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MBG Corporate Services Executive Interview Questions and Answers
MBG Corporate Services Executive Interview Experiences
1 interview found
Anonymous
Selected
(1 Question)
- Q1. Stay confident and calm
(1 Question)
- Q1. Stamp duty adjudication regular compliance related questions
Interview questions from similar companies
Selected
I applied via Referral and was interviewed before Apr 2023. There were 2 interview rounds.
(2 Questions)
- Q1. What is Accounts Payable?
- Ans.
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 company's balance sheet.
It represents the short-term debt that a company owes to its creditors.
Examples of Accounts Payable include invoices from suppliers for inventory purchases or services rendered.
Accounts Payable is typically paid within a specified per
- Q2. Explain TDS sec 194j and its limit?
- Ans.
TDS sec 194j is a section of the Income Tax Act that deals with TDS on fees for professional or technical services.
TDS sec 194j requires deduction of tax at source at the rate of 10% on fees for professional or technical services.
The limit for TDS under sec 194j is Rs. 30,000 for a single payment or Rs. 1,00,000 in aggregate during the financial year.
If the payment is made to an individual or HUF, the TDS rate is 10%. ...
(1 Question)
- Q1. Difference between GSTR-2A and GSTR-2B?
- Ans.
GSTR-2A is auto-populated with data from suppliers, while GSTR-2B is a static statement generated by the taxpayer.
GSTR-2A is generated by the GST system based on the data uploaded by suppliers.
GSTR-2B is a static statement generated by the taxpayer after considering amendments, credit notes, etc.
Taxpayers can make changes to GSTR-2B before filing, but not to GSTR-2A.
GSTR-2A helps in reconciliation of input tax credit, ...
Selected
I applied via Campus Placement and was interviewed before Oct 2022. There were 4 interview rounds.
Basic questions related to English grammer, Quantitative Aptitude & reasoning were asked.
Questions were asked to test the proficiency in Data Structure, Core OOPs principles and any programming language.
(1 Question)
- Q1. What is inheritance, describe polymorphism, Tell me some Java 8 features, how stack works, differentiate between stack and queue considering their working, describe enhanced for loop in java, differentiate...
- Ans.
Inheritance is a mechanism in which a new class inherits properties and behaviors from an existing class. Polymorphism allows objects of different classes to be treated as objects of a common superclass.
Java 8 features include lambda expressions, functional interfaces, streams, and default methods.
Stack is a data structure that follows the Last In First Out (LIFO) principle, while a queue follows the First In First Out...
Interview Preparation Tips
Skills evaluated in this interview
I applied via LinkedIn and was interviewed in Feb 2021. There were 5 interview rounds.
Interview Questionnaire
5 Questions
- Q1. IND AS 116, CARO REPORTING 2016 AND 2020
- Q2. IND AS 115, 109, 110
- Q3. SA 570, 705, 320 AND 240
- Q4. Contingent Liability and subsequent events
- Q5. Trade Receivables and Trade Payables analysis
Interview Preparation Tips
Ashi Goyal
(1 Question)
- Q1. Prelim screening round with recruiter
(1 Question)
- Q1. Managerial discussion and subjective interview
Excel and Case study round wrt to the service line
(1 Question)
- Q1. Final round with Director
Selected
I applied via Approached by Company and was interviewed before Feb 2023. There was 1 interview round.
(4 Questions)
- Q1. Audit Assertions
- Q2. Sampling Methods
- Q3. Audit Reports Types
- Q4. Where do see yourself in next 5 Years
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Nov 2021. There was 1 interview round.
Interview Questionnaire
5 Questions
- Q1. Difference between limited review and audit
- Ans.
Limited review is less extensive than an audit, providing limited assurance on financial statements.
Limited review is a less comprehensive examination of financial statements compared to an audit.
An audit involves a detailed examination of financial records, transactions, and internal controls.
A limited review provides a moderate level of assurance on the accuracy and reliability of financial statements.
Audits are typi...
- Q2. Why quarterly financial results are called unaudited financial statements?
- Ans.
Quarterly financial results are unaudited as they are not verified by an external auditor.
Quarterly financial results are released every three months and provide a snapshot of a company's financial performance.
These statements are not verified by an external auditor, unlike annual financial statements.
The unaudited financial statements are subject to change and may not be as accurate as audited financial statements.
Inv...
- Q3. 5 Accounting assumptions
- Ans.
The 5 accounting assumptions are basic principles that guide the preparation of financial statements.
1. Going Concern: Assumes that the business will continue to operate indefinitely.
2. Consistency: Requires consistent accounting methods and practices over time.
3. Accrual: Records transactions when they occur, not when cash is exchanged.
4. Monetary Unit: Assumes that financial transactions are measured in a stable curr...
- Q4. Difference between As 9 and Ind AS 115
- Ans.
AS 9 and Ind AS 115 are accounting standards that differ in revenue recognition principles.
AS 9 follows the 'realization' principle, recognizing revenue when it is realized or realizable.
Ind AS 115 follows the 'control' principle, recognizing revenue when control of goods or services is transferred to the customer.
AS 9 allows revenue recognition at different stages of completion, while Ind AS 115 requires a more string...
- Q5. Question related to your CV
Interview Preparation Tips
(1 Question)
- Q1. Question related with salary expectations, strength and weakness
(1 Question)
- Q1. Question relating with IND AS, Schedule 3, CARO, standard on auditing
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Apr 2021. There were 3 interview rounds.
Interview Questionnaire
2 Questions
- Q1. Describe about yourself
- Q2. Behavioural questions
Interview Preparation Tips
Selected
I applied via Referral and was interviewed in Jul 2023. There were 2 interview rounds.
(3 Questions)
- Q1. Nothing much to say, hence not mentioned any
- Q2. Nothing much to say, hence not adding anything here
- Q3. Nothing much to say again, hence skipping this field
Interview Preparation Tips
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MBG Corporate Services Interviews By Designations
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MBG Corporate Services Executive Interview Process
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Interview experience
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MBG Corporate Services Executive Reviews and Ratings
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Manager
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Assistant Manager
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Executive
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Business Development Manager
8
salaries
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