Mroads Accountant Interview Questions and Answers

Position or post calling for specified duties to which an employee is assigned for a definite or indefinite period of time but which has not been designated as a work classification.

Q1. What is tha accounts?
Ans. 
Accounts refer to the records of financial transactions of a business or organization.
• Accounts are used to track income, expenses, assets, and liabilities.

• They help in analyzing the financial health of a company.

• Examples of accounts include cash, accounts receivable, inventory, and accounts payable.
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Q2. What is tha payable and receivable
Ans. 
Payable and receivable refer to amounts owed by a company (payable) and amounts owed to a company (receivable).
• Payable refers to money owed by a company to its suppliers or vendors

• Receivable refers to money owed to a company by its customers or clients

• Payable and receivable are recorded on a company's balance sheet

• Examples: Accounts payable, accounts receivable
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Q3. What is TDS ?
Ans. 
TDS stands for Tax Deducted at Source, which is a system where tax is deducted by the payer at the time of making payment.
• TDS is a form of advance tax which ensures that the government receives tax revenue in advance.

• It is applicable to various payments such as salary, interest, commission, rent, etc.

• The deducted TDS amount is then deposited with the government on behalf of the recipient.

• TDS rates vary depending on the...read more
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Q4. What is tally used for ?
Ans. 
Tally is a software used for accounting and financial management.
• Tally is used for recording financial transactions.

• It helps in managing accounts, generating reports, and analyzing data.

• Tally is commonly used by businesses for bookkeeping and tax compliance.

• It can also be used for inventory management and payroll processing.
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Q5. What is tally skills?
Ans. 
Tally skills refer to proficiency in using Tally software for accounting purposes.
• Tally skills involve knowledge of creating and managing accounts, generating financial reports, and performing audits.

• Proficiency in data entry, reconciliation, and inventory management using Tally is essential.

• Examples of Tally skills include creating ledgers, recording transactions, and generating balance sheets.

• Knowledge of shortcuts a...read more
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Q1. Self introduction
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Q2. Why do you left your previous company
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Q1. How many types of financial statements
Ans. 
There are three main types of financial statements: balance sheet, income statement, and cash flow statement.
• Balance sheet shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

• Income statement shows a company's revenues, expenses, and profits over a period of time.

• Cash flow statement shows how changes in balance sheet and income statement affect cash and cash equivalents.
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Q2. Difference between trial balance and balance sheet
Ans. 
Trial balance is a list of all ledger accounts with their closing balances, while balance sheet is a financial statement showing assets, liabilities, and equity at a specific point in time.
• Trial balance is an internal document used to ensure the debits and credits are equal before preparing financial statements.

• Balance sheet is a financial statement that shows the company's financial position at a specific point in tim...read more
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Q1. Journal entry for prepaid expenses
Ans. 
Journal entry for prepaid expenses involves debiting an asset account and crediting a prepaid expense account.
• Prepaid expenses are expenses paid in advance but not yet incurred.

• To record prepaid expenses, debit the Prepaid Expense account and credit the Cash/Bank account.

• As the prepaid expense is incurred, it is transferred from the Prepaid Expense account to the Expense account.

• Example: Payment of insurance premium in...read more
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Q2. Journal entry for purchase return
Ans. 
Journal entry for purchase return involves debiting accounts payable and crediting inventory account.
• Debit accounts payable to reduce liability

• Credit inventory account to reduce inventory on hand

• Example: Debit Accounts Payable $500, Credit Inventory $500
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We are about the question

How many companies are you working

Availability of course in company

Q1. Technical features of your company
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Q2. How many more than years in company managing
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Q3. Any technical support Engineer at jobs in the market
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Q4. Technical support billing for your caring
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Q5. How do you have any situation for all members
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Q6. Any idea about the question
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Q7. Description any situation
Ans. 
Describing a situation where you had to resolve a discrepancy in financial records
• Identify the source of the discrepancy

• Review all relevant financial documents

• Communicate with relevant parties to gather information

• Reconcile the accounts to find the root cause of the discrepancy

• Implement corrective measures to prevent future discrepancies
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Q1. Only for now you job application for made
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Q2. Internet connection for your leaving this company
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Q3. Your experience for job application
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Q4. Accountant experience for a job
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Q5. How many years of experiene
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Q6. Any situation for your leaving this job
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Q7. What topic and course in
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Q1. Any members of your company managing her
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Q2. How many people are their company
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Q3. Whole members are group discussion of company
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Q4. Add any situation for your leaving
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Q5. All inclusive person are the company
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Q6. Any idea for company managing director
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Q7. Profile and losses are their any situation for all members will give for strength
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Allow the group discussion in the market

Q1. Self introduction
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Q2. About the role and responsibilities
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Q1. Tell me about yourself
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Q2. This question is usually the first question in an interview, and it is a way to break the ice. You should answer this question by giving a brief overview of your education, work experience, and skills. You...read more
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Given Accounts Questions in Excel through online

Asked abt experience & salary

They discussed about your personal activities and professional development

Q1. One and one interview
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Q2. My self know that
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Q3. What you see your self after 5 years
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Q4. Your development in particular field
Ans. 
I have continuously improved my skills and knowledge in accounting through ongoing education and practical experience.
• Completed advanced accounting courses to deepen understanding of complex financial concepts

• Attended seminars and workshops to stay updated on industry trends and regulations

• Gained hands-on experience by working on various accounting projects for different clients

• Obtained professional certifications such
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Q1. Slfe introduction
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Q2. Self introduction Family background Hubbies
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