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Mukund M Chitale & Co Interview Questions, Process, and Tips

Updated 6 Nov 2024

Top Mukund M Chitale & Co Interview Questions and Answers

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Mukund M Chitale & Co Interview Experiences

Popular Designations

6 interviews found

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

General MCQ test based on ca inter syllabus

Round 2 - One-on-one 

(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 ...

  • Answered by AI
  • 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...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Just read audit standards general taxation and know about as

Article Assistant Interview Questions asked at other Companies

Q1. What is the difference between emphasis on matter paragraph and key audit matter.
View answer (1)
Interview experience
1
Bad
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(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...

  • Answered by AI
  • 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

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Confidence is required for any interview. Keep your concepts string

Assistant Manager Interview Questions asked at other Companies

Q1. You are Handling cash operations then how you manage operations with sales ?
View answer (89)
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
6-8 weeks
Result
Selected Selected

I applied via LinkedIn and was interviewed before May 2023. There were 2 interview rounds.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Family Background
  • Q2. Work Preferences
Round 2 - One-on-one 

(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

  • Answered by AI
  • 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 ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Nothing specific. They generally hire freshers

Senior Executive Interview Questions asked at other Companies

Q1. If oneday the men power is very less due to some problem and lode is more that day as a senior Exucative, how will u handle your team ?
View answer (56)
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed before Jun 2023. There were 3 interview rounds.

Round 1 - HR 

(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.
Round 2 - Aptitude Test 

Aptitude test was regarding the Taxation and Basic General Knowledge Questions

Round 3 - One-on-one 

(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

Interview preparation tips for other job seekers - 1. Work on your core skills which are you good at.
2. Prepare basic interview question very well along with the position for you have applied.

Article Assistant Interview Questions asked at other Companies

Q1. What is the difference between emphasis on matter paragraph and key audit matter.
View answer (1)

Mukund M Chitale & Co interview questions for popular designations

 Article Assistant

 (4)

 Assistant Manager

 (1)

 Senior Executive

 (1)

Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Feb 2023. There were 2 interview rounds.

Round 1 - Aptitude Test 

GK and technical questions

Round 2 - Technical 

(1 Question)

  • Q1. AS, Audit and Tax provisions

Article Assistant Interview Questions asked at other Companies

Q1. What is the difference between emphasis on matter paragraph and key audit matter.
View answer (1)
Interview experience
3
Average
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before Sep 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Technical 

(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...

  • Answered by AI

Article Assistant Interview Questions asked at other Companies

Q1. What is the difference between emphasis on matter paragraph and key audit matter.
View answer (1)

Interview questions from similar companies

I applied via Referral and was interviewed in Feb 2020. There were 6 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. I am not allowed to reveal

Interview Preparation Tips

Interview preparation tips for other job seekers - I don't think I can reveal the questions but I can tell you that KLA has high standards in interview process.
Some tips for software engineer interview
1. Please prepare to do competitive programming like use leetcode algoexpert hacker rank
2. Some of the important areas are string problems dynamic programming stack based and tree based
3. There can be design round and interesting questions may be encountered

I applied via Walk-in and was interviewed before Jul 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Egerly they asked questions about your inner confidence of tha job seekers

Interview Preparation Tips

Interview preparation tips for other job seekers - Ntg is impossible first you consatret your looking i meen your dress sens... first impression is tha best impression so u look complete formally & kindly answer tha questions very confidently ..be honest delivered good communication skills

I appeared for an interview before Apr 2021.

Round 1 - Coding Test 

(3 Questions)

Round duration - 90 minutes
Round difficulty - Medium

This round had 3 coding questions of Medium to Hard level of difficulty.

  • Q1. 

    Balanced Parentheses Combinations

    Given an integer N representing the number of pairs of parentheses, find all the possible combinations of balanced parentheses using the given number of pairs.

    Explanati...

  • Ans. 

    Generate all possible combinations of balanced parentheses for a given number of pairs.

    • Use recursion to generate all possible combinations of balanced parentheses.

    • Keep track of the number of open and close parentheses used in each combination.

    • Return the valid combinations as an array of strings.

  • Answered by AI
  • Q2. 

    Trapping Rain Water Problem Statement

    You are given a long type array/list ARR of size N, representing an elevation map. The value ARR[i] denotes the elevation of the ith bar. Your task is to determine th...

  • Ans. 

