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Khan & Associates Accountant Interview Questions, Process, and Tips

Updated 28 Nov 2021

Khan & Associates Accountant Interview Experiences

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Accountant Interview Questions & Answers

user image Anonymous

posted on 24 Nov 2021

Interview Questionnaire 

6 Questions

  • Q1. What are the golden rules of accounts
  • Ans. 

    The golden rules of accounts are basic principles that guide the recording of financial transactions.

    • The first golden rule is the Personal Account rule, which states that debit the receiver and credit the giver.

    • The second golden rule is the Real Account rule, which states that debit what comes in and credit what goes out.

    • The third golden rule is the Nominal Account rule, which states that debit all expenses and losses

  • Answered by AI
  • Q2. How to make the cash sales and purchase
  • Ans. 

    Cash sales and purchases can be made by following a simple process.

    • Record the transaction in a cash register or accounting software

    • Ensure that the transaction is properly categorized as a sale or purchase

    • Keep track of the date, amount, and any relevant details such as customer or vendor information

    • Reconcile the cash register or accounting software with bank statements to ensure accuracy

  • Answered by AI
  • Q3. We need to make journal entries for cash sales ( Cash A/c Dr to Sales A/c and for Cash Purchase (Purchase A/c Dr to Cash A/c.
  • Q4. What is the receipt entry.
  • Ans. 

    Receipt entry is the recording of a financial transaction when a company receives payment from a customer.

    • Receipt entry is used to document the inflow of cash or other forms of payment.

    • It involves recording the date, amount received, customer name, and the account to which the payment is credited.

    • Receipt entries are typically made in the company's accounting software or ledger.

    • They help in tracking and reconciling cust...

  • Answered by AI
  • Q5. How to make the payment entry against purchase.
  • Ans. 

    To make a payment entry against a purchase, you need to record the payment details in the accounting system.

    • Identify the purchase transaction that needs to be paid

    • Record the payment details such as payment date, payment method, and amount

    • Allocate the payment to the appropriate purchase account or vendor

    • Update the accounts payable balance to reflect the payment

    • Ensure proper documentation and reconciliation of the paymen

  • Answered by AI
  • Q6. Tell me cash withdrawal and deposit entry.
  • Ans. 

    Cash withdrawal and deposit entries are recorded in the cash book to track the movement of cash in and out of the business.

    • Cash withdrawal entry involves debiting the cash account and crediting the relevant expense or liability account.

    • Cash deposit entry involves debiting the relevant asset or liability account and crediting the cash account.

    • Both entries should include the date, amount, and description of the transacti...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and feel relax.

Interview questions from similar companies

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

I applied via Company Website and was interviewed in Sep 2024. There were 7 interview rounds.

Round 1 - Assignment 

Employment business to the client confirming

Round 2 - Assignment 

Assignment including ant programs

Round 3 - Assignment 

Correspondence between the company

Round 4 - Assignment 

Clarifies the details of an assignment

Round 5 - Technical 

(2 Questions)

  • Q1. Problem solving
  • Q2. Communication about the interview
Round 6 - One-on-one 

(2 Questions)

  • Q1. Type of the company
  • Q2. Process the data
Round 7 - Assignment 

Communicate the association

Interview Preparation Tips

Interview preparation tips for other job seekers - No advice
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Assignment 

Position or post calling for specified duties to which an employee is assigned for a definite or indefinite period of time but which has not been designated as a work classification.

Round 2 - One-on-one 

(5 Questions)

  • Q1. What is tha accounts?
  • Ans. 

    Accounts refer to the records of financial transactions of a business or organization.

    • Accounts are used to track income, expenses, assets, and liabilities.

    • They help in analyzing the financial health of a company.

    • Examples of accounts include cash, accounts receivable, inventory, and accounts payable.

  • Answered by AI
  • Q2. What is tha payable and receivable
  • Ans. 

    Payable and receivable refer to amounts owed by a company (payable) and amounts owed to a company (receivable).

    • Payable refers to money owed by a company to its suppliers or vendors

    • Receivable refers to money owed to a company by its customers or clients

    • Payable and receivable are recorded on a company's balance sheet

    • Examples: Accounts payable, accounts receivable

  • Answered by AI
  • Q3. What is TDS ?
  • Ans. 

    TDS stands for Tax Deducted at Source, which is a system where tax is deducted by the payer at the time of making payment.

    • TDS is a form of advance tax which ensures that the government receives tax revenue in advance.

    • It is applicable to various payments such as salary, interest, commission, rent, etc.

