Manohar Chowdhry & Associates Accounts Manager Interview Questions and Answers

Q1. Previous company work experience
Ans. 
I have over 10 years of experience in finance and accounts, including managing budgets, financial reporting, and overseeing audits.
• Managed financial reporting processes for monthly, quarterly, and annual statements

• Led budget planning and analysis to ensure financial goals were met

• Oversaw internal and external audits to ensure compliance with regulations

• Implemented cost-saving measures to improve overall financial perfo
Answered by AI
Add your answer
Q2. Process related questions
Add your answer

Q1. General interview questions
Add your answer
Q2. Process related questions
Add your answer

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
Answered by AI
Add your answer
Q2. What is indirect tax
Ans. 
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.
Answered by AI
Add your answer
Q3. What is capital gain
Ans. 
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.
Answered by AI
Add your answer
Q4. Slab reates of income tax
Ans. 
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%
Answered by AI
Add your answer
Q5. Induction to ur self
Ans. 
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
Answered by AI
Add your answer

Different type of journal entries

Different situations and journal entries

Q1. TELL ME ABOUT YOURSELF
Add your answer
Q2. ARE YOU COMFORTABLE WITH WAZIRPUR LOCATION
Add your answer
Q3. WHAT ARE THE 3 GOLDEN RULES OF ACCOUNTING
Ans. 
The 3 golden rules of accounting are the basic principles that guide the recording of financial transactions.
• The first golden rule is the Personal Account rule, which states that 'Debit the receiver, credit the giver'. For example, when a customer pays cash for goods purchased, the cash account is debited and the sales account is credited.

• The second golden rule is the Real Account rule, which states that 'Debit what co...read more
Answered by AI
Add your answer

Q1. WHAT IS BOOK KEEPING
Ans. 
Bookkeeping is the process of recording, organizing, and maintaining financial transactions of a business.
• Bookkeeping involves recording all financial transactions, such as sales, purchases, and expenses.

• It helps in organizing and categorizing financial data for easy analysis and reporting.

• Bookkeeping ensures accuracy and completeness of financial records.

• It involves tasks like maintaining ledgers, reconciling accounts...read more
Answered by AI
Add your answer
Q2. Where do you live
Add your answer

It's online test will get link in email.we need to complete it with specific time

Online assessment.need to complete it in 12 mins

Q1. Accounting entries
Add your answer
Q2. Basic accounting principles
Add your answer

Q1. Basic accounting principles
Add your answer

Q1. Basic accounting principles
Add your answer

Accounting book maintain at gujarat minarat development corporation limited, (goverment company) Internal audit, statutory audit, tax audit,

Coating related discussion and cost cutting witch area are highly coasting so i reducing the cost this side and proper prepare presentation to my bos

Q1. What is your current salary?
Ans. 
I prefer not to disclose my current salary.
• I believe that my salary is not relevant to my qualifications and experience.

• I am open to discussing my salary expectations for this position.

• I am looking for a fair and competitive salary based on industry standards and my skills.
Answered by AI
Add your answer
Q2. How soon can you join us?
Ans. 
I can join within 2 weeks of receiving an offer.
• I need to give my current employer a 2-week notice period.

• I am available to start immediately after that.

• I can use this time to wrap up any pending work and ensure a smooth transition.

• I am flexible and can adjust my start date based on the company's needs.
Answered by AI
Add your answer