round.

General Tips: No preparation is required but you could solve some common puzzles. It was very relaxed and the interviewers were very supportive. The main challenge was giving convincing answers to the HR questions.It's the best management job on campus!! Give your best! I'll be glad to help if any of you have queries.
Skill Tips: Make a very professional resume. Also for the interview, they do not expect you to know any finance so please do not claim to know finance and fumble when they question you (some guys were not selected because of this). I was upfront and told them that I lack any sort of knowledge in finance so I was asked only a few puzzles and some challenging HR questions.
College Name: NIT SURATHKAL

Interview Questionnaire 

1 Question

  • Q1. Probability and Logical puzzles

Interview Preparation Tips

Round: Resume Shortlist
Experience: The company shortlisted based on resume and GPA. Around 20 were shortlisted.

Round: Technical Interview
Experience: After that they held a technical round wherein they asked mainly probability and logical puzzles. Theinterview was 10 to 15 mins long.

Round: HR Interview
Experience: The next round, for which five or so were shortlisted, was one in which they asked about your drive, your good and your bad, why finance, why this job, and other such questions. All the interviewers were present and this lasted for 15 minutes. Finally only 3 were given the offer.

General Tips: Look formal and energetic. Look them in the eye while answering, be courteous and practice thinking loudly. Think about what you would say when they ask you why you want to move to finance, and whythey should take you and not the others. It is not a tough one to crack. All you need is to be confident, polite and frank.
Skill Tips: Prepare your resume tailored to the company. Study up probability and tricky questions on it. They asked me a question on Russian roulette. Prepare for puzzles online.
College Name: NIT SURATHKAL
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Jan 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(3 Questions)

  • Q1. Self introduction and working history
  • Q2. Tell about your work and educational history
  • Q3. What is your educational background

Interview Preparation Tips

Interview preparation tips for other job seekers - Go fearless , very good pi round , tell what you can do business for organization
Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Newspaper Ad and was interviewed in Sep 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

Normal test arithmetical logic and gk

Round 3 - HR 

(2 Questions)

  • Q1. Salary expectations job nature
  • Q2. Experience banking and nbfc Experience preferred
  • Ans. 

    Yes, I have experience in both banking and NBFC sectors.

    • I have worked as a Branch Manager in a leading bank for 5 years.

    • I have also worked as a Relationship Manager in an NBFC for 2 years.

    • During my tenure, I have gained expertise in managing customer relationships, loan processing, and credit analysis.

    • I have a thorough understanding of the regulatory framework governing both banking and NBFC sectors.

  • Answered by AI

Interview Preparation Tips

Topics to prepare for Icl Fincorp Branch Manager interview:
  • Retail Banking
  • NBFC
Interview preparation tips for other job seekers - 100% job guarantee sales type job strict timing biometric attendence
Interview experience
4
Good
Difficulty level
Easy
Process Duration
4-6 weeks
Result
Not Selected

I applied via Company Website and was interviewed in Sep 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - HR 

(2 Questions)

  • Q1. How much experience in nbfc
  • Q2. Please interduce your self
  • Ans. My self gangadhar sahoo.I lives in puri and my educational Qualification is BA pass with economic honour.
  • Answered Anonymously

Interview Preparation Tips

Interview preparation tips for other job seekers - I Don't have keep gap my career and learn about important talk our senior person
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Apna Jobs and was interviewed in Nov 2024. There was 1 interview round.

Round 1 - HR 

(2 Questions)

  • Q1. Can you tell me about yourself?
  • Ans. 

    Experienced branch manager with a proven track record of driving sales and leading teams to success.

    • Over 10 years of experience in banking and financial services

    • Successfully managed a team of 20+ employees at previous branch

    • Implemented strategies that increased branch revenue by 15% in one year

    • Strong leadership and communication skills

    • Passionate about developing employees and fostering a positive work environment

  • Answered by AI
  • Q2. What were your achievements in your previous company?
  • Ans. 

    I successfully led a team to exceed sales targets by 20% and implemented new strategies to improve customer satisfaction.

    • Exceeded sales targets by 20%

    • Implemented new strategies to improve customer satisfaction

    • Led a team to success

  • Answered by AI

Jss Pro Services Interview FAQs

How many rounds are there in Jss Pro Services Finance Executive interview?
Jss Pro Services interview process usually has 1 rounds. The most common rounds in the Jss Pro Services interview process are Technical.
What are the top questions asked in Jss Pro Services Finance Executive interview?

Some of the top questions asked at the Jss Pro Services Finance Executive interview -

  1. Instead of purchases if it is consultancy service then what is the Journal entr...read more
  2. What is the rate of depreciation to be deduct...read more
  3. What is the journal entry for purchas...read more

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Jss Pro Services Finance Executive Interview Process

based on 1 interview

Interview experience

4
  
Good
View more
Jss Pro Services Finance Executive Salary
based on 10 salaries
₹2.1 L/yr - ₹5 L/yr
13% less than the average Finance Executive Salary in India
View more details

Jss Pro Services Finance Executive Reviews and Ratings

based on 4 reviews

3.8/5

Rating in categories

3.0

Skill development

3.9

Work-life balance

3.5

Salary

3.1

Job security

3.9

Company culture

2.8

Promotions

3.5

Work satisfaction

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