Masar & Co Assistant Account Executive Interview Questions and Answers

An aptitude test is beneficial for assessing knowledge.

Q1. What is the process for preparing a balance sheet and a profit and loss account?
Ans. 
The process for preparing a balance sheet and a profit and loss account involves gathering financial data, organizing it into categories, calculating totals, and analyzing the results.
• Gather financial data including assets, liabilities, and equity for the balance sheet.

• Organize the data into categories such as current assets, fixed assets, current liabilities, etc.

• Calculate totals for each category to determine the ove...read more
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Q2. What is the process for preparing a revenue account?
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The process for preparing a revenue account involves recording all income earned by a business during a specific period.
• Gather all relevant financial documents such as sales invoices, receipts, and bank statements.

• Calculate the total revenue earned by adding up all income sources.

• Record the revenue in the appropriate accounting software or ledger.

• Ensure all revenue is accurately categorized and any adjustments are made...read more
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Q1. What is Accounts payable
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Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable is a liability on the balance sheet

• It represents the amount of money owed by a company to its suppliers or vendors

• It is typically recorded when goods or services are received but payment has not yet been made

• Accounts payable is an important part of a company's working capital man
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Q2. What is Bank reconcilation statment
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Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
• It is used to identify any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure the accuracy of the company's financial records and the bank's records.

• Once discrepancies are identifi...read more
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Q1. What was round one ?
Ans. I will combine my best .
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Q2. Well done I'm good for my
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Q3. It's good company I appreciate in this
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Q1. Tell me about yourself
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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. Introduction yourself
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Q2. My name is srinivasa,iam from bagepalli I have completed my graduation in govt first grade college in Chikkaballapur , and i have also done for 2nd pu in swamy vivekanand pu college bagepalli, currently st...read more
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Q3. Tell me about your family
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Q4. My father name is eshwarappa, he is a agriculture former, and my monther name is savithramma, she is a home maker,and i have a brother he is studying SSLC, and i have a small family.
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Q5. Tell me about your college days
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Q6. My college days are unforgettable happy days in my life,when I was going to a college at the time I don't know any one, ofter few months I know frds and lectures and i was a regular student.frds are fun wi...read more
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Q1. What are your salary expectations?
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Q2. What is your family background?
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Q3. Share details of your previous job.
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Q4. Why should we hire you?
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Q5. Why are you looking for a change?
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Q6. Where do you see yourself in 5 years?
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Q7. What are your strengths and weaknesses?
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Q8. Tell me about yourself.
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Q9. Tell about collage life
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Q10. Tell about your work
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Any topik with duscussion in group

Q1. Tell about ur work life
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Q2. Tell about your habit
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Q3. Tell about your finacal accouting
Ans. 
I have experience in financial accounting including bookkeeping, financial statement preparation, and budgeting.
• Proficient in using accounting software such as QuickBooks and Xero

• Experience in preparing financial statements including balance sheet, income statement, and cash flow statement

• Knowledge of GAAP and IFRS accounting standards

• Ability to perform bank reconciliations and manage accounts payable and receivable

• Exp...read more
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Q4. Tell about your coummiunity skill
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Q5. Tell about your friends
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Q6. Tell about your study
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Q7. Tell about your learing
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Q8. Tell about your work palce and firend
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Q9. Tell about your salary
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Coding test good learing

Aptitude test very difficult

Case study is different

Assigment is good one