Muthoot Fincorp Accountant & Audit Interview Questions and Answers

Gharmgarh porsa Morena

Q1. Bsc , bed .DCA
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Q2. Ms exal ,ms office
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Q3. Ms exal, ms word
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Q4. Ms office, power point
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Q5. Power point, ms office
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Q1. What is finances
Ans. 
Finances refer to the management of money and other assets, including budgeting, investing, and accounting.
• Finances involve managing income, expenses, and investments.

• Budgeting is an important aspect of finances, helping individuals and businesses plan for future expenses.

• Accounting is crucial for tracking financial transactions and ensuring accuracy in financial records.

• Investing is a way to grow wealth by putting mon...read more
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Q2. Why to select this job
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Q1. Background related
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Q1. Journal entries
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Q1. Journal entries, Tax accounting
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Q2. Tds rates, gst return
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Q1. What is tha qualification
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The qualification for an Executive Accountant typically includes a bachelor's degree in accounting or finance.
• A bachelor's degree in accounting or finance is the minimum requirement

• Certifications such as CPA or CMA may be preferred

• Experience in accounting or finance is also important

• Continuing education and professional development is necessary to stay current in the field
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Q2. B. Com from north orissa univercity.
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Discussion will be on the work and point that you will work as per post

Q1. Which rules of accounts for using in daily entries?
Ans. 
The rules of accounts for daily entries include the principles of double-entry bookkeeping, accrual accounting, and the matching principle.
• Double-entry bookkeeping: Every transaction should have equal debits and credits to maintain the balance.

• Accrual accounting: Revenue and expenses should be recorded when earned or incurred, regardless of when the cash is received or paid.

• Matching principle: Expenses should be matche...read more
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Q2. Whya are you pass provision entry in month end?
Ans. 
Provision entry is passed in month end to account for expenses incurred but not yet paid.
• To ensure accurate financial statements

• To avoid understating expenses

• To comply with accounting standards

• To facilitate budgeting and forecasting
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Q3. Because, Current month expenses paid in next month then expenses showing in current month in provision.
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Expenses paid in next month but shown in current month provision explained.
• Expenses are recorded in the month they are incurred, not when they are paid

• Provision is made for expenses that are expected to be incurred but not yet paid

• If an expense is paid in the next month, it will still be recorded in the current month's provision

• This is done to ensure accurate financial reporting and forecasting
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Q1. Why are you leaving previous job?
Ans. 
Seeking new challenges and growth opportunities.
• Looking for a more challenging role to enhance my skills and knowledge.

• Seeking career advancement and professional growth.

• Wanting to work in a more dynamic and innovative environment.

• Desire to contribute to a company with a stronger mission alignment.

• Relocating to a different city or country.

• Company downsizing or restructuring.

• Personal reasons or family commitments.
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