M & M Machine Craft Senior Executive and Accountant Interview Questions and Answers

NPV (Net Present Value) is a financial metric that calculates the difference between the present value of cash inflows and outflows. IRR (Internal Rate of Return) is the discount rate that makes the net present value of all cash flows from a particular project equal to zero.

• NPV helps in determining the profitability of an investment by comparing the present value of expected cash inflows with the present value of expec...read more

ABC costing is a method of cost accounting that identifies the activities that drive costs and assigns those costs to products or services.

• ABC costing stands for Activity-Based Costing

• It is used to allocate indirect costs to products or services based on the activities that drive those costs

• It helps in identifying the true cost of a product or service

• Example: A company that produces multiple products can use ABC costin...read more

Variance analysis is a tool used to compare actual results to budgeted or expected results.

• It helps identify areas where actual results differ from expected results

• Formulas used in variance analysis include: variance = actual - budgeted, variance percentage = (variance / budgeted) * 100

• Variance analysis can be used in various areas such as finance, accounting, and operations management

• Example: If a company budgeted $10...read more

TDS is deducted on purchase exceeding a certain limit

• TDS is deducted on purchase exceeding Rs. 50,000 for goods and Rs. 1,00,000 for services

• The rate of TDS varies depending on the nature of the transaction and the category of the deductee

• TDS is deducted at the time of payment or credit, whichever is earlier

I am an experienced accountant with a strong attention to detail and a passion for numbers.

• Experienced accountant with a track record of accurately managing financial records

• Strong attention to detail and ability to analyze complex data

• Proficient in financial software and Excel spreadsheets

• Excellent communication and problem-solving skills

• Managed a team of accountants to streamline financial processes and improve effic

Yes, I am okay with off roll job.

• I am open to considering off roll job opportunities.

• I understand the nature of off roll jobs and am willing to adapt.

• I believe off roll jobs can provide valuable experience and growth.

• I am flexible and can handle the challenges of off roll jobs.

• I am confident in my abilities to excel in any job role, whether on or off roll.