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Nspira Management Services Accountant Interview Questions and Answers
Nspira Management Services Accountant Interview Experiences
1 interview found
Kotha Sanathkumar
Selected
I applied via Referral and was interviewed in May 2022. There were 2 interview rounds.
(2 Questions)
- Q1. Explain in detail about accounts
- Ans.
Accounts refer to the financial records of an organization that track its transactions and financial position.
Accounts are used to record financial transactions such as sales, purchases, and expenses.
They help in tracking the financial position of an organization by maintaining records of assets, liabilities, and equity.
Accounts are classified into different categories such as revenue, expenses, assets, liabilities, an...
- Q2. Explain about gst and it's pro's and cons
- Ans.
GST is a value-added tax levied on goods and services in India.
Pro's: Simplifies tax structure, reduces tax evasion, promotes ease of doing business
Cons: Initial implementation challenges, increased compliance burden for small businesses
Example: GST replaced multiple indirect taxes like VAT, service tax, excise duty, etc.
Example: GST has different tax rates for different goods and services, ranging from 0% to 28%
Exampl...
Interview Preparation Tips
- Final Accounts
- Accounts Reconciliation
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Interview questions from similar companies
Selected
I applied via Referral and was interviewed before Jul 2022. There was 1 interview round.
(4 Questions)
- Q1. What is the golden rule of accounting?
- Q2. Accounting concepts
- Q3. What is the journal entry for a credit purchase?
- Q4. How do you handle prepaid expenses?
I applied via campus placement at Christ University, Bangalore and was interviewed in Aug 2024. There was 1 interview round.
(2 Questions)
- Q1. Journal entry for prepaid expenses
- Ans.
Journal entry for prepaid expenses involves debiting Prepaid Expense account and crediting Cash or Bank account.
Debit Prepaid Expense account to record the expense paid in advance
Credit Cash or Bank account to show the decrease in cash due to prepayment
Prepaid expenses are considered assets until they are used up or expire
Example: Journal entry for prepaid rent - Debit Prepaid Rent, Credit Cash/Bank
- Q2. What is bank reconciliation
- Ans.
Bank reconciliation is the process of comparing a company's records with those of its bank to ensure they match.
Bank reconciliation involves comparing the company's records of its financial transactions with the bank's records.
It helps identify any discrepancies such as missing transactions, errors, or fraudulent activity.
The process involves adjusting the company's records to match the bank's records by reconciling an...
Selected
I applied via AmbitionBox and was interviewed in Sep 2024. There was 1 interview round.
(2 Questions)
- Q1. What is accounting
- Ans.
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
Accounting involves recording financial transactions such as sales, purchases, and expenses.
It includes summarizing the financial data into financial statements like balance sheets and income statements.
Accounting also involves analyzing the financial information to provide insights for decision-making.
Rep...
- Q2. What is journal
- Ans.
A journal is a detailed record of financial transactions in chronological order.
A journal is used to record all financial transactions of a business.
It includes the date, description, and amount of each transaction.
Journals are typically organized by accounts, such as cash, accounts receivable, and accounts payable.
The information recorded in a journal is later transferred to the general ledger for financial reporting.
...
Interview Preparation Tips
Raj Tufail
(2 Questions)
- Q1. What are the technical questions in an interview
- Ans. Technical questions are questions that are designed to assess your specific knowledge and skills related to technical aspects of a job
- Q2. These can include questions about programming languages, software tools,
Selected
I was interviewed in Aug 2024.
(1 Question)
- Q1. Golden rules of accounting
I applied via Company Website and was interviewed in May 2023. There were 3 interview rounds.
(1 Question)
- Q1. INCOME TAX , GST
(1 Question)
- Q1. TDS, STATUTORY AUDIT
I applied via Naukri.com and was interviewed before Jun 2020. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. Bank Reconciliations, Journal entries etc
Interview Preparation Tips
kiranjr 55
Selected
I applied via Walk-in and was interviewed before Sep 2023. There were 2 interview rounds.
Basic accounts journal entries
(1 Question)
- Q1. Tell me about yourself
- Ans.
I am a detail-oriented accountant with 5 years of experience in financial reporting and analysis.
Graduated with a degree in Accounting from XYZ University
Worked at ABC Company as a Senior Accountant for 3 years
Proficient in using accounting software such as QuickBooks and SAP
Shubham Akashe
I applied via LinkedIn and was interviewed in Oct 2024. There were 2 interview rounds.
GD on Artificial Intelligence
Verbal and Reasoning
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Nspira Management Services Accountant Interview Process
based on 4 interviews
Interview experience
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Nspira Management Services Accountant Reviews and Ratings
based on 35 reviews
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