    Calculate the total amount of rainwater that can be trapped between given elevations in an array.

    • Iterate through the array and calculate the maximum height on the left and right of each bar.

    • Calculate the amount of water that can be trapped at each bar by taking the minimum of the maximum heights on the left and right.

    • Sum up the trapped water at each bar to get the total trapped water for the entire array.

  • Answered by AI
  • Q3. 

    Rotting Oranges Problem Statement

    You are given a grid containing oranges where each cell of the grid can contain one of the three integer values:

    • 0 - representing an empty cell
    • 1 - representing a fre...
  • Ans. 

    Find the minimum time required to rot all fresh oranges adjacent to rotten oranges.

    • Create a queue to store the coordinates of rotten oranges and perform BFS to rot adjacent fresh oranges.

    • Track the time taken to rot all fresh oranges and return -1 if not all fresh oranges can be rotten.

    • Update the grid with the new state of oranges after each second.

    • Handle edge cases such as empty grid or no fresh oranges present.

    • Example...

  • Answered by AI
Round 2 - Face to Face 

(3 Questions)

Round duration - 60 Minutes
Round difficulty - Medium

This was a standard DS/Algo round where I was given 2 questions to solve under 60 minutes. I was able to come up with the optimal approach for both the questions and then at the end of the interview I was also asked the famous Die Hard Water Puzzle.

  • Q1. 

    Queue Using Stacks Implementation

    Design a queue data structure following the FIFO (First In First Out) principle using only stack instances.

    Explanation:

    Your task is to complete predefined functions t...

  • Ans. 

    Implement a queue using stacks following FIFO principle.

    • Use two stacks to simulate a queue.

    • For enQueue operation, push elements onto stack1.

    • For deQueue operation, if stack2 is empty, pop all elements from stack1 and push onto stack2, then pop from stack2.

    • For peek operation, if stack2 is empty, pop all elements from stack1 and push onto stack2, then return top of stack2.

    • For isEmpty operation, check if both stack1 and st...

  • Answered by AI
  • Q2. 

    Merge Intervals Problem Statement

    You are provided with 'N' intervals, each containing two integers denoting the start time and end time of the interval.

    Your task is to merge all overlapping intervals a...

  • Ans. 

    Merge overlapping intervals and return sorted list of merged intervals by start time.

    • Sort the intervals based on start time.

    • Iterate through intervals and merge overlapping ones.

    • Return the merged intervals in sorted order.

  • Answered by AI
  • Q3. You have a 3-liter jar and a 5-liter jar. How can you measure exactly 4 liters using these two jars?
Round 3 - Face to Face 

(4 Questions)

Round duration - 60 Minutes
Round difficulty - Medium

This round had 2 coding questions - first one related to Binary Tree and the second one was a simple question from Bit Manipulation. This was followed by some questions from OOPS.

  • Q1. 

    Binary Tree Diameter Problem Statement

    You are given a Binary Tree, and you need to determine the length of the diameter of the tree.

    The diameter of a binary tree is the length of the longest path betwe...

  • Ans. 

    The task is to find the diameter of a binary tree, which is the length of the longest path between any two end nodes in the tree.

    • Traverse the tree to find the longest path between two nodes.

    • Keep track of the maximum diameter found during traversal.

    • The diameter may not necessarily pass through the root node.

    • Consider both left and right subtrees while calculating the diameter.

    • Example: For input 1 2 3 4 -1 5 6 -1 7 -1 -1

  • Answered by AI
  • Q2. 

    Power of 2 Problem Statement

    Determine if it is possible to reorder the digits of a given integer 'N' such that the resulting number is a power of two. The leading digit must not be zero.

    Input:

    The fir...
  • Ans. 

    The problem involves determining if it is possible to reorder the digits of a given integer to form a power of 2.

    • Iterate through all possible permutations of the digits of the given integer.

    • Check if any of the permutations form a power of 2.

    • Return 1 if a valid permutation is found, else return 0.

  • Answered by AI
  • Q3. What are some advantages of using Object-Oriented Programming (OOP)?
  • Ans. 

    Advantages of OOP include code reusability, modularity, and easier maintenance.

    • Code reusability: Objects can be reused in different parts of the program, reducing redundancy.

    • Modularity: OOP allows for breaking down complex problems into smaller, more manageable parts.

    • Easier maintenance: Changes to one part of the codebase do not necessarily affect other parts, making maintenance easier.