    • The deducted TDS amount is then deposited with the government on behalf of the recipient.

    • TDS rates vary depending on the...

  • Answered by AI
  • Q4. What is tally used for ?
  • Ans. 

    Tally is a software used for accounting and financial management.

    • Tally is used for recording financial transactions.

    • It helps in managing accounts, generating reports, and analyzing data.

    • Tally is commonly used by businesses for bookkeeping and tax compliance.

    • It can also be used for inventory management and payroll processing.

  • Answered by AI
  • Q5. What is tally skills?
  • Ans. 

    Tally skills refer to proficiency in using Tally software for accounting purposes.

    • Tally skills involve knowledge of creating and managing accounts, generating financial reports, and performing audits.

    • Proficiency in data entry, reconciliation, and inventory management using Tally is essential.

    • Examples of Tally skills include creating ledgers, recording transactions, and generating balance sheets.

    • Knowledge of shortcuts a...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Accounts

Skills evaluated in this interview

Accountant Interview Questions & Answers

Accenture user image AKASH KUMAR ROUT

posted on 24 Jun 2024

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Walk-in and was interviewed in May 2024. There were 3 interview rounds.

Round 1 - HR 

(2 Questions)

  • Q1. Self introduction
  • Q2. Why do you left your previous company
Round 2 - Technical 

(2 Questions)

  • Q1. How many types of financial statements
  • Ans. 

    There are three main types of financial statements: balance sheet, income statement, and cash flow statement.

    • Balance sheet shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

    • Income statement shows a company's revenues, expenses, and profits over a period of time.

    • Cash flow statement shows how changes in balance sheet and income statement affect cash and cash equivalents.

  • Answered by AI
  • Q2. Difference between trial balance and balance sheet
  • Ans. 

    Trial balance is a list of all ledger accounts with their closing balances, while balance sheet is a financial statement showing assets, liabilities, and equity at a specific point in time.

    • Trial balance is an internal document used to ensure the debits and credits are equal before preparing financial statements.

    • Balance sheet is a financial statement that shows the company's financial position at a specific point in tim...

  • Answered by AI
Round 3 - One-on-one 

(2 Questions)

  • Q1. Journal entry for prepaid expenses
  • Ans. 

    Journal entry for prepaid expenses involves debiting an asset account and crediting a prepaid expense account.

    • Prepaid expenses are expenses paid in advance but not yet incurred.

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

    • As the prepaid expense is incurred, it is transferred from the Prepaid Expense account to the Expense account.

    • Example: Payment of insurance premium in...

  • Answered by AI
  • Q2. Journal entry for purchase return
  • Ans. 

    Journal entry for purchase return involves debiting accounts payable and crediting inventory account.

    • Debit accounts payable to reduce liability

    • Credit inventory account to reduce inventory on hand

    • Example: Debit Accounts Payable $500, Credit Inventory $500

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Go through all the accounts interview question
Interview experience
2
Poor
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via campus placement at Christ University, Bangalore and was interviewed in Aug 2024. There was 1 interview round.

Round 1 - Technical 

(2 Questions)

  • Q1. Journal entry for prepaid expenses
  • Ans. 

    Journal entry for prepaid expenses involves debiting Prepaid Expense account and crediting Cash or Bank account.

    • Debit Prepaid Expense account to record the expense paid in advance

    • Credit Cash or Bank account to show the decrease in cash due to prepayment

    • Prepaid expenses are considered assets until they are used up or expire

    • Example: Journal entry for prepaid rent - Debit Prepaid Rent, Credit Cash/Bank

  • Answered by AI
  • Q2. What is bank reconciliation
  • Ans. 

    Bank reconciliation is the process of comparing a company's records with those of its bank to ensure they match.

    • Bank reconciliation involves comparing the company's records of its financial transactions with the bank's records.

    • It helps identify any discrepancies such as missing transactions, errors, or fraudulent activity.

    • The process involves adjusting the company's records to match the bank's records by reconciling an...

  • Answered by AI

Accountant Interview Questions & Answers

Infosys user image Shital Sarode

posted on 19 Nov 2024

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

I applied via Walk-in and was interviewed in Oct 2024. There were 3 interview rounds.

Round 1 - Aptitude Test 

Accounting Questions

Round 2 - HR 

(1 Question)

  • Q1. Relocate and shift timing
Round 3 - One-on-one 

(1 Question)

  • Q1. Previous experience

Interview Preparation Tips

Topics to prepare for Infosys Accountant interview:
  • Accounts Payable
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Oct 2024. There was 1 interview round.

