MAKKS & CO. Chartered Accountants Interview Questions and Answers

Q1. Self introduction
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Q2. Speak on any topic for 5 min
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Q1. What is the role of tax associate
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Q2. How do you help for the management
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Just simple medical terms test

Q1. Tell me something about yourself
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I am a dedicated and experienced professional with a strong background in leadership and team management.
• Over 5 years of experience in leading teams towards successful project completion

• Skilled in conflict resolution and team motivation

• Strong communication and interpersonal skills

• Proven track record of meeting and exceeding team goals
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Q2. What are your previous experience
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Q3. Tell me about this modifier that modifier and so much technicality.
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Tds & gst journal entries and due dates were asked

Q1. Salary expectations
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Q2. Work experience
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Q3. If the location is comfortable or not
Ans. 
Yes, the location is comfortable with spacious workstations and natural lighting.
• Spacious workstations provide ample room to work comfortably

• Natural lighting creates a pleasant work environment

• Accessible amenities such as restrooms, kitchen, and parking contribute to comfort
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Q1. Due dates of tds & gst
Ans. 
TDS due date is 7th of the following month, GST due date is 20th of the following month.
• TDS payment due date is 7th of the following month after deduction.

• GST payment due date is 20th of the following month for regular taxpayers.

• For taxpayers with turnover exceeding Rs. 5 crore, GST due date is 20th of the next month for GSTR-3B and 24th for GSTR-1.

• Late payment of TDS attracts interest at 1.5% per month or part thereof...read more
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Q2. Journal entries
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Q3. Excel related questions
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Q1. Is code for billing purpose
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Q2. 1200
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Q1. What is accounting
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples include balance sheets, income statements, and cash flow statements
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Q2. What is indirect tax
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Indirect tax is a tax collected by an intermediary (such as a retailer) from the person who ultimately bears the economic burden of the tax.
• Indirect taxes are not directly paid by the consumer to the government.

• They are imposed on goods and services, and the burden is passed on to the final consumer.

• Examples include sales tax, value-added tax (VAT), excise duty, and customs duty.
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Q3. What is capital gain
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Capital gain is the profit that results from a sale of a capital asset, such as stocks, bonds, or real estate.
• Capital gain is the difference between the purchase price and the selling price of an asset.

• It is considered a taxable event by the IRS.

• Long-term capital gains are taxed at a lower rate than short-term capital gains.

• Examples of capital assets include stocks, bonds, real estate, and precious metals.
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Q4. Slab reates of income tax
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Income tax slab rates are the different levels of income at which different tax rates apply.
• Income up to Rs. 2.5 lakh is exempt from tax

• Income between Rs. 2.5 lakh to Rs. 5 lakh is taxed at 5%

• Income between Rs. 5 lakh to Rs. 10 lakh is taxed at 20%

• Income above Rs. 10 lakh is taxed at 30%
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Q5. Induction to ur self
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I am a detail-oriented and organized individual with a strong background in accounting and finance.
• Bachelor's degree in Accounting

• 2+ years of experience in accounts payable and receivable

• Proficient in using accounting software such as QuickBooks

• Strong analytical and problem-solving skills

• Excellent communication and interpersonal skills
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Q1. Call me when you are free gha
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Q2. Bank ki velthuna annayaa ka veyalla hai na
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Have your brand with Budget in the world and general stores in the world and general stores in

Very good that I can go to the office ki velladu

Q1. There is no hr round
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Q2. There is no mechanism of good induction also
Ans. 
Induction is a crucial process for new employees to familiarize themselves with the organization and their roles.
• Induction helps new employees understand the company culture and values.

• It provides necessary information about policies, procedures, and expectations.

• Effective induction programs can improve employee retention and engagement.

• Examples: Onboarding sessions, mentorship programs, welcome kits.
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Q1. Prepaid expenses entry
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Q2. Basic accounting question
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Q1. Tell me about yourself Caro 20 amendment Schedule 3 amendment
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I am a dedicated and experienced consultant with a strong background in project management and problem-solving skills.
• Briefly mention your professional background and experience

• Highlight key skills and strengths relevant to consulting

• Mention any specific achievements or projects that showcase your abilities

• Discuss your passion for helping clients achieve their goals
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Q1. Intro Few question
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