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Plus Wealth Executive Accountant Interview Questions and Answers

Updated 20 Oct 2024

Plus Wealth Executive Accountant Interview Experiences

1 interview found

Interview experience
1
Bad
Difficulty level
Moderate
Process Duration
-
Result
No response

I applied via Naukri.com

Round 1 - Aptitude Test 

In the aptitude test, they give me 25-30 questions related to accounting, such as TDS sections with applicable rates, GST RCM questions, journal entries, trial balance mismatch questions, etc.

Round 2 - Final Round with Two persons 

(5 Questions)

  • Q1. Suppose ICICI paid ₹1,20,000 on July 1, 2024, for 1 year of insurance. What entries would you make in your books?
  • Ans. 

    The entries would include debiting Insurance Expense and crediting Prepaid Insurance.

    • Debit Insurance Expense for ₹1,20,000 to recognize the expense in the current period.

    • Credit Prepaid Insurance for ₹1,20,000 to show the amount paid in advance for future periods.

    • Adjust Prepaid Insurance each month by debiting Insurance Expense and crediting Prepaid Insurance for 1/12th of the total amount.

    • At the end of the year, Prepai...

  • Answered by AI
  • Q2. If a business makes 100% revenue for itself and consumes everything for its own use, can the business claim GST input? ( Suppose your GST liability is ₹4,00,000, and your purchases amount to ₹1,00,000. How...
  • Ans. 

    No, the business cannot claim GST input if it consumes everything for its own use.

    • If a business consumes everything for its own use, there are no sales to generate revenue for GST input claims.

    • GST input can only be claimed on purchases made for the purpose of generating taxable supplies.

    • In this scenario, since the business is not making any sales to generate revenue, it cannot claim any GST input.

    • Therefore, the busines...

  • Answered by AI
  • Q3. How do you do the reconciliation of GST? Suppose your reconciliation is okay until October. From where should you reconcile your books?
  • Ans. 

    Reconciliation of GST involves comparing the GST amounts recorded in the books with those reported to the tax authorities.

    • Ensure all GST transactions are recorded accurately in the books

    • Compare the total GST amounts recorded in the books with the GST amounts reported on the GST returns filed with the tax authorities

    • Investigate and rectify any discrepancies found during the reconciliation process

    • Reconcile the GST accoun...

  • Answered by AI
  • Q4. Other Misc. question related to Accounting.
  • Q5. Some personal questions.

Interview Preparation Tips

Topics to prepare for Plus Wealth Executive Accountant interview:
  • General Accounting
  • GST
  • TDS
  • Basic Concepts
Interview preparation tips for other job seekers - Everything is good regarding the company location and my experience with the interviewer. First, they test your concepts and accounting knowledge through a written accounting test. However, if you don't perform well on the test, you won't be able to the second round, which may be the final round if selected. I went for the second round, and it went decent, but they didn’t respond back.
My concern is whether they believe feedback is unnecessary if a candidate isn't selected. Feedback is essential for growth and improvement

Interview questions from similar companies

Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
No response

I applied via Approached by Company and was interviewed in Nov 2023. There was 1 interview round.

Round 1 - Assignment 

Assaignment paper distibition

Interview Preparation Tips

Topics to prepare for Flipkart Wholesale Accountant interview:
  • Financial Accounting
  • Financial accounts
  • MS Office
  • Accounting
  • Sales
  • Java
Interview preparation tips for other job seekers - Very usefull in my life
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Technical 

(2 Questions)

  • Q1. What is CA work? What is cs work?
  • Ans. 

    CA work involves financial reporting, auditing, taxation, and advisory services. CS work involves legal compliance and corporate governance.

    • CA work includes preparing financial statements, conducting audits, providing tax advice, and offering financial advisory services to clients.

    • CS work involves ensuring compliance with legal and regulatory requirements, maintaining corporate records, and advising on corporate govern...

  • Answered by AI
  • Q2. What is account? What is debit & credit?
  • Ans. 

    Account is a record of financial transactions. Debit is an entry on the left side and credit is an entry on the right side of an account.

    • Account is a systematic record of financial transactions of a business or an individual.

    • Debit is an entry on the left side of an account which increases assets and decreases liabilities and equity.

    • Credit is an entry on the right side of an account which decreases assets and increases ...

  • Answered by AI
Round 3 - Aptitude Test 

Accounting process kya hoti hai batayiye

Interview Preparation Tips

Interview preparation tips for other job seekers - Aap sabhi taiyari krte rhe sab achha hoga. All the best👍💯

I applied via Newspaper Ad and was interviewed in Aug 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Case Study 

Case studies in medicine may focus on an individual patient or ailment; case studies in .

Round 3 - Assignment 

My name is Farman khan
fathers name - MOHD SAJID mother's name - MRS SHABANAAddress- kacchi Sarai town School hno 100 muradnagar ghaziabad Contact no - XXXXX Mail id - sk12342001@gmail.comAcademic Qualification - passed 10th from CBSE AND NIOS BOARD AND GOT 7 CGPA passed 12th from NIOS BOARD AND GOT 70 perNow persuing BBA FROM CCSU ( MODERN INSTITUTE GHAZIABAD) Also persuing ACCOUNTACY COURSE ( in accounts ) Apprenticeship in ITI (ICTSM ) COMPLETE FULL TALLY COURSE ( tally 9)Hobbies - 1/ All physical activities like playing kho kho and running 2/ reading books and novels for better communication skills and vocabulary 3/ gardening to make environment more greener and cleaner Objective - I want to work in an organisation where I can give my 100 per to the work effectively and efficiently to achieve the goal and targets of the enterprise with the positive attitude and leadership quality Extra carricula

Interview Preparation Tips

Interview preparation tips for other job seekers - Main apna Kam apna karunga kam mujhe Jo kam mujhe Diya jaega munh se pure Dil aur Jaan se karunga

I applied via Monster and was interviewed in Jul 2021. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Basic about accounting norms
  • Q2. Golden rule

Interview Preparation Tips

Interview preparation tips for other job seekers - read basic accounting

Plus Wealth Interview FAQs

How many rounds are there in Plus Wealth Executive Accountant interview?
Plus Wealth interview process usually has 2 rounds. The most common rounds in the Plus Wealth interview process are Aptitude Test.
What are the top questions asked in Plus Wealth Executive Accountant interview?

Some of the top questions asked at the Plus Wealth Executive Accountant interview -

  1. If a business makes 100% revenue for itself and consumes everything for its own...read more
  2. Suppose ICICI paid ₹1,20,000 on July 1, 2024, for 1 year of insurance. What e...read more
  3. How do you do the reconciliation of GST? Suppose your reconciliation is okay un...read more

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