Round 1 - HR 

(5 Questions)

  • Q1. About your self
  • Q2. Your highest study
  • Ans. 

    Bachelor's degree in Accounting from XYZ University

    • Graduated with honors

    • Completed coursework in financial accounting, managerial accounting, auditing, and taxation

    • Participated in internship at a local accounting firm

    • Completed a senior thesis on the impact of tax reform on small businesses

  • Answered by AI
  • Q3. Why you working in tcs company
  • Ans. 

    TCS company in my lively company and this company is top company I work to top company in my life

  • Answered Anonymously
  • Q4. Experience and how many company experience in how year
  • Ans. 

    3 company in 2 year experience in auto mobile company

  • Answered Anonymously
  • Q5. Family back ground asked
  • Ans. 

    Father is farmer and mother house wife

  • Answered Anonymously

Interview Preparation Tips

Interview preparation tips for other job seekers - Please call back
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(2 Questions)

  • Q1. Tell me about your self
  • Q2. What role in your privious job
Round 2 - Technical 

(2 Questions)

  • Q1. Different between reserve and provision
  • Ans. 

    Reserve is set aside for specific purposes, while provision is set aside for potential future expenses.

    • Reserve is a part of profits retained by a company for specific purposes, such as expansion or dividends.

    • Provision is an amount set aside to cover a probable future expense, such as bad debts or legal claims.

    • Reserve is not a liability, while provision is a liability on the balance sheet.

    • Reserve is voluntary, while pro...

  • Answered by AI
  • Q2. Different between tangible and intangible
  • Ans. 

    Tangible assets are physical assets that can be touched and seen, while intangible assets are non-physical assets like intellectual property or brand recognition.

    • Tangible assets have a physical form, such as buildings, machinery, or inventory.

    • Intangible assets lack physical substance, such as patents, trademarks, or goodwill.

    • Tangible assets are typically easier to value and sell compared to intangible assets.

    • Intangible...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - be confident
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(2 Questions)

  • Q1. AAAAA BB fdf dfjkdfji dkjfkd ldjfld
  • Q2. Skdjkjmd dwlhfdohfld lnofne f l

Interview Preparation Tips

Interview preparation tips for other job seekers - Good

Accountant Interview Questions & Answers

Amazon user image JAIDA KOUSAR

posted on 22 May 2024

Interview experience
3
Average
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Nov 2023. There were 7 interview rounds.

Round 1 - Assignment 

We are about the question

Round 2 - Aptitude Test 

How many companies are you working

Round 3 - Coding Test 

Availability of course in company

Round 4 - Technical 

(7 Questions)

  • Q1. Technical features of your company
  • Q2. How many more than years in company managing
  • Q3. Any technical support Engineer at jobs in the market
  • Q4. Technical support billing for your caring
  • Q5. How do you have any situation for all members
  • Q6. Any idea about the question
  • Q7. Description any situation
  • Ans. 

    Describing a situation where you had to resolve a discrepancy in financial records

    • Identify the source of the discrepancy

    • Review all relevant financial documents

    • Communicate with relevant parties to gather information

    • Reconcile the accounts to find the root cause of the discrepancy

    • Implement corrective measures to prevent future discrepancies

  • Answered by AI
Round 5 - One-on-one 

(7 Questions)

  • Q1. Only for now you job application for made
  • Q2. Internet connection for your leaving this company
  • Q3. Your experience for job application
  • Q4. Accountant experience for a job
  • Q5. How many years of experiene
  • Q6. Any situation for your leaving this job
  • Q7. What topic and course in
Round 6 - Members 

(7 Questions)

  • Q1. Any members of your company managing her
  • Q2. How many people are their company
  • Q3. Whole members are group discussion of company
  • Q4. Add any situation for your leaving
  • Q5. All inclusive person are the company
  • Q6. Any idea for company managing director
  • Q7. Profile and losses are their any situation for all members will give for strength
Round 7 - Group Discussion 

Allow the group discussion in the market

Interview Preparation Tips

Interview preparation tips for other job seekers - Members are group discussion and helping nature and help for another persons in the any situation

Khan & Associates Interview FAQs

What are the top questions asked in Khan & Associates Accountant interview?

Some of the top questions asked at the Khan & Associates Accountant interview -

  1. How to make the payment entry against purcha...read more
  2. Tell me cash withdrawal and deposit ent...read more
  3. What are the golden rules of accoun...read more

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Khan & Associates Accountant Salary
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₹1.4 L/yr - ₹2.8 L/yr
37% less than the average Accountant Salary in India
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