Moon SEZ Consultants Back Office Executive Interview Questions and Answers

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.

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...read more
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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...read more
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Q1. Ifrs 115 explain
Ans. 
IFRS 15 is a revenue recognition standard that outlines principles for recognizing revenue from contracts with customers.
• IFRS 15 provides a single, comprehensive framework for revenue recognition

• It requires entities to identify performance obligations in a contract and allocate the transaction price to each obligation

• The standard also includes guidance on when to recognize revenue over time or at a point in time

• IFRS 15...read more
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Q2. Ifrs 116 explain
Ans. 
IFRS 16 is a new accounting standard for leases that requires lessees to recognize assets and liabilities for all leases.
• IFRS 16 replaces the previous standard IAS 17 for lease accounting

• Under IFRS 16, lessees must recognize a right-of-use asset and a lease liability on their balance sheet for all leases, except for short-term leases and low-value assets

• The standard aims to provide more transparency and comparability i...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 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
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Q2. Explain TDS sec 194j and its limit?
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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%. ...read more
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Q1. Difference between GSTR-2A and GSTR-2B?
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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, ...read more
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Q1. What is your ambition?
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Q1. IGAAP Caro indas audit report
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Q1. Ctc discussion and leave othe policy
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Q1. Final discussion and offer
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