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LTIMindtree Executive Accountant Interview Questions and Answers

Updated 20 Dec 2024

LTIMindtree Executive Accountant Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. What is Accounts payable
  • Ans. 

    Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

    • Accounts payable is a liability on the balance sheet

    • It represents the amount of money owed by a company to its suppliers or vendors

    • It is typically recorded when goods or services are received but payment has not yet been made

    • Accounts payable is an important part of a company's working capital man

  • Answered by AI
  • Q2. What is Bank reconcilation statment
  • Ans. 

    Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.

    • It is used to identify any discrepancies between the two sets of records.

    • It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

    • The goal is to ensure the accuracy of the company's financial records and the bank's records.

    • Once discrepancies are identifi...

  • Answered by AI

Interview questions from similar companies

I applied via Referral and was interviewed before Dec 2016. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Ind as, Companies act 2013,

Interview Preparation Tips

Round: Group Discussion
Experience: Revenue recognition standard

General Tips: Be confident since this is the primary skill seeked by the people here
Skills: Communication
Duration: 1-4 weeks

Interview Questionnaire 

1 Question

  • Q1. Depreciation, OTC process, AP,AR, GOLDEN RULES, past experince,credit note,debit note,FA statement

I applied via Referral and was interviewed before Mar 2021. There was 1 interview round.

Round 1 - HR 

(1 Question)

  • Q1. Why should we hire you?

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare for excel questions.
Prepare for accounting knowledge

I applied via Naukri.com and was interviewed before Aug 2020. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. What is the type of liability
  • Ans. 

    A type of obligation that a company or individual owes to another party.

    • Liability refers to the legal obligation to pay debts or fulfill other obligations.

    • It can be classified as current or long-term, depending on the time frame for repayment.

    • Examples include accounts payable, loans, and taxes owed.

    • Liabilities are listed on a company's balance sheet and are an important factor in determining financial health.

  • Answered by AI
  • Q2. What is debit cames in and credit go out tell me explain
  • Ans. 

    Debit represents incoming funds while credit represents outgoing funds.

    • Debit is used to record an increase in assets or a decrease in liabilities or equity.

    • Credit is used to record a decrease in assets or an increase in liabilities or equity.

    • For example, when a company receives cash from a customer, it would debit cash and credit accounts receivable.

    • Conversely, when a company pays a supplier, it would credit cash and d

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Genpact working process Associate

I applied via Walk-in and was interviewed in Sep 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all Resume tips
Round 2 - HR 

(4 Questions)

  • Q1. Tell me about your self
  • Q2. What is TDS with explain
  • Ans. 

    TDS stands for Tax Deducted at Source. It is a tax collection mechanism in India.

    • TDS is a way of collecting tax at the source of income.

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

    • The person making the payment deducts a certain percentage of tax and deposits it with the government.

    • The deducted amount is reflected in the Form 16/16A which is issued to the person receiving ...

  • Answered by AI
  • Q3. What is GST and GSt return
  • Ans. 

    GST is a value-added tax levied on goods and services in India. GST return is a document containing details of income, tax paid, and refund claimed.

    • GST stands for Goods and Services Tax

    • It is a single tax levied on the supply of goods and services

    • It replaced multiple indirect taxes like VAT, excise duty, service tax, etc.

    • GST return is a document filed by registered taxpayers containing details of their income, tax paid,...

  • Answered by AI
  • Q4. What is ERP with explain
  • Ans. 

    ERP stands for Enterprise Resource Planning. It is a software system that integrates all aspects of a business's operations.

    • ERP helps businesses streamline their processes and improve efficiency

    • It includes modules for finance, human resources, inventory management, and more

    • Examples of ERP systems include SAP, Oracle, and Microsoft Dynamics

    • ERP can be customized to fit the specific needs of a business

    • It provides real-tim...

  • Answered by AI

Interview Preparation Tips

Topics to prepare for Wipro Executive Accountant interview:
  • Tally ERP
  • SAP
Interview preparation tips for other job seekers - Thanks for giving me this opportunity once again thanks

Skills evaluated in this interview

Interview Questionnaire 

3 Questions

  • Q1. What is company features
  • Q2. How many clients are there
  • Q3. How many account executives are there in India our company with wipro

Interview Preparation Tips

Interview preparation tips for other job seekers - Thank you and good luck
Round 1 - One-on-one 

(2 Questions)

  • Q1. Daily responsibilities
  • Q2. Self introduction

I applied via Company Website and was interviewed in Jan 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all Resume tips
Round 2 - One-on-one 

(4 Questions)

  • Q1. Basic Accounting questions
  • Q2. Tell me about financial statements
  • Ans. 

    Financial statements are reports that show the financial performance of a company over a specific period of time.

    • There are three main financial statements: balance sheet, income statement, and cash flow statement.

    • The balance sheet shows a company's assets, liabilities, and equity at a specific point in time.

    • The income statement shows a company's revenue, expenses, and net income over a specific period of time.

    • The cash ...

  • Answered by AI
  • Q3. Golden rules of accounting
  • Ans. 

    Golden rules of accounting are basic principles that guide the recording of financial transactions.

    • The first golden rule is the rule of debit and credit.

    • The second golden rule is the rule of assets and liabilities.

    • The third golden rule is the rule of income and expenses.

    • These rules ensure accuracy and consistency in financial reporting.

    • For example, if a company purchases inventory on credit, the rule of debit and credi...

  • Answered by AI
  • Q4. What is net worth and its formula
  • Ans. 

    Net worth is the value of assets minus liabilities of an individual or company.

    • Net worth = Assets - Liabilities

    • Assets include cash, investments, property, and other valuables

    • Liabilities include debts, loans, and other financial obligations

    • Net worth is a measure of financial health and stability

    • Example: If an individual has $100,000 in assets and $50,000 in liabilities, their net worth is $50,000

  • Answered by AI

Interview Preparation Tips

Topics to prepare for Accenture Executive Accountant interview:
  • General Accounting
  • Accounting ratio
  • Financial Statements
Interview preparation tips for other job seekers - Nothing to fear they are also people's like us.
Just give ur answers confidentiality.
Don't make guesses if you dont know the answer just simply say sory sir/mam idk the answer.
Try to give answers in english if possible.

I applied via Naukri.com and was interviewed in Sep 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - HR 

(6 Questions)

  • Q1. Share details of your previous job.
  • Q2. Why are you looking for a change?
  • Q3. What are your strengths and weaknesses?
  • Q4. Tell me about yourself.
  • Q5. Family background and salary expectation
  • Q6. Technical skills and previous job details

Interview Preparation Tips

Topics to prepare for Accenture Executive Accountant interview:
  • Maths
  • General topic
Interview preparation tips for other job seekers - It is very useful to job seekers
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LTIMindtree Interview FAQs

How many rounds are there in LTIMindtree Executive Accountant interview?
LTIMindtree interview process usually has 1 rounds. The most common rounds in the LTIMindtree interview process are One-on-one Round.
What are the top questions asked in LTIMindtree Executive Accountant interview?

Some of the top questions asked at the LTIMindtree Executive Accountant interview -

  1. what is Bank reconcilation statm...read more
  2. what is Accounts paya...read more

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LTIMindtree Executive Accountant Interview Process

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6% less than the average Executive Accountant Salary in India
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