Lakshmikumaran & Sridharan Assistant Accounts Manager Interview Questions and Answers for Experienced

Q1. WHY DID YOU CHOOSE LAW?
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Q2. EVERYTHING FROM THE CV
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Legal technical questions on basics of law

Q1. General question to gauge culture fit
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Q1. Tell me about yourself
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Q1. What is transfer pricing
Ans. 
Transfer pricing is the setting of prices for goods and services sold between related legal entities within an enterprise.
• Transfer pricing is used by multinational companies to allocate profits and costs between different subsidiaries.

• It helps determine the taxable income in different countries where the company operates.

• Transfer pricing should be set at arm's length, meaning the prices should be similar to what unrela...read more
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Q1. The questions were based on the niche I was applying for in the firm
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Q2. What is the impact of Supreme Court's decision on documentation required before deduction could be allowed for write-off of debts?
Ans. 
Supreme Court's decision on documentation for debt write-off impacts deduction eligibility.
• Supreme Court's decision requires documentation to prove debt write-off eligibility for deduction.

• Lack of proper documentation may result in disqualification for deduction.

• This decision aims to prevent fraudulent claims for debt write-off deductions.

• Examples of required documentation include loan agreements, repayment schedules, ...read more
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Q1. Difference between public and private company?
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Public companies are listed on stock exchanges and have shares available for public trading, while private companies are owned by a small group of individuals and do not have publicly traded shares.
• Public companies have shares that are traded on stock exchanges, allowing anyone to buy and sell them.

• Private companies are owned by a small group of individuals or a single entity, and their shares are not publicly traded.

• P...read more
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Q2. Difference between ROFR and ROFO
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ROFR gives the right to match an offer, while ROFO gives the right to make the first offer.
• ROFR (Right of First Refusal) allows the holder to match an offer before it is accepted by the seller.

• ROFO (Right of First Offer) gives the holder the right to make the first offer on a property or asset before it is offered to others.

• ROFR is reactive, triggered by an existing offer, while ROFO is proactive, allowing the holder t...read more
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Q1. Technical questions in relation to the team you are going to be part of.
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Q1. More of a personality assessment, general questions on goals, etc
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