Multimetals Accountant Interview Questions and Answers

Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified.

• For example, when a company receives cash from a...read more
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Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a com...read more
Answered by AI
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Q1. Golden rules of account
Ans. 
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• These rules ensure that the accounting equation (Assets = Liabilities + Equity) remains balanced.

• For example, when a company receives cash from a custo...read more
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Q1. What is mean of fbpb
Ans. 
There is no known meaning for the acronym fbpb.
• There is no context provided for the acronym fbpb, making it impossible to determine its meaning.

• It is important to provide context when using acronyms to avoid confusion.

• If the acronym fbpb is specific to a certain industry or organization, it may have a unique meaning within that context.
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Q1. About company help
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Q1. Invoice processing
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Q2. GSTR 3B RETURN Process
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Q3. Two way invoice matching
Ans. 
Two way invoice matching is a process where the invoice is matched with the purchase order and the receiving report.
• Two way invoice matching involves comparing the invoice with the purchase order to ensure the prices and quantities match.

• It also involves comparing the invoice with the receiving report to confirm that the goods or services were received.

• Any discrepancies found during the matching process need to be reso...read more
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Q4. TDS section and rate of deduction
Ans. 
TDS stands for Tax Deducted at Source. It is a tax deduction made by the payer while making payments.
• TDS is deducted as per the rates specified by the Income Tax Department.

• Different sections of the Income Tax Act specify different rates for TDS deduction.

• For example, TDS on salary income is deducted under section 192 at the applicable slab rates.

• TDS on interest income is deducted under section 194A at the rate of 10%.
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Q1. Salary discussion
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Q1. Basic accounting
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Q2. Junral entry of accounts
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Q1. Basic accounting
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Q2. Basic junral entry
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Q1. What is mean of fbpb
Ans. 
There is no known meaning for the acronym fbpb.
• There is no context provided for the acronym fbpb, making it impossible to determine its meaning.

• It is important to provide context when using acronyms to avoid confusion.

• If the acronym fbpb is specific to a certain industry or organization, it may have a unique meaning within that context.
Answered by AI
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About company progress

Q1. About company help
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