Lawrence & Mayo Accountant Interview Questions and Answers

Q1. Tell me about yourself.
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I am an experienced accountant with a strong attention to detail and a passion for numbers.
• Experienced accountant with X years of experience

• Strong attention to detail and accuracy

• Proficient in financial analysis and reporting

• Excellent knowledge of accounting principles and regulations

• Ability to work with various accounting software

• Managed financial records and prepared financial statements

• Collaborated with cross-functi...read more
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Q1. Basic Journal Entries, GST, VAT, Sales, Bank Reconciliation, Cash Flow
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Q2. Discounts Journal Entries VAT payable entries Balance sheet item's Income And Expenses Sales Entries GAAP details
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They asked some core retail accounting. case study

Some technical core accounting retail process asked relates to Loyality, Vouchers issued by co., Baddebts, provision etc

Q1. Salary package and company policy
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Q1. Are you familiar with the concepts of inward and outward processes?
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Yes, inward and outward processes refer to the movement of goods or services within and outside of a company.
• Inward processes involve receiving goods or services into the company, such as inventory or raw materials.

• Outward processes involve sending goods or services out of the company, such as finished products to customers.

• Understanding these processes is crucial for tracking inventory, managing costs, and ensuring ti
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Q2. Experience & Stock Maintenance
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Q1. Why are you looking for a change?
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Q2. Share details of your previous job.
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Q3. What are your salary expectations?
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Q4. Details of your job and salary expectations
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Q5. Job replay kab tha aayga
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Q6. Job location near me
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Q7. Work please explain Job ka time
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Q1. What is use of sumif and sumifs in excel.
Ans. 
SUMIF and SUMIFS are Excel functions used to sum values based on certain criteria.
• SUMIF is used to sum values in a range that meet a single criterion.

• SUMIFS is used to sum values in a range that meet multiple criteria.

• Both functions require a range of values to sum and a range of criteria to evaluate.

• The criteria can be specified using cell references, text, or logical operators.

• Example: =SUMIF(A1:A10,">5") will sum al...read more
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Q2. Have you worked in ms navision earlier?
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Q1. Conflict management
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Q2. Attrition management
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Q1. How do you define targets and what factors you consider for achievement.
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Q2. How to ensure revenue generation?
Ans. 
To ensure revenue generation, focus on customer satisfaction, marketing strategies, and cost management.
• Implement customer loyalty programs to retain existing customers and attract new ones.

• Analyze market trends and competition to develop effective marketing strategies.

• Optimize pricing strategies to maximize revenue while remaining competitive.

• Reduce operational costs through efficient resource management and process i...read more
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Q3. What motives you to work in sales industry and how would you be of help to existing staff?
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