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Khandelwal & Associates Accounts Associate Interview Questions and Answers
Khandelwal & Associates Accounts Associate Interview Experiences
1 interview found
Bibek Mandal
Selected
I applied via Walk-in and was interviewed in Jun 2022. There were 2 interview rounds.
(4 Questions)
- Q1. Questions related to fundamentals of accounting
- Q2. What are the Golden rules of accounting ?
- Ans.
The Golden rules of accounting are basic principles to maintain accurate financial records.
The first rule is the Debit and Credit rule, which states that for every debit entry, there must be a corresponding credit entry.
The second rule is the Real Account rule, which states that all assets and liabilities have a debit and credit balance respectively.
The third rule is the Personal Account rule, which states that all tra...
- Q3. What are Accounting Standards (AS)? What is Ind-AS?
- Ans.
Accounting Standards (AS) are guidelines for financial reporting. Ind-AS is the Indian version of International Financial Reporting Standards (IFRS).
AS are issued by the Institute of Chartered Accountants of India (ICAI) to ensure consistency and transparency in financial reporting.
Ind-AS is based on IFRS and is mandatory for certain companies in India.
Ind-AS aims to improve the quality of financial reporting and make ...
- Q4. What do mean by IFRS?
- Ans.
IFRS stands for International Financial Reporting Standards.
IFRS is a set of accounting standards developed by the International Accounting Standards Board (IASB).
It is used by companies to prepare and present their financial statements.
IFRS is designed to provide a common language for business affairs so that company accounts are understandable and comparable across international boundaries.
Examples of IFRS include IF...
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Selected
I applied via Naukri.com and was interviewed in Apr 2024. There was 1 interview round.
(1 Question)
- Q1. Tell me about yourself? What is TDS and GST? Golden rules Sales entry? Accrued income and accrued expenses?
Interview Preparation Tips
- Accounting
sayali P
(1 Question)
- Q1. Basic questions about process
(1 Question)
- Q1. They ask about your process your knowledge
(2 Questions)
- Q1. What is Accounts payable
- 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 owed by a company to its suppliers or vendors
It is typically recorded when goods or services are received but payment has not yet been made
Accounts payable is an important part of a company's working capital man
- Q2. What is Bank reconcilation statment
- Ans.
Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
It is used to identify any discrepancies between the two sets of records.
It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.
The goal is to ensure the accuracy of the company's financial records and the bank's records.
Once discrepancies are identifi...
I applied via Monster and was interviewed in Apr 2024. There was 1 interview round.
(1 Question)
- Q1. Tell me about yourself
AMITESH ARYA
Selected
(3 Questions)
- Q1. What was yor Previous salary.
- Q2. How much salary expect.
- Q3. When you will join.
(2 Questions)
- Q1. Work experience
- Q2. Field of work you did in past company.
I applied via Walk-in and was interviewed in Apr 2022. There was 1 interview round.
(6 Questions)
- Q1. Introduction yourself
- Q2. My name is srinivasa,iam from bagepalli I have completed my graduation in govt first grade college in Chikkaballapur , and i have also done for 2nd pu in swamy vivekanand pu college bagepalli, currently st...
- Q3. Tell me about your family
- Q4. My father name is eshwarappa, he is a agriculture former, and my monther name is savithramma, she is a home maker,and i have a brother he is studying SSLC, and i have a small family.
- Q5. Tell me about your college days
- Q6. My college days are unforgettable happy days in my life,when I was going to a college at the time I don't know any one, ofter few months I know frds and lectures and i was a regular student.frds are fun wi...
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- College days
- My self
Iam interested in this job
Kindly request
Accept my request
I applied via Recruitment Consultant and was interviewed in Nov 2021. There were 3 interview rounds.
Interview Questionnaire
7 Questions
- Q1. Sales entry
- Q2. Golden rules of accounting
- Ans.
The golden rules of accounting 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 losse
- Q3. Discount on sales entry
- Q4. Provision meaning
- Q5. Provision for bad debts
- Ans.
Provision for bad debts is an estimated amount set aside by a company to cover potential losses from customers who may not pay their debts.
Provision for bad debts is a common practice in accounting to ensure that a company's financial statements accurately reflect the potential losses from unpaid debts.
The provision is based on an estimate of the percentage of outstanding debts that are likely to go bad.
The provision i...
- Q6. Bad debts meaning
- Q7. Previous organization process
- Ans.
In my previous organization, the finance process was streamlined and efficient.
Implemented automated invoicing system which reduced errors and saved time
Conducted regular audits to ensure compliance with financial regulations
Collaborated with cross-functional teams to develop and monitor budgets
Maintained accurate financial records and generated reports for management
Managed accounts payable and receivable, including t
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Feb 2022. There was 1 interview round.
(1 Question)
- Q1. What is your personal details
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Interview Questionnaire
3 Questions
- Q1. Tell me about your most successful (end-to-end) project so far.
- Q2. How do you handle conflict between team members?
- Q3. Tell me about a time you led by example.
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Make a list of questions that you would like to ask during the interview.
Be prepared.
On the day of the interview, remember to
Display confidence during the interview but let the interviewer start the dialogue.
End the interview with a good impression.
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