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. Tell me about the time when you did something for the client out of your scope.
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Q1. Tell me about the optimisation you did to increase ctr and cvr of the account
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Implemented ad copy testing, keyword optimization, and landing page improvements to increase CTR and CVR.
• Conducted A/B testing on ad copies to identify high-performing messaging

• Optimized keywords to target relevant audience and improve ad relevance

• Made improvements to landing pages to enhance user experience and increase conversions
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Q1. Whats your expected salary
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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 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
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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
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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
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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. 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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Q1. Tell me about ur self
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I am a dedicated and experienced Executive Accountant with a strong background in financial management and analysis.
• I have over 8 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, forecasting, and strategic planning

• I have a Bachelor's degree in Accounting and a CPA certification

• I am proficient in using ac
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Q2. GST TDS Regarding Basic provison
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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.

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.
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Q2. What is tha payable and receivable
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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
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Q3. What is TDS ?
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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...read more
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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.
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Q5. What is tally skills?
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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...read more
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Q1. Introduce yourself?
Ans. 
Experienced Account Executive with a proven track record of driving sales and building strong client relationships.
• Over 5 years of experience in sales and account management

• Consistently exceeded sales targets by 20% each quarter

• Strong communication and negotiation skills

• Managed key accounts such as XYZ Company and ABC Corporation
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Q2. What is your strength and weaknesses?
Ans. 
Strength: Strong communication skills. Weakness: Overthinking.
• Strength: Effective communication with clients and team members.

• Strength: Ability to build strong relationships and trust.

• Weakness: Tendency to overthink situations and decisions.

• Weakness: Struggle with delegating tasks and trusting others to complete them.

• Weakness: Difficulty in saying no to additional responsibilities.
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Q1. What is two way matching and three way matching?
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Two way matching and three way matching are methods used in accounting to ensure accuracy in financial transactions.
• Two way matching involves comparing the invoice from a vendor with the purchase order to ensure the prices and quantities match.

• Three way matching adds the additional step of comparing the received goods to the purchase order and invoice to ensure all three documents match.

• These matching processes help pr...read more
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Q2. What is standard Po and Blanket Po?
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Standard PO is a one-time purchase order for a specific quantity of goods or services, while Blanket PO is a long-term agreement for multiple purchases over a period of time.
• Standard PO is used for one-time purchases of a specific quantity of goods or services.

• Blanket PO is a long-term agreement for multiple purchases over a period of time.

• Standard PO typically has a set expiration date, while Blanket PO may cover mult...read more
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