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I applied via Company Website and was interviewed before Jul 2023. There were 2 interview rounds.
Questions about logical reasoning
Audit is a systematic examination of financial records, while internal audit focuses on internal controls and processes and statutory audit is mandated by law.
Audit is a systematic examination of financial records to ensure accuracy and compliance with regulations.
Internal audit is conducted by employees within the organization to evaluate internal controls and processes.
Statutory audit is an external audit mandated by...
posted on 22 Jan 2024
I applied via Naukri.com and was interviewed in Dec 2023. There were 2 interview rounds.
The 3 golden rules of accounting are the basic principles that guide the recording of financial transactions.
The first golden rule is the Personal Account rule, which states that 'Debit the receiver, credit the giver'. For example, when a customer pays cash for goods purchased, the cash account is debited and the sales account is credited.
The second golden rule is the Real Account rule, which states that 'Debit what co...
Bookkeeping is the process of recording, organizing, and maintaining financial transactions of a business.
Bookkeeping involves recording all financial transactions, such as sales, purchases, and expenses.
It helps in organizing and categorizing financial data for easy analysis and reporting.
Bookkeeping ensures accuracy and completeness of financial records.
It involves tasks like maintaining ledgers, reconciling accounts...
I applied via Campus Placement and was interviewed in Oct 2021. There were 4 interview rounds.
I applied via Naukri.com and was interviewed in Nov 2021. There were 3 interview rounds.
I applied via Approached by Company and was interviewed in Dec 2022. There were 3 interview rounds.
Basic question on accounting and fundamental of accounting
I applied via Indeed and was interviewed in Apr 2023. There were 2 interview rounds.
I was interviewed in Dec 2023.
Depreciation is the allocation of the cost of an asset over its useful life, accrual is recognizing revenue and expenses when they are incurred, and prepayment is paying for expenses before they are incurred.
Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet over time.
Accrual accounting matches revenue and expenses to the period they are incurred, not when cash is exchanged.
Prepa...
Test of details focuses on specific transactions or account balances, while controls test the effectiveness of internal controls.
Test of details involves examining individual transactions or account balances to ensure accuracy and completeness.
Controls testing evaluates the effectiveness of internal controls in preventing or detecting errors or fraud.
Test of details may involve confirming account balances with third pa...
Audit procedures for purchase cycle and payroll involve verifying transactions, reconciling accounts, and testing internal controls.
Verify purchase orders, invoices, and payments match
Reconcile accounts payable ledger to vendor statements
Test segregation of duties in payroll processing
Review payroll register for accuracy and completeness
Confirm payroll taxes are properly withheld and remitted
Revenue recognition under IFRS involves recognizing revenue when it is earned and realizable, regardless of when cash is received.
Revenue is recognized when it is probable that economic benefits will flow to the entity and the revenue can be reliably measured.
Revenue is measured at the fair value of the consideration received or receivable.
Revenue recognition criteria include transfer of risks and rewards, no continuin...
Deferred tax is a balance sheet item that represents the tax consequences of temporary differences between accounting income and taxable income.
Deferred tax arises due to timing differences in recognizing income and expenses for tax and accounting purposes.
It is recorded on the balance sheet as a liability or asset depending on whether the tax payable is more or less than the tax expense recognized in the income statem...
I would empathize with the client, explain the situation calmly, offer solutions or alternatives, and ensure their satisfaction.
Listen to the client's concerns and acknowledge their feelings
Explain the situation calmly and objectively
Offer solutions or alternatives to address the issue
Ensure the client's satisfaction and maintain a positive relationship
I applied via Naukri.com and was interviewed in Dec 2021. There were 3 interview rounds.
Test is on basic accounting concepts
Observed discrepancies during audit
Noted inconsistencies in financial records
Identified errors in inventory management
Observed lack of adherence to company policies
Discovered security vulnerabilities in IT systems
based on 1 interview
Interview experience
based on 11 reviews
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Audit Assistant
72
salaries
| ₹0 L/yr - ₹0 L/yr |
Executive Accountant
52
salaries
| ₹0 L/yr - ₹0 L/yr |
Assistant Manager
38
salaries
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Account Assistant
24
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Manager
21
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Mehta And Associates
Sharma Enterprises
Gupta Infosolutions
Patel Industries