Orbis Financial Executive Accountant Interview Questions and Answers

Reasoning, percentage

Q1. Ratio, reasoning
Add your answer

Q1. Self intro, accounting related questions
Add your answer

In aptitude test alltype of Questions are asked

Q1. Relavant Question are asked
Add your answer
Q2. Relavent questions are asked
Add your answer

Q1. Basic and relavent Question asked.
Add your answer

Accounting book maintain at gujarat minarat development corporation limited, (goverment company) Internal audit, statutory audit, tax audit,

Coating related discussion and cost cutting witch area are highly coasting so i reducing the cost this side and proper prepare presentation to my bos

Q1. Tell about yourself and qualifications
Add your answer

Only basic accounting were asked

Advanced accounting were asked

Q1. What is bad debts
Ans. 
Bad debts are debts that are unlikely to be recovered by a company from its debtors.
• Bad debts are typically the result of customers who are unable or unwilling to pay their debts.

• They are recorded as an expense on the company's income statement.

• Companies may write off bad debts to remove them from their accounts receivable balance.

• Examples include customers declaring bankruptcy or simply refusing to pay their debts.
Answered by AI
Add your answer
Q2. What is outstanding expenses and give itha journal entry
Ans. 
Outstanding expenses are expenses that have been incurred but not yet paid.
• Outstanding expenses are recorded as a liability on the balance sheet.

• Journal entry for outstanding expenses: Debit Expense account, Credit Outstanding Expenses account.

• Example: Rent expense incurred but not yet paid will be recorded as outstanding expenses.
Answered by AI
Add your answer

Basic accounting - journals and debit credit

Q1. Basic journal entries and hire purchase and leasing,
Add your answer

Q1. About you and your salary, timeline of your careers
Add your answer

Q1. Interview process is Good
Add your answer
Q2. There are four rounds.
Add your answer

Brush up knowledge in account and finance

Q1. What is depression
Add your answer
Q2. What is prepaid expenses
Ans. 
Prepaid expenses are expenses that have been paid in advance but have not yet been incurred.
• Prepaid expenses are considered assets on the balance sheet until they are used up or expire.

• Examples of prepaid expenses include prepaid rent, insurance premiums, and subscription services.

• Prepaid expenses are typically recorded as a current asset on the balance sheet and gradually expensed over time as they are used.
Answered by AI
Add your answer