NewRocket Staff Accountant 1 Interview Questions and Answers

Q1. What is Accounts payable
Ans. 
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable is a liability on the balance sheet

• It represents the amount of money owed by a company to its suppliers or vendors

• It is typically recorded when goods or services are received but payment has not yet been made

• Accounts payable is an important part of a company's working capital man
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Q2. What is Bank reconcilation statment
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Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
• It is used to identify any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure the accuracy of the company's financial records and the bank's records.

• Once discrepancies are identifi...read more
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Q1. Tell me about ur self
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I am a dedicated and experienced Executive Accountant with a strong background in financial management and analysis.
• I have over 8 years of experience in accounting and finance

• I have a proven track record of successfully managing budgets and financial reporting

• I am skilled in financial analysis, forecasting, and strategic planning

• I have a Bachelor's degree in Accounting and a CPA certification

• I am proficient in using ac
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Q2. GST TDS Regarding Basic provison
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Q1. -Case based on question or professional skepticism to check person's ability to apply auditing concepts in practical situations. -Why Deloitte. -Why Audit. -What is process and control. -Journal entries fo...read more
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Q2. -introduction of Yourself
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Q3. Why Deloitte and why Audit Profile.
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Q4. What is process and control
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Process and control refer to the steps taken to ensure that a business operates efficiently and effectively.
• Process involves the steps taken to complete a task or achieve a goal.

• Control involves the measures taken to ensure that the process is carried out correctly and efficiently.

• Examples of process and control include creating standard operating procedures, implementing quality control measures, and conducting regula...read more
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Q5. Case based questions.
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Q6. Journal entries of provision on debtors and Bad debts
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Journal entries for provision on debtors and bad debts
• Provision for doubtful debts is created to account for potential bad debts

• Provision on debtors is a contra account to accounts receivable

• Journal entry for provision on debtors: Debit Provision for Doubtful Debts, Credit Accounts Receivable

• Journal entry for bad debts: Debit Bad Debts Expense, Credit Provision for Doubtful Debts
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Q1. Tell me about yourself
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Q2. Who is the person you admire
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Q1. Introduction yourself
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Q2. My name is srinivasa,iam from bagepalli I have completed my graduation in govt first grade college in Chikkaballapur , and i have also done for 2nd pu in swamy vivekanand pu college bagepalli, currently st...read more
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Q3. Tell me about your family
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Q4. My father name is eshwarappa, he is a agriculture former, and my monther name is savithramma, she is a home maker,and i have a brother he is studying SSLC, and i have a small family.
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Q5. Tell me about your college days
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Q6. My college days are unforgettable happy days in my life,when I was going to a college at the time I don't know any one, ofter few months I know frds and lectures and i was a regular student.frds are fun wi...read more
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How to operate the cashier functions and author executives.

How to handle all the working conditions as pr bnk

Interest and attitude test aim at measuring an individus emotional, intellectually behaviour tendencies and interest

A group discussion is a discussion between a group of individuals and based on subject

Q1. They will ask the question based on your CV and also field u have choosen
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Q1. The one on one interview means the interview and interviewer will be present
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Q1. What are your salary expectations?
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Q2. What is your family background?
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Q3. Share details of your previous job.
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Q4. Why should we hire you?
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Q5. Why are you looking for a change?
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Q6. Where do you see yourself in 5 years?
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Q7. What are your strengths and weaknesses?
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Q8. Tell me about yourself.
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Q9. Tell about collage life
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Q10. Tell about your work
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Any topik with duscussion in group

Q1. Tell about ur work life
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Q2. Tell about your habit
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Q3. Tell about your finacal accouting
Ans. 
I have experience in financial accounting including bookkeeping, financial statement preparation, and budgeting.
• Proficient in using accounting software such as QuickBooks and Xero

• Experience in preparing financial statements including balance sheet, income statement, and cash flow statement

• Knowledge of GAAP and IFRS accounting standards

• Ability to perform bank reconciliations and manage accounts payable and receivable

• Exp...read more
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Q4. Tell about your coummiunity skill
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Q5. Tell about your friends
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Q6. Tell about your study
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Q7. Tell about your learing
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Q8. Tell about your work palce and firend
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Q9. Tell about your salary
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Coding test good learing

Aptitude test very difficult

Case study is different

Assigment is good one