Kapil Chit Funds Account Assistant Interview Questions and Answers

Why should you do this job ?

Some questions related job and why interest in you this job.

Q1. What do you understand about Revenue Accounting
Ans. 
Revenue accounting involves recording and tracking all income earned by a company from its core business activities.
• Revenue accounting focuses on recognizing and recording revenue from sales, services, and other sources.

• It involves ensuring revenue is properly classified, measured, and reported in financial statements.

• Revenue recognition principles such as matching revenue with expenses and the realization principle ar...read more
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Q2. Any changes or improvements done by you in the last organisation
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Sales pitch for "Hunter"

Q1. How can you detect fraud in onboarding journey?
Ans. 
Fraud in onboarding journey can be detected through various methods such as background checks, verification processes, and monitoring of suspicious activities.
• Implement thorough background checks on new employees or clients to verify their identity and credentials.

• Utilize verification processes such as document verification, reference checks, and identity verification to ensure the authenticity of information provided.

• ...read more
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Q2. How is underwriting done?
Ans. 
Underwriting involves assessing risk and determining the terms of insurance policies.
• Underwriters evaluate the risk associated with insuring a particular individual or entity.

• They analyze factors such as age, health, occupation, and lifestyle to determine the likelihood of a claim.

• Underwriters also set the premium amount and coverage limits based on the risk assessment.

• They may use actuarial tables, statistical models,...read more
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Q1. Related To CV and Basic concept .
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Q1. Technical Round and current work related questions.
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Q1. About yourself and your achievements
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Q1. About accounting knowledge
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Accounting related questions, financial statements and p and l Ifrs

Q1. With the team lead mostly accounting related questions
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Q2. Intangible assets, effect of changes in forex ,asset accounting revenue accounting
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Q1. Is it your first job
Ans. 
No
• I have previous experience working as an Account Assistant for XYZ Company

• I have also completed internships in the accounting field

• I have a strong understanding of accounting principles and software
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Q2. What is your hobby ? What is your status and could you work here
Ans. 
My hobby is photography. I am currently employed as a freelance photographer and have experience working in various settings.
• Photography is my passion and I have been practicing it for several years.

• I have worked as a freelance photographer for weddings, events, and portraits.

• I have experience using professional camera equipment and editing software.

• I have a portfolio of my work that showcases my skills and creativity.

• ...read more
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Q1. How was the your frist experience in new accounts opening. What is the EMI...?
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Q1. Exactly how to crack New account opening...?
Ans. 
To crack new account opening, focus on building relationships, understanding client needs, offering tailored solutions, and providing excellent customer service.
• Build relationships with potential clients through networking and referrals.

• Understand the specific needs and pain points of each potential client.

• Offer tailored solutions that address the client's unique challenges and goals.

• Provide excellent customer service ...read more
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