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Mukund M Chitale & Co Interview Questions, Process, and Tips
Top Mukund M Chitale & Co Interview Questions and Answers
- Q1. What is material misstatementasked in Article Assistant interview
- Q2. Personal experience in Balance Sheet Analysisasked in Senior Executive interview
- Q3. AS application in company auditsasked in Assistant Manager interview
Mukund M Chitale & Co Interview Experiences
6 interviews found
Anonymous
General MCQ test based on ca inter syllabus
(2 Questions)
- Q1. What is ind as 115
- Ans.
Ind AS 115 is a revenue recognition standard that outlines the principles for recognizing revenue from contracts with customers.
Ind AS 115 is based on the core principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled.
It replaces the existing revenue recognition guidance in Ind AS ...
- Q2. What is material misstatement
- Ans.
Material misstatement refers to errors or omissions in financial statements that could potentially impact decision-making by users of the statements.
Material misstatement can include errors in recording transactions, misapplication of accounting principles, or intentional fraud.
These misstatements can have a significant impact on the financial health of a company and may lead to legal consequences.
Auditors are responsi...
Interview Preparation Tips
Article Assistant Interview Questions asked at other Companies
(2 Questions)
- Q1. AS application in company audits
- Ans.
AS application is used in company audits to ensure compliance with accounting standards.
AS application is a tool used to check compliance with accounting standards during audits.
It helps in identifying any discrepancies or non-compliance with accounting standards.
AS application can be used to generate reports and recommendations for corrective actions.
Examples of accounting standards include GAAP, IFRS, and SOX.
AS appl...
- Q2. Tax rules for taxation dept
- Ans.
Tax rules for taxation department
Taxation department is responsible for enforcing tax laws and collecting taxes
Tax rules vary depending on the type of tax being collected (income tax, sales tax, property tax, etc.)
Tax rules also vary by jurisdiction (federal, state, local)
Taxation department must stay up-to-date on changes to tax laws and regulations
Penalties may be imposed for non-compliance with tax rules
Interview Preparation Tips
Assistant Manager Interview Questions asked at other Companies
Selected
I applied via LinkedIn and was interviewed before May 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Family Background
- Q2. Work Preferences
(2 Questions)
- Q1. Recent Company Audit ammendments
- Ans.
Recent Company Audit amendments include changes in financial reporting standards and regulations.
Changes in accounting standards such as ASC 606 for revenue recognition
Updates in auditing regulations like PCAOB inspection reports
Revisions in internal control requirements under SOX compliance
Impact of COVID-19 on audit procedures and reporting
- Q2. Personal experience in Balance Sheet Analysis
- Ans.
I have extensive experience in analyzing balance sheets to assess financial health and make strategic decisions.
Utilized financial ratios like current ratio and debt-to-equity ratio to evaluate liquidity and leverage
Identified trends in assets, liabilities, and equity to understand financial performance over time
Performed variance analysis to compare actual results with budgeted or forecasted figures
Used balance sheet ...
Interview Preparation Tips
Senior Executive Interview Questions asked at other Companies
Pooja Nayak
Selected
I applied via campus placement at M L Dahanukar College of Commerce, Mumbai and was interviewed before Jun 2023. There were 3 interview rounds.
(1 Question)
- Q1. Had received called from them. Had Asked basic HR Questions- Tell me about yourself? Why are you interested to work here? and then had arrange the further interview process.
Aptitude test was regarding the Taxation and Basic General Knowledge Questions
(1 Question)
- Q1. 1. What documents would you check to verify the doctor's returns? 2. What do you do in your free times? 3. What are your strength and Weakness? 4. What is your long term goals? 5. Do you have questions to ...
Interview Preparation Tips
2. Prepare basic interview question very well along with the position for you have applied.
Article Assistant Interview Questions asked at other Companies
Mukund M Chitale & Co interview questions for popular designations
Selected
I applied via Company Website and was interviewed before Feb 2023. There were 2 interview rounds.
GK and technical questions
(1 Question)
- Q1. AS, Audit and Tax provisions
Article Assistant Interview Questions asked at other Companies
Selected
I applied via Approached by Company and was interviewed before Sep 2022. There were 2 interview rounds.
(2 Questions)
- Q1. What is the difference between continuity and going concern
- Q2. Condition for tax audit
- Ans.
Tax audit is required if turnover exceeds specified limit or income is below prescribed percentage of turnover.
Tax audit is required if the turnover of a business exceeds Rs. 1 crore in case of a business and Rs. 50 lakhs in case of a profession.
