Kay Nitroxygen Accounts Officer Interview Questions and Answers

Responsible business operations and informs many decisions businesses make. If you want to maximize revenue, you might benefit from reviewing the idea of cash on hand. In this article, we define cash on hand, review the differences between it and petty cash and list some tips to help you maintain the right amount of cash on hand.

Q1. Tell me about yourself.
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Q2. What is the full form HDFC bank ?
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Q3. Who is the CEO of HDFC Bank ?
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Q4. Why do you choose HDFC Bank .?
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Q1. What do you know about accurals
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Accruals are adjustments made to financial statements to ensure that revenues and expenses are recognized in the period they are earned or incurred, regardless of when cash is exchanged.
• Accruals help in matching revenues and expenses to the period in which they are incurred, providing a more accurate representation of a company's financial position.

• Examples of accruals include accrued salaries, accrued interest, and ac...read more
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Q2. Revenue expenditure and capital expenditure
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Q1. What is Accounts payable
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Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable represents a company's short-term debt obligations to its suppliers or vendors.

• It is listed as a current liability on the company's balance sheet.

• Accounts payable is typically settled within a short period, often within 30 to 60 days.

• Examples of accounts payable include invoices ...read more
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Q2. What is PO and Non PO & what is 2 way and 3 way match
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PO stands for Purchase Order, Non PO refers to transactions without a Purchase Order. 2 way match involves matching the invoice with the PO, while 3 way match involves matching the invoice, PO, and receiving report.
• PO (Purchase Order) is a document issued by a buyer to a seller, outlining the products or services to be purchased.

• Non PO transactions are purchases made without a formal Purchase Order.

• 2 way match is the p...read more
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Q1. What is angular
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Angular is a popular front-end framework for building dynamic web applications.
• Angular is developed and maintained by Google.

• It uses TypeScript for building applications.

• Angular provides features like data binding, dependency injection, and routing.

• It follows the component-based architecture.

• Angular has a large community and ecosystem of libraries and tools.

• Examples of popular Angular applications include Gmail and Pay
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Q2. What is class and polymorphism
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Class is a blueprint for creating objects in object-oriented programming, while polymorphism allows objects of different classes to be treated as objects of a common superclass.
• Class is a template for creating objects with attributes and methods.

• Polymorphism allows objects of different classes to be treated as objects of a common superclass.

• Example: Animal is a superclass, Dog and Cat are subclasses. Both Dog and Cat c
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Q1. Journal entry for prepaid expenses
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Journal entry for prepaid expenses involves debiting Prepaid Expense account and crediting Cash or Bank account.
• Prepaid expenses are expenses paid in advance but not yet incurred.

• To record prepaid expenses, debit the Prepaid Expense account and credit Cash or Bank account.

• Example: Journal entry for prepaid rent of $1,200 would be: Debit Prepaid Rent $1,200 and Credit Cash/Bank $1,200.
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Q2. Journal entry for dividend
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Journal entry for dividend involves debiting retained earnings and crediting dividends payable or cash account.
• Debit retained earnings to decrease equity

• Credit dividends payable or cash account to show payment to shareholders

• Dividends are not an expense, but a distribution of profits

• Journal entry: Debit Retained Earnings, Credit Dividends Payable or Cash
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Q1. Tell me about yourself
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Q1. Tell me about yourself
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Q2. This question is usually the first question in an interview, and it is a way to break the ice. You should answer this question by giving a brief overview of your education, work experience, and skills. You...read more
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Q1. What is the journal entry for accounts payable
Ans. 
The journal entry for accounts payable is a credit to accounts payable and a debit to the corresponding expense or asset account.
• Accounts payable is a liability account that represents the amount owed to suppliers or vendors for goods or services received.

• When recording the journal entry for accounts payable, the accounts payable account is credited to increase the liability.

• The corresponding expense or asset account i...read more
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Q2. What is the journal entries for acvounts recievable
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Journal entries for accounts receivable record the increase and decrease in the amount owed by customers.
• When a sale is made on credit, the journal entry debits accounts receivable and credits sales revenue.

• When a customer makes a payment, the journal entry debits cash and credits accounts receivable.

• If a customer returns goods, the journal entry debits sales returns and allowances and credits accounts receivable.

• If an...read more
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