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Loginworks Softwares Management Trainee Accounts Interview Questions, Process, and Tips
Loginworks Softwares Management Trainee Accounts Interview Experiences
1 interview found
Interview Questionnaire
5 Questions
- Q1. What are the important terams use in balance sheet?
- Ans.
Important terms used in a balance sheet include assets, liabilities, equity, current assets, current liabilities, long-term liabilities, and retained earnings.
Assets: Resources owned by a company that have economic value, such as cash, inventory, and property.
Liabilities: Debts or obligations owed by a company, such as loans and accounts payable.
Equity: The residual interest in the assets of a company after deducting l...
- Q2. What are the golden rules of accounting
- Ans.
Golden rules of accounting are basic principles to be followed while recording financial transactions.
Debit the receiver, credit the giver
Debit what comes in, credit what goes out
Debit all expenses and losses, credit all incomes and gains
- Q3. What is the difference between a trial balance and a balance sheet
- Ans.
Trial balance is a list of all ledger accounts with their debit or credit balances, while balance sheet is a statement of assets, liabilities, and equity of a company at a specific point in time.
Trial balance is an internal document used to ensure the accuracy of accounting records before preparing financial statements.
Balance sheet is a financial statement that shows the financial position of a company at a specific p...
- Q4. Explain about accounts payable
- Ans.
Accounts payable is the amount of money a company owes to its vendors or suppliers for goods or services received.
Accounts payable is a liability account that shows the amount owed to vendors or suppliers.
It is recorded in the balance sheet under current liabilities.
Accounts payable can include invoices for goods or services received but not yet paid for.
It is important to manage accounts payable to ensure timely payme...
- Q5. What is relation between journal and ledger
- Ans.
Journal is a record of transactions while ledger is a summary of those transactions.
Journal is the first step in the accounting process where transactions are recorded in chronological order
Ledger is the second step where transactions are classified and summarized by account
Journal provides the details of each transaction while ledger provides the balance of each account
Journal is used to create entries in the ledger
Le
Interview Preparation Tips
The interviewer wanted to test both my knowledge and communication skills. Most of the questions asked to me were releted to accounts. Luckily I was able to answers mast each question with example. I think I did pretty well for a fresher please go throughly word by word and recheck your resume to ensure that you are a best fit for the position
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Experience: Only 24 people from my campus attended the placement process of this company.The experience wasn't really good.I wasn't
short-listed for next round as my CGPA was 7.5 and need was of above 7.5 ,as they were maintaining standards.
Round: Test
Experience: 1.C aps was really tough.
2.Section 2 we had to choose either Microprocessor or Java,I preferred microprocessor . 3.Simple Questions on 8085 and 8086 instruction set was asked.
4.How much memory are there are 20 address lines,
5.Difference between SRAM and DRAM.
6.ROM is used for stack or not.
7.What are contents of Stack Pointer after PUSH and POP operation.
8.What happens after RET instruction?
9.What is CMC equivalent instruction?
Round: Test
Experience: 16 questions on Quant which are :-
Odd number in a series, Area and Volume, Games of Skill, Time and Work, Average, Trains, Boats
and Streams, Profit and Gain were asked.
If no. of handshakes is 66,find total number of People.?
A lotus in a pond doubles in size everyday,if it fills the pond on 20th day,when will be the pond would be half?
LOGICAL REASONING-
4 men are on the side of a bridge.One torch light is with them and without it they cannot cross
the bridge.The bridge can withstand only 2 people at a time.The time required by the persons are 1
min,2 mins,7 mins,10 mins respectively.Find the shortest time required by all of em to cross the
bridge.
(Answer: 17 minutes)
Round: SOFT SKILLS
Experience: scenario based questions were asked:-
1.working on a project in your company and your brother is in urgent need of a project.What will you do?
2.Your friend mails the project details to some other company.what will be you reaction?
3.Your boss allows to take your team members for a treat.Whether you choose costly one or within budget?
4.Your favorite subject in your curriculum and Why?
5.Where you would view yourself in 5 years?
6.What is a dream company in your terms?
7.Any situation were your work was criticized and what was your reaction?
Skills:
College Name: Anna University Chennai
I applied via Recruitment Consultant and was interviewed before Oct 2020. There were 3 interview rounds.
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- Q2. Explain the inheritance concept with car model
- Ans.
Inheritance in car model refers to the ability of a new car model to inherit features and characteristics from an existing car model.
Inheritance allows for the creation of a new car model that shares common features with an existing car model
The new car model can add or modify features inherited from the existing car model
For example, a new sports car model can inherit features from a base car model such as engine, tra...
- Q3. Probability question with fruits and boxes
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- Q1. What is interface ?
- Ans.
An interface in software development defines a contract for classes to implement, specifying methods and properties.
Interfaces in programming languages like Java and C# allow for multiple inheritance by defining a set of methods that a class must implement.
Interfaces provide a way to achieve abstraction and polymorphism in object-oriented programming.
Interfaces are used to define common behavior that multiple classes c...
- Q2. Hat is encapsulation
- Ans.
Encapsulation is the concept of bundling data and methods that operate on the data into a single unit.
Encapsulation helps in hiding the internal state of an object and restricting access to it.
It allows for better control over the data by preventing direct access from outside the class.
Encapsulation promotes code reusability and makes the code easier to maintain.
Example: In a class representing a car, the variables lik...
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Skills evaluated in this interview
10 apti questions and 10 technical mcq on cpp
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- Q1. Oops concept question
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