Pabrai's Fresh and Naturelle Ice Cream Executive Accounts Accountant Interview Questions and Answers for Experienced

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
Ans. 
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. Product customer handling closure
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Q1. All experience questions
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Q1. Process, obsession etc
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GD on Artificial Intelligence

Verbal and Reasoning

Financial system services

Q1. What are the journal entries
Ans. 
Journal entries are accounting entries made to record financial transactions in a company's general ledger.
• Journal entries consist of a debit entry and a credit entry for each transaction.

• Debits are recorded on the left side of the account, while credits are recorded on the right side.

• The total debits must equal the total credits for each journal entry.

• Example: Debit Cash $500, Credit Sales $500.
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Q2. What is the petty cashier
Ans. 
Petty cashier is a designated employee responsible for handling small cash transactions in an organization.
• Responsible for managing small cash transactions

• Maintains a petty cash fund for minor expenses

• Reconciles petty cash account regularly

• Issues receipts for petty cash disbursements
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Q3. What about the financial services
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Q4. What are the investment management
Ans. 
Investment management involves managing financial assets and investments on behalf of clients to achieve their financial goals.
• Investment management involves creating and implementing investment strategies for clients.

• It includes analyzing financial markets, researching investment opportunities, and monitoring portfolio performance.

• Investment managers may recommend buying or selling assets based on market conditions an...read more
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Q5. What is bank reconciliation statement
Ans. 
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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Q6. How do the profit and loss account
Ans. 
The profit and loss account shows the financial performance of a company over a specific period of time.
• It summarizes the revenues, costs, and expenses incurred by the company.

• The difference between the total revenue and total expenses is the net profit or loss.

• It helps in evaluating the financial health and performance of the company.

• Example: If a company's revenue is $100,000 and expenses are $80,000, the net profit ...read more
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It represents a person's level of competency to perform a certain type of task. Aptitude tests are often used to assess academic potential or career suitability and may be used to assess either mental or physical talent in a variety Domains

Q1. Asking many questions like introduction
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Q2. What is your Qualification
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Q3. Related to our qualification background
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Q4. Our skills and knowledge cheking
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Involve working through a business problem or scenario with the interviewer to reach a logical conclusion.

The case study in handling for resale value of business operation on teamwork skills stimuli me know when you skills

What is your last working.

An aptitude test is an exam used to determine an individual's skill or propensity to succeed in a given activity. Aptitude tests assume that individuals have inherent strengths and weaknesses and have a natural inclination toward success or failure in specific areas based on their innate characteristics.

Assignment most often refers to one of two definitions in the financial world:

The transfer of an individual's rights or property to another person or business. This concept exists in a variety of business transactions and is often spelled out contractually.
In trading, assignment occurs when an option contract is exercised. The owner of the contract exercises the contract and assigns the option writer to an obligation to complete the requirements of the contract.