Lacoste Sales Accountant Interview Questions and Answers

Q1. Why our firm ?
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Q2. Why in office , why not work from home ?
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Basic and general test

Testing common questions of aptitude

Q1. Basic details like education and all
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Q2. Basics question related to field of prior experience
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Q1. Types of derivative
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Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Types of derivatives include options, futures, forwards, and swaps.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before or on a specified date.

• Futures are contracts to buy or sell an asset at a future date for a price agreed upon today.

• Forwards are similar to...read more
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Q2. Tell me Types of swap
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Types of swaps include interest rate swaps, currency swaps, and commodity swaps.
• Interest rate swaps involve exchanging fixed interest rate payments for floating rate payments.

• Currency swaps involve exchanging principal and interest payments in one currency for another currency.

• Commodity swaps involve exchanging cash flows based on the price of a commodity.

• Other types of swaps include equity swaps, credit default swaps,
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Q3. Tell me types of option
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Types of options include call options and put options.
• Call options give the holder the right to buy an asset at a specified price within a specific time frame.

• Put options give the holder the right to sell an asset at a specified price within a specific time frame.
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Q4. What is bull market
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A bull market is a financial market characterized by rising prices and investor optimism.
• Bull markets typically occur when the economy is strong and unemployment is low.

• Investors are confident in the future of the market and are more willing to buy stocks.

• Bull markets can last for months or even years, leading to significant gains for investors.

• Examples of bull markets include the dot-com bubble in the late 1990s and t...read more
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Q5. What is bear market
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A bear market is a financial market characterized by declining prices and investor pessimism.
• Occurs when stock prices fall by 20% or more from recent highs

• Investors are generally pessimistic about the market's future performance

• Can last for months or even years

• Examples include the Great Recession of 2008 and the Dotcom Bubble burst in 2000
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Q1. Explain accounts payable process
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Accounts payable process involves receiving, verifying, and paying invoices from vendors.
• Receive invoices from vendors for goods or services provided

• Verify the accuracy of the invoices against purchase orders and receipts

• Obtain approval for payment from appropriate personnel

• Enter the invoice details into the accounting system

• Schedule payments to vendors based on due dates

• Reconcile accounts payable to ensure accuracy

• Mai...read more
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Q2. Explain gst filing process
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GST filing process involves preparing and submitting tax returns to the government.
• Collect all sales and purchase invoices

• Calculate total sales and purchases for the period

• Determine input tax credit available

• File GST returns online through the GST portal

• Pay any tax due before the deadline
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Q1. Technical questions
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Q2. In detail switchgear and machinery and motors
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Switchgear refers to electrical equipment used to control power flow in a power system, while machinery and motors are devices that convert electrical energy into mechanical energy.
• Switchgear includes circuit breakers, fuses, and disconnect switches to protect electrical equipment from damage.

• Machinery such as pumps, compressors, and fans use motors to convert electrical energy into mechanical energy for various indust...read more
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Q1. Personal details
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Q1. Normal question
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Q2. Regarding tds question asked
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Q3. What is tds???????
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TDS stands for Tax Deducted at Source. It is a tax deducted by the payer at the time of making payment to the payee.
• TDS is deducted by the payer and deposited with the government on behalf of the payee.

• It is applicable on various types of payments such as salary, interest, commission, rent, etc.

• The rate of TDS varies depending on the nature of payment and the provisions of the Income Tax Act.

• TDS certificates are issued...read more
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Q4. Processof tds ??
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