Livguard Junior Associate Interview Questions and Answers

Q1. Tell me about accounting golden rules?
Ans. 
Accounting golden rules are fundamental principles that guide the recording of financial transactions.
• The first golden rule is the Debit and Credit rule, which states that for every transaction, there must be at least two accounts involved, with one account debited and another account credited.

• The second golden rule is the Real Account rule, which states that real accounts (assets, liabilities, and equity) are debited ...read more
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Q2. What is accounts ?
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Accounts refer to the financial records and transactions of an individual, organization, or business.
• Accounts are used to track and record financial activities such as income, expenses, assets, and liabilities.

• They provide a clear picture of the financial health and performance of an entity.

• Examples of accounts include cash, accounts receivable, accounts payable, inventory, and equity.

• Accounts are organized into differ...read more
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Q3. Which type of software using in your past company?
Ans. 
The software used in my past company was a combination of accounting software and ERP systems.
• We used QuickBooks for basic accounting functions such as bookkeeping, invoicing, and financial reporting.

• For more complex financial analysis and forecasting, we utilized Microsoft Excel.

• To manage inventory and supply chain, we relied on an ERP system called SAP.

• We also used specialized software for payroll processing and tax
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We are like a group discussion like a daily trade activities to improve next stage and developing the financial statements get ideas to discussion our team members and implement the ideas.

Q1. What are your salary expectations?
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Q2. What is your family background?
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Q1. Normal conversation asking by HR team.
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Q2. Salary discussion by HR team.
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