Manohar Chowdhry & Associates Assistant Manager Interview Questions and Answers

Q1. Team handling, training to new staff
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Q2. Budget, target work
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Q1. HR tell about yourself
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Q2. R u comfortable for this place
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Mail writing test and angry client

Q1. Tell about yourself and family background
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Q2. Knowledge about ur core subject
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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. What do you mean by audit
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Audit is a systematic examination of financial records, statements, and transactions of an organization.
• Audit is conducted to ensure accuracy, reliability, and compliance with laws and regulations.

• It involves examining financial records, statements, and transactions of an organization.

• Auditors provide an opinion on the fairness and accuracy of the financial statements.

• Types of audits include internal audit, external au...read more
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Q2. Difference between statutory audit and internal audit
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Statutory audit is mandatory and conducted by external auditors while internal audit is voluntary and conducted by internal auditors.
• Statutory audit is conducted to ensure compliance with legal and regulatory requirements while internal audit is conducted to evaluate and improve the effectiveness of internal controls.

• Statutory audit is mandatory for all companies while internal audit is voluntary and can be conducted b...read more
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Q1. Managerial Round
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Q2. Intro, Steps to make an impact on given position, why did u leave previous Org
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Q1. Tell me something about yourself
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Q2. Brief about your previous Org
Ans. 
I worked at a retail company specializing in home goods.
• Managed a team of 10 sales associates

• Implemented new sales strategies to increase revenue by 15%

• Handled customer complaints and resolved issues effectively
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Q1. Team handling, training to new staff
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Q2. Budget, target work
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