Personiv Senior Accountant Interview Questions and Answers for Freshers

Explaining the difference between Mid, Bid, and Ask prices and providing examples of corporate actions.

• Mid price is the average of Bid and Ask prices

• Bid price is the highest price a buyer is willing to pay for a security

• Ask price is the lowest price a seller is willing to accept for a security

• Corporate actions are events that affect a company's stock price, such as dividends, stock splits, and mergers

• Dividends are paym...read more

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.

• Mutual funds are managed by professional fund managers

• Investors buy shares in the mutual fund and the value of their investment is determined by the performance of the underlying securities

• Mutual funds offer diversification and convenience for investors

• There are differe...read more

NAV stands for Net Asset Value and is the value of a fund's assets minus its liabilities.

• NAV is used to determine the value of a mutual fund or exchange-traded fund (ETF).

• It is calculated by subtracting the fund's liabilities from its assets and dividing by the number of outstanding shares.

• NAV is typically calculated at the end of each trading day.

• Investors can use NAV to determine the price at which they can buy or se...read more

Golden rules of accounting are basic principles to maintain accurate financial records.

• The first golden rule is to maintain a record of all financial transactions.

• The second golden rule is to maintain a record of all assets and liabilities.

• The third golden rule is to ensure that all financial transactions are recorded accurately.

• The fourth golden rule is to ensure that all financial records are kept up-to-date.

• The fift...read more