Kveetech Enterprises Accountant Interview Questions and Answers

The question is asking about the amount of cash expenses incurred in a transaction.

• The incurred cash expenses in a transaction refer to the actual cash outflow resulting from the transaction.

• It includes any payments made in cash or cash equivalents for goods, services, or other expenses.

• Examples of incurred cash expenses in a transaction can be the payment of salaries, purchase of inventory, or payment of utility bills

Current CTC is $80,000 and Expected CTC is $100,000

• Current CTC: $80,000

• Expected CTC: $100,000

Yes, I have knowledge of GST Return Filing and Due Dates.

• I am familiar with the different types of GST returns such as GSTR-1, GSTR-3B, and GSTR-9.

• I understand the due dates for filing GST returns which vary based on the type of taxpayer and turnover.

• I am aware of the penalties for late filing of GST returns.

• I have experience in preparing and filing GST returns accurately and on time.

• I stay updated with any changes in ...read more

Yes, GST reconciliation involves matching the data between the company's financial records and the GST returns filed with the government.

• GST reconciliation ensures accuracy in reporting and compliance with tax laws

• It involves comparing the sales and purchase data in the financial records with the GST returns filed

• Any discrepancies found during reconciliation need to be rectified to avoid penalties

• Regular GST reconcilia...read more

Yes, I have experience in TDS deduction and TCS collection.

• I have experience in calculating and deducting TDS (Tax Deducted at Source) from payments made to vendors or contractors.

• I am familiar with the process of collecting TCS (Tax Collected at Source) on specified transactions as per tax regulations.

• I have ensured timely and accurate filing of TDS and TCS returns to comply with tax laws.

• I have maintained records and...read more

Yes, I have extensive experience in inventory management and production journal.

• Managed inventory levels to ensure optimal stock levels and minimize excess inventory

• Maintained accurate production journals to track costs and monitor production efficiency

• Utilized inventory management software to streamline processes and improve accuracy

• Collaborated with production team to coordinate inventory needs and production schedul