Mahadev Enterprises Junior Accountant & Admin Interview Questions and Answers

Q1. Dividend payable journal entry
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Q2. Shareholder expenses journal entry
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Q3. Income tax provision
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Q4. Goods purchased and discount received JE
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Q5. R&S, provision, prepaid, Accrued, Deferred Revenue. Meaning and journal entries
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Q6. GST input setoff entries
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Accounting questions for aptitude test

Q1. What is working capital
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Working capital is the difference between a company's current assets and current liabilities.
• Working capital is a measure of a company's operational efficiency and short-term financial health.

• It shows how much liquid assets a company has available to meet its short-term obligations.

• Formula: Working Capital = Current Assets - Current Liabilities

• Examples of current assets: cash, accounts receivable, inventory

• Examples of ...read more
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Q2. What is a accounting process
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Accounting process refers to the series of steps taken to record, analyze, and report financial transactions of a business.
• The accounting process starts with identifying and recording financial transactions.

• Transactions are then classified into different accounts based on their nature (e.g. assets, liabilities, equity, revenue, expenses).

• The recorded transactions are then summarized and analyzed to prepare financial st...read more
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Q3. All accounting questions
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Q4. State the three main types of accounting
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The three main types of accounting are financial accounting, management accounting, and tax accounting.
• Financial accounting focuses on recording and reporting financial transactions of a business.

• Management accounting involves providing information to help with internal decision-making and planning.

• Tax accounting deals with tax-related matters, such as preparing tax returns and ensuring compliance with tax laws.
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Q5. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: 1. Debit the receiver, credit the giver 2. Debit what comes in, credit what goes out 3. Debit expenses and losses, credit income and gains

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a...read more
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Q1. Ask me about my abilities
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Q1. -Case based on question or professional skepticism to check person's ability to apply auditing concepts in practical situations. -Why Deloitte. -Why Audit. -What is process and control. -Journal entries fo...read more
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Q2. -introduction of Yourself
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Q3. Why Deloitte and why Audit Profile.
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Q4. What is process and control
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Process and control refer to the steps taken to ensure that a business operates efficiently and effectively.
• Process involves the steps taken to complete a task or achieve a goal.

• Control involves the measures taken to ensure that the process is carried out correctly and efficiently.

• Examples of process and control include creating standard operating procedures, implementing quality control measures, and conducting regula...read more
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Q5. Case based questions.
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Q6. Journal entries of provision on debtors and Bad debts
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Journal entries for provision on debtors and bad debts
• Provision for doubtful debts is created to account for potential bad debts

• Provision on debtors is a contra account to accounts receivable

• Journal entry for provision on debtors: Debit Provision for Doubtful Debts, Credit Accounts Receivable

• Journal entry for bad debts: Debit Bad Debts Expense, Credit Provision for Doubtful Debts
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Q1. Tell me about yourself
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Q2. This question is usually the first question in an interview, and it is a way to break the ice. You should answer this question by giving a brief overview of your education, work experience, and skills. You...read more
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Q1. Tell me self My name is sk mahammad rafi I am studying in mba My proper is andhrapradesh Gunter Playing game in cricket My hobi is reading books
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Q1. INCOME TAX , GST
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Q1. TDS, STATUTORY AUDIT
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Q1. Basic introduction, salary expectations, etc.
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Q1. For a customer service associate, they asked conducted tests on general english writing skills as I was going to support email customers.
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Q2. For the Finance & Accounts/R2R role, they asked questions regarding basic journal entries
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Q3. For the R2R, they also asked regarding capitalization, so learn some basic accounting terminologies.
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Q4. For the R2R role, they asked regarding my flexiblity as well, as the role requires working long hours, so if you want the job, just answer positively.
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