McKinsey & Company General Accountant Interview Questions and Answers

Q1. Tell me your self
Ans. 
I am a detail-oriented accountant with 5 years of experience in financial reporting and analysis.
• I have a Bachelor's degree in Accounting from XYZ University.

• I am proficient in using accounting software such as QuickBooks and SAP.

• I have experience preparing monthly financial statements and analyzing variances.

• I am skilled in budgeting and forecasting.

• I have excellent communication and interpersonal skills.
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Q2. What is currently CTC
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Current CTC refers to the total salary package of an employee including all benefits and allowances.
• CTC includes salary, bonuses, benefits, and allowances

• It does not include deductions like taxes or insurance premiums

• Example: An employee's CTC is $60,000 per year
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Impact on social media

Apitude test and recently news

Q1. INCOME TAX , GST
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Q1. TDS, STATUTORY AUDIT
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Q1. Explain in detail about accounts
Ans. 
Accounts refer to the financial records of an organization that track its transactions and financial position.
• Accounts are used to record financial transactions such as sales, purchases, and expenses.

• They help in tracking the financial position of an organization by maintaining records of assets, liabilities, and equity.

• Accounts are classified into different categories such as revenue, expenses, assets, liabilities, an...read more
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Q2. Explain about gst and it's pro's and cons
Ans. 
GST is a value-added tax levied on goods and services in India.
• Pro's: Simplifies tax structure, reduces tax evasion, promotes ease of doing business

• Cons: Initial implementation challenges, increased compliance burden for small businesses

• Example: GST replaced multiple indirect taxes like VAT, service tax, excise duty, etc.

• Example: GST has different tax rates for different goods and services, ranging from 0% to 28%

• Exampl...read more
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GD on Artificial Intelligence

Verbal and Reasoning

Q1. Tell me abour your self
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Q2. Eexperience and background
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Q1. Why should we hire you
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Q2. What are your areas of expertise
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Q1. Depreciation calculation
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Q2. Other work and experience related
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Q3. Tds rates, nature of revenues
Ans. 
TDS rates vary based on the nature of revenues, such as salary, interest, rent, etc.
• TDS rates are determined by the government and vary depending on the type of income

• For example, TDS on salary income is deducted at different rates compared to TDS on interest income

• Nature of revenues can include salary, interest, rent, commission, etc.

• It is important for an Executive Accountant to be familiar with the different TDS rat
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