Lulu International Shopping Mall Chief Accountant Interview Questions and Answers

Q1. What is the difference between 2A and 2b
Ans. 
2A and 2B are different subtypes or classifications within a larger category.
• 2A and 2B are typically used to differentiate between similar items or concepts.

• They may represent different levels, versions, or variations of the same thing.

• For example, 2A could refer to a higher level or more advanced option compared to 2B.

• The distinction between 2A and 2B is important for categorization and organization purposes.
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Q2. What is blocked credit in gst .
Ans. 
Blocked credit in GST refers to input tax credit that cannot be utilized for payment of output tax liability.
• Blocked credit includes items like motor vehicles, food and beverages, health services, etc.

• Input tax credit on blocked items cannot be used to pay output tax liability.

• Blocked credit provisions are specified under Section 17(5) of the CGST Act.
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Q3. How to reverse input tax credit on fixed assets and expenses if there is nill rate supply
Ans. 
Reverse input tax credit on fixed assets and expenses for nill rate supply
• Identify the fixed assets and expenses for which input tax credit needs to be reversed

• Calculate the amount of input tax credit to be reversed

• Reverse the input tax credit in the accounting records

• Adjust the tax liability accordingly
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Q4. Difference between nill rate supply and exempt supply
Ans. 
Nil rate supply is taxable but at a rate of 0%, while exempt supply is not taxable at all.
• Nil rate supply is a taxable supply but at a rate of 0%, meaning that the supplier can claim input tax credits on related expenses.

• Exempt supply is not taxable at all, meaning that the supplier cannot claim input tax credits on related expenses.

• Examples of nil rate supply include certain food items and healthcare services, while e...read more
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Multipal choice question

Coding test only they are asking

Assessment test only they are asking

Case study only asking

Group discussion only they are asking

Q1. HR intervew only they are asking
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Q1. Technical test only they are asking
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Q1. One-on-one Round only they are askinh
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Coding test only for asking

Q1. Introduce your self only
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Q1. HR only thery are asking
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Q1. Technical question only
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Case study only asking

Assignment only they asking

Q1. Ap overview and journals
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Q2. Inquiry GRIR and Ageing
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Q1. Data explain about yourself
Ans. 
I am a highly motivated and detail-oriented individual with a strong background in data analysis and problem-solving.
• Proficient in data manipulation and analysis using tools like Excel, SQL, and Python.

• Experienced in conducting statistical analysis and creating data visualizations.

• Strong problem-solving skills with the ability to identify patterns and trends in data.

• Excellent communication skills, both written and verb...read more
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Q2. Explain About yourself
Ans. 
I am a highly motivated and detail-oriented individual with a strong background in finance and accounting.
• Bachelor's degree in Finance

• 3 years of experience in financial analysis

• Proficient in financial modeling and forecasting

• Strong analytical and problem-solving skills

• Excellent communication and interpersonal skills
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Q3. Explain knowledge and skills
Ans. 
Knowledge and skills refer to the understanding and abilities that an individual possesses.
• Knowledge is the theoretical understanding of a subject or topic.

• Skills are the practical abilities to perform tasks or apply knowledge.

• Knowledge can be acquired through education, training, or experience.

• Skills are developed through practice and hands-on experience.

• Examples of knowledge include understanding of programming langu...read more
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Q4. Explain about qualification
Ans. 
Qualification refers to the education, skills, and experience required for a particular job or role.
• Qualification includes academic degrees, certifications, and relevant work experience.

• It demonstrates the candidate's knowledge, expertise, and ability to perform the job.

• Examples of qualifications can be a Bachelor's degree in Computer Science, a certification in project management, or 5 years of experience in marketing...read more
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Q1. Knowledge about vacancy requirements
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Q1. Hr will ask questions related about your job profile,Roles and Responsibilities and your introduction.
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Basic accounting questions,questions to solve maths problems, English grammar

Q1. Be prepared for introduction,basic accounts of Accounts Payable and end to end process which your currently working. Be confident don't be nervous.
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Q1. Team lead question for QA
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Q2. API testing from Postman tool
Ans. 
Postman is a popular tool for API testing, allowing users to send requests, receive responses, and automate testing workflows.
• Postman allows users to easily create and send API requests using a user-friendly interface.

• Users can organize their API requests into collections for easier management and sharing.

• Postman supports various authentication methods, including basic authentication, OAuth, and API keys.

• Users can writ...read more
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Q1. Salary discussion and negotiations and job locations
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Q1. Basic accounting and work experience
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