Mynd Solutions Private Executive Accountant Interview Questions and Answers

There are three types of GST in India: CGST, SGST, and IGST.

• CGST (Central Goods and Services Tax) is levied by the central government on intra-state supplies of goods and services.

• SGST (State Goods and Services Tax) is levied by the state government on intra-state supplies of goods and services.

• IGST (Integrated Goods and Services Tax) is levied by the central government on inter-state supplies of goods and services.

Reconciliation is the process of comparing two sets of records to ensure they are in agreement and accurate.

• Reconciliation involves verifying financial transactions, balances, or statements to ensure they match up.

• It is commonly used in accounting to ensure that the company's financial records are accurate and complete.

• Examples include reconciling bank statements with internal records, reconciling accounts receivable w...read more

We would manually enter the invoice details into the computer system to ensure accurate record-keeping.

• Manually enter the invoice details into the computer system

• Verify the accuracy of the entered information

• Contact the vendor to address any discrepancies