    • Encapsulation: Data hiding and ab...

  • Answered by AI
  • Q4. What are access specifiers and what is their significance in Object-Oriented Programming?
  • Ans. 

    Access specifiers define the level of access to class members in Object-Oriented Programming.

    • Access specifiers include public, private, protected, and default

    • Public members are accessible from outside the class

    • Private members are only accessible within the class

    • Protected members are accessible within the class and its subclasses

    • Default access is when no access specifier is specified

  • Answered by AI
Round 4 - HR 

(1 Question)

Round duration - 30 Minutes
Round difficulty - Easy

This was my last round and I hoped it to go good just like the other rounds. The interviewer was very straight to point
and professional. The interview lasted for 30 minutes.

  • Q1. Why should we hire you?

Interview Preparation Tips

Eligibility criteriaAbove 7 CGPAPracto interview preparation:Topics to prepare for the interview - Data Structures, Algorithms, DBMS, OS, Aptitude, OOPSTime required to prepare for the interview - 4 MonthsInterview preparation tips for other job seekers

Tip 1 : Must do Previously asked Interview as well as Online Test Questions.
Tip 2 : Go through all the previous interview experiences from Codestudio and Leetcode.
Tip 3 : Do at-least 2 good projects and you must know every bit of them.

Application resume tips for other job seekers

Tip 1 : Have at-least 2 good projects explained in short with all important points covered.
Tip 2 : Every skill must be mentioned.
Tip 3 : Focus on skills, projects and experiences more.

Final outcome of the interviewSelected

Skills evaluated in this interview

Interview Preparation Tips

Round: Test
Experience: There was Pool Campus Placement of  4 Colleges together(NIT Jalandhar,NIT Hamirpur ,Candigarh University and CGC Landran ) at Chandigarh University.Written test was taken on Hacker Rank. There were 5 Coding Questions of Linklist , Dynamic Programming,Priority Queues etc . 
You didn't have to do All the questions (3 can get you to the next round).

One thing that need to be beware of is that on Hacker Rank Your Draft is Saved every second(or so). So don't copy from the internet and just paste there(they will get to know).
Tips: Make sure you practice lot of Algorithms.
Duration: 120 minutes
Total Questions: 5

Round: Problem Statement
Experience: Only 8 Students were selected for this round
20 mins were given for it
and afterwards each student had personal discussion(10 mins) with them to explain their schema .
3-4 Questions were also asked related to your schema and how to perform a particular query
Tips: You should Be Through with DBMS
Make sure there is no redundant table and Primary keys are marked

Round: Technical Interview
Experience: 2 were selected for the Interview
Firstly they make you very Comfortable and ask how were the previous Rounds.
Then they asked about the two questions of First Round and my approach 
Then couple of questions on The design that was made Earlier.
Then there were questions on How Internet Works ,gcc,Linux,git,sql.

Then the Interviewer asked if I have any question
I asked about (as the work on doctor's app) how they know the credibility of a doctor which is enlisted in their app.
Interviewer was really Impressed by the question and told me all about it with all details.


Both were selected
Tips: Be cool in the Interview
Think Loudly and Interact with them well.
If they want you to ask any question ,it should not be related to technical stuff ,it should be related to the company

College Name: NIT JALANDHAR

Mukund M Chitale & Co Interview FAQs

How many rounds are there in Mukund M Chitale & Co interview?
Mukund M Chitale & Co interview process usually has 2-3 rounds. The most common rounds in the Mukund M Chitale & Co interview process are One-on-one Round, Aptitude Test and Resume Shortlist.
What are the top questions asked in Mukund M Chitale & Co interview?

Some of the top questions asked at the Mukund M Chitale & Co interview -

  1. Personal experience in Balance Sheet Analy...read more
  2. What is material misstatem...read more
  3. AS application in company aud...read more

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Mukund M Chitale & Co Interview Process

based on 8 interviews

Interview experience

3
  
Average
View more

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Mukund M Chitale & Co Reviews and Ratings

based on 19 reviews

3.0/5

Rating in categories

2.7

Skill development

3.0

Work-life balance

2.9

Salary

3.5

Job security

2.9

Company culture

2.7

Promotions

2.5

Work satisfaction

Explore 19 Reviews and Ratings
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₹6 L/yr - ₹10 L/yr

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Article Assistant
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₹1 L/yr - ₹2 L/yr

Senior Audit Executive
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