Numbertree LLP Interview Questions and Answers

Q1. How do you apply the lead generation in real world scenario
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Finding leads for the 20-30 US companies

Q1. What is accounting
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples include balance sheets, income statements, and cash flow statements
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Q2. What is indirect tax
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Indirect tax is a tax collected by an intermediary (such as a retailer) from the person who ultimately bears the economic burden of the tax.
• Indirect taxes are not directly paid by the consumer to the government.

• They are imposed on goods and services, and the burden is passed on to the final consumer.

• Examples include sales tax, value-added tax (VAT), excise duty, and customs duty.
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Q3. What is capital gain
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Capital gain is the profit that results from a sale of a capital asset, such as stocks, bonds, or real estate.
• Capital gain is the difference between the purchase price and the selling price of an asset.

• It is considered a taxable event by the IRS.

• Long-term capital gains are taxed at a lower rate than short-term capital gains.

• Examples of capital assets include stocks, bonds, real estate, and precious metals.
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Q4. Slab reates of income tax
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Income tax slab rates are the different levels of income at which different tax rates apply.
• Income up to Rs. 2.5 lakh is exempt from tax

• Income between Rs. 2.5 lakh to Rs. 5 lakh is taxed at 5%

• Income between Rs. 5 lakh to Rs. 10 lakh is taxed at 20%

• Income above Rs. 10 lakh is taxed at 30%
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Q5. Induction to ur self
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I am a detail-oriented and organized individual with a strong background in accounting and finance.
• Bachelor's degree in Accounting

• 2+ years of experience in accounts payable and receivable

• Proficient in using accounting software such as QuickBooks

• Strong analytical and problem-solving skills

• Excellent communication and interpersonal skills
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Q1. What is your current CTC
Ans. 
My current CTC is $80,000 per year.
• My current CTC is $80,000 per year

• I am currently earning $80,000 annually

• My current salary package is $80,000 per annum
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Q2. What is your notice period
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Q3. Previous Experience
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Q4. Are you ready to travel
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Q5. Are you ok with late sitting
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Q1. Statutory compliance and Industrial Relations
Ans. Combined annual returns Last date Jan 15 every year
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Q2. PF & ESI -ECR filing last date ?
Ans. 
PF & ESI - ECR filing last date is typically the 15th of every month.
• PF & ESI - ECR filing is usually done by the 15th of each month

• Employers need to ensure timely submission to avoid penalties

• Late filing can lead to fines and legal consequences
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Q3. What is the minimum percentage of Bonus?
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Q1. Why you are left the previous company?
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Q2. Training plan for ISO Audit?
Ans. 
Develop a comprehensive training plan covering all aspects of ISO audit requirements.
• Identify specific ISO standards relevant to the organization

• Assess current knowledge and skills of employees

• Design training modules to address gaps in understanding

• Include practical exercises and case studies for hands-on learning

• Schedule regular training sessions to ensure continuous improvement

• Evaluate training effectiveness through
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