National Institute of Technology Interview Questions, Process, and Tips for Experienced

Assignment Details are as Follows

-Sales Audit Tally with Documents Automation (Dropbox Official) & On-site by CA Suyash Sir for Past Credit Note Balancing on Investments

Q1. Tell me about yourself
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Q2. What is Concurrent Sales Audit?
Ans. 
Concurrent Sales Audit is a process of auditing sales transactions in real-time to ensure accuracy and prevent fraud.
• Concurrent Sales Audit involves monitoring sales transactions as they occur to detect any discrepancies or irregularities.

• It helps in identifying potential errors, fraud, or theft in sales transactions before they escalate.

• This process can involve using software systems to track sales data in real-time a...read more
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Q3. What is a Cost Sheet?
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A cost sheet is a document that shows the detailed breakdown of all costs incurred in the production of a product or service.
• Includes direct costs (e.g. raw materials, labor) and indirect costs (e.g. overhead)

• Helps in determining the total cost per unit of production

• Used for cost control and decision-making

• Example: A manufacturing company preparing a cost sheet to analyze the cost of producing a new product
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Q4. Three Golden Rules of Accounting?
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The three golden rules of accounting are: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.
• Debit the receiver, Credit the giver: When an asset or expense increases, it is debited. When a liability, equity, or revenue increases, it is credited.

• Debit what comes in, Credit what goes out: Debit the account that receives something and credit ...read more
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Q5. What do you Know about GST, Tally & Levy Accounting Standards?
Ans. 
GST is Goods and Services Tax, Tally is an accounting software, and Levy Accounting Standards refer to specific regulations for accounting practices.
• GST is a value-added tax levied on most goods and services sold for domestic consumption.

• Tally is a popular accounting software used for recording financial transactions and generating reports.

• Levy Accounting Standards are specific guidelines and regulations that companies...read more
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Q6. What would you like to ask about your further hiring process in the Concurrent Sales Audit Experience?
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Q1. Self Introduction
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Q2. Sales questions
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Q1. Basic introduction
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Q2. Studies and experiences
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Q1. My knowledge about teaching
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Q2. Experiencial learning
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Q1. Explain about a product you have managed
Ans. 
Managed a mobile app for tracking fitness goals and workouts
• Led cross-functional team to develop app features based on user feedback

• Implemented gamification elements to increase user engagement

• Analyzed user data to make data-driven decisions for product improvements
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Q2. Challenges faced in product management and how you overcame it
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Challenges in product management include prioritizing features, managing stakeholder expectations, and balancing resources.
• Prioritizing features based on customer needs and market trends

• Managing stakeholder expectations by setting clear goals and communication

• Balancing resources such as time, budget, and team capacity

• Example: Prioritizing a critical bug fix over a new feature launch to ensure customer satisfaction

• Examp...read more
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Q1. Explain about your key KRAs
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Key KRAs include product strategy, roadmap planning, stakeholder management, and cross-functional collaboration.
• Developing and executing product strategy to align with company goals

• Creating and managing product roadmaps to prioritize features and enhancements

• Collaborating with cross-functional teams such as engineering, design, and marketing

• Managing stakeholder relationships to gather feedback and drive product success
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Q2. Do you have experience in coding?
Ans. 
Yes, I have experience in coding.
• I have a strong background in coding languages such as Python, Java, and SQL.

• I have developed and maintained various software applications in my previous roles.

• I have experience working with cross-functional teams to deliver high-quality products.

• I have also completed coding projects independently, showcasing my problem-solving skills.
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Q1. Research project description
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The research project focuses on analyzing the impact of climate change on marine biodiversity in the Pacific Ocean.
• Analyzing data on species distribution and abundance in the Pacific Ocean

• Assessing the effects of temperature rise on coral reefs and marine life

• Investigating the relationship between ocean acidification and species diversity
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Q2. How previous experience aligns with current requirement
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Q1. Background, aspirations, strengths and weakness
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