Khandelwal & Associates Accounts Associate Interview Questions and Answers

Q1. Basic questions about process
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Q1. They ask about your process your knowledge
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Q1. What was the your ambition ?
Ans. 
My ambition is to become a successful Accounts & Finance Executive in a reputable company.
• To excel in financial analysis and reporting

• To develop strong budgeting and forecasting skills

• To enhance my knowledge of tax regulations and compliance

• To eventually become a CFO or Finance Director

• To contribute to the growth and success of the organization
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Q2. What was the your future plan for life ?
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My future plan is to continue advancing in my career in accounts and finance, eventually becoming a financial manager or director.
• Continue gaining experience and knowledge in accounts and finance

• Pursue further education or certifications in the field

• Work towards a promotion to a financial manager or director role

• Seek opportunities for professional growth and development

• Eventually aim to lead a finance team or departmen
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Q1. What was the your future growth ?
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My future growth involves obtaining a professional certification, gaining more experience in financial analysis, and eventually moving into a managerial role.
• Obtaining a professional certification such as CPA or CFA to enhance my credentials

• Gaining more experience in financial analysis and reporting

• Working towards taking on more responsibilities and eventually moving into a managerial role

• Continuing education and stayi
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Q2. What was sink of kn
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Sink of KN is a term used in accounting to refer to the process of writing off an asset that has no residual value.
• Sink of KN is also known as scrapping of assets.

• It involves removing an asset from the balance sheet due to it being obsolete or no longer useful.

• This process helps in accurately reflecting the true value of assets on the balance sheet.

• Example: If a company decides to dispose of an old machinery that is no...read more
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Q1. What is your name ?
Ans. 
My name is John Smith.
• My first name is John.

• My last name is Smith.

• I go by the name John Smith in professional settings.
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Q2. What is your mother toung ?
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My mother tongue is English.
• English is the primary language spoken in my household and community.

• I have been speaking English since I was a child.

• I am fluent in English and use it for communication in both personal and professional settings.
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Q1. Accounts related questions? What is the cash application cycle. Cash application cycle is the process of business taking incoming customer payment, Matching them to the corresponding to invoice.It hels to ...read more
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Q2. What is P2P Accounting P2P stands for Procure to Pay is the processing of acquiring goods or services for a business. It's knowns as purchase to pay.
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Q3. What is R2R in Accounting Record to report is the process of financial and accounting that involves processing,collecting and reporting financial data. It helps to ensure that companies financial statement...read more
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Q4. Cash sales journal entry with discount. Cash ac dr To sales
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Q5. What is the 10 concept of Ms excel. Business analyzies People management Managing Operation Performance Reporting Office administration Strategic Analysis Project management Managing Program Contr...read more
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Q1. Account related
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Q2. GST
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Q3. TDS
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Q1. What is account
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Q2. GSTR-1 AND GSTR 3B
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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
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Q2. What is Bank reconcilation statment
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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...read more
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The assignment involved the analysis the business problem and providing the detailed solution.

The group discussion focused on the topic. The impact of remote on productivity each participant was given two mintues to present the view follow by the open decision..

We were analysis the situation and identify the key issue

Q1. Tell me something about your self
Ans. 
I am a detail-oriented and organized individual with a strong background in accounting and finance.
• Bachelor's degree in Accounting

• Experience with financial reporting and analysis

• Proficient in using accounting software such as QuickBooks

• Strong analytical skills and attention to detail

• Excellent communication and interpersonal skills
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Q2. Why do you want work here
Ans. 
I am passionate about finance and eager to learn from experienced professionals in this industry.
• I am drawn to the company's reputation for excellence in financial management.

• I am excited about the opportunity to work with a talented team and contribute to the company's success.

• I believe this role will provide me with valuable experience and help me grow in my career.
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Q3. What do you see yourself in 5 years
Ans. 
In 5 years, I see myself as a senior Account Assistant, taking on more responsibilities and contributing to the growth of the company.
• Continuing to excel in my role as an Account Assistant

• Taking on leadership roles within the accounting department

• Completing additional certifications or training to enhance my skills

• Contributing to the company's financial success through strategic decision-making

• Mentoring junior staff me
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Q4. Why should we hiring you
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I am a detail-oriented and organized individual with a strong background in accounting and a proven track record of accuracy and efficiency.
• I have a Bachelor's degree in Accounting and X years of experience in the field.

• I am proficient in using accounting software such as QuickBooks and Excel.

• I have a strong attention to detail and can ensure accurate financial records.

• I am a team player and can effectively communicate...read more
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Q5. What motivate you at work
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I am motivated at work by the opportunity to learn and grow, the satisfaction of completing tasks successfully, and the positive impact I can make on the team and organization.
• Opportunity to learn and grow

• Satisfaction of completing tasks successfully

• Positive impact on team and organization
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Q1. What is bad bebt
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Bad debt refers to money owed to a company that is unlikely to be paid by the debtor.
• Bad debt is a financial loss for the company.

• It is usually the result of customers who are unable or unwilling to pay their debts.

• Companies often have to write off bad debts as uncollectible.

• Bad debt can negatively impact a company's financial statements and cash flow.

• Examples include unpaid invoices, defaulted loans, and overdue payme
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Q2. What is accounts
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Accounts refer to financial records that track the financial activities of a business or individual.
• Accounts are used to record transactions such as income, expenses, assets, and liabilities.

• They help in analyzing the financial health of an entity and making informed decisions.

• Examples of accounts include cash account, accounts receivable, accounts payable, and equity accounts.
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Q1. Introduction About our self
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I am a dedicated and experienced Executive Accountant with a strong background in financial management and strategic planning.
• I have over 10 years of experience in accounting and finance

• I have a proven track record of successfully managing budgets and financial reporting

• I am skilled in financial analysis and forecasting

• I have a strong understanding of GAAP and financial regulations

• I have excellent communication and lea
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Q2. What is Accounting Types of Accounts
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Accounting involves recording financial transactions of a business.

• Types of accounts include assets, liabilities, equity, revenue, and expenses.

• Assets are resources owned by the business, like cash and inventory.

• Liabilities are obligations of the business, such as loans and accounts payable.

• Equity represen...read more
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