Tax audit is also required if the income of a business is less than 8% of the turnover and in case of a profession, if the income is less than 50% of the gross receipts.
Tax aud...
Article Assistant Interview Questions asked at other Companies
Top trending discussions
Interview questions from similar companies
I was interviewed in Feb 2025.
It was a Coderbyte coding challenge consisting of questions at an average level of difficulty.
(2 Questions)
- Q1. English test consist of 3 questions, 1. write a reply mail 2. correct the casual mail 3. why you are fit for this role. The test duration was 30 mins and during the test, The screen will be shared and v...
- Q2. Logical test consist of 28 questions in 30 mins, All questions were based on general maths, aptitude and basic general knowledge.
(1 Question)
- Q1. This round was 2 hr long, They started with a basic introduction and gave me a react component based question that I had to implement from stratch by screen sharing, they will also discuss your code later.
Interview Preparation Tips
- Practice CURD operations
- Api Calling and handling
- Implementation of Redux Store
Selected
Kind a hard question
It is challenging to work with an unprepared candidate.
(2 Questions)
- Q1. What are the effective strategies for selling a pencil?
- Q2. I don't know how to sell it
I applied via Campus Placement
It was a MCQ test on CS Fundamentals. We have to answer 50 questions in 40 minutes. Accuracy is must. Company have its own cutoff and it's usually high. So try to gain maximum marks as possible. The results were announced in 1.5 hrs. The selected candidates will be appearing for the coding challenge.
There are 5 questions. 1 easy , 3 medium, 1 hard. You should solve atleast 4 questions to get shortlisted for the interview. Results are announced in 2-3 hours. Take a look at these questions. One of the questions from the coding challenge will be asked in the interview.
(5 Questions)
- Q1. Email validation question from coding challenge
- Q2. Binary Search on rotated arrays
- Ans.
Binary search on rotated arrays involves finding a target value in a sorted array that has been rotated at an unknown pivot point.
Identify the pivot point by finding the minimum element in the array.
Determine which half of the array the target value falls into based on the pivot point.
Perform binary search on the appropriate half of the array to find the target value.
- Q3. About projects (reason behind using the mentioned database)
- Q4. Use of package.json file
- Ans.
package.json file is used in Node.js projects to manage dependencies, scripts, and metadata.
Contains project metadata like name, version, description, etc.
Lists dependencies required for the project to run.
Defines scripts for tasks like building, testing, and running the project.
Can include configurations for tools like ESLint, Babel, etc.
- Q5. What are scripts in package.json file
- Ans.
Scripts in package.json file are commands that can be run using npm.
Scripts are defined under the 'scripts' key in package.json.
Common scripts include 'start', 'test', 'build', etc.
Scripts can be run using 'npm run
'.
Interview Preparation Tips
Skills evaluated in this interview
Selected
I applied via LinkedIn and was interviewed in Dec 2024. There were 2 interview rounds.
General basic assessment.
(1 Question)
- Q1. They will give you few PDFs to read and then MCQ from that.
Interview Preparation Tips
On the starting date you'll again message one person(Yashima Kamra) on Skype, they'll give you 'Zulip'(it's an open source chat system, interface is kind of like Discord but too basic) access. Now you need to message in an assigned group in Zulip. The Zulip part is 'Training' in real but good luck getting any support from the other person. He/she will just give you commands, and if you ask any questions or ask for assistance to understand the new process they'll simply ignore that.
Then if you're lucky like me one day they'll report that you're ate fault, you haven't reported so they've revoked your Zulip access.
I have joined there or you can say hoped to work atleast(as it was 4 hours/day job) but that's not possible it seems.
If you're looking for jobs here I'd suggest to give it a try ofcourse so that people can actually know about this company's rubbish people.
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Interview Questions for Popular Designations
Mukund M Chitale & Co Interview Process
based on 7 interviews
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Mukund M Chitale & Co Reviews and Ratings
based on 18 reviews
Rating in categories
|
Senior Executive
30
salaries
|  ₹6 L/yr - ₹10 L/yr |
|
Assistant Manager
20
salaries
| ₹7.5 L/yr - ₹13.5 L/yr |
|
Article Assistant
16
salaries
| ₹0.9 L/yr - ₹3 L/yr |
|
Senior Audit Executive
7
salaries
| ₹6.2 L/yr - ₹9.6 L/yr |
|
Audit Executive
5
salaries
| ₹2 L/yr - ₹5.7 L/yr |
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