Nemetschek Interview Questions and Answers

Golden rules of accounting are basic principles to maintain financial records. GST is a tax system implemented in India.

• Golden rules of accounting are: a) Debit the receiver, credit the giver b) Debit what comes in, credit what goes out c) Debit all expenses and losses, credit all incomes and gains

• GST stands for Goods and Services Tax, a tax system implemented in India in 2017

• GST replaced multiple indirect taxes like VAT, service tax, excise duty, etc.

• GST has 4 tax slabs - 5%...read more

Yes, I can wait for further 20 minutes.

• Yes, I am able to wait for an additional 20 minutes.

• I understand the importance of time and can adjust my schedule accordingly.

• Waiting for 20 minutes will not be a problem for me.

• I am flexible and adaptable in my work approach.

Credit is money received, debit is money paid out.

• Credit refers to an increase in assets or decrease in liabilities, while debit refers to a decrease in assets or increase in liabilities.

• Credit is recorded on the right side of an account, while debit is recorded on the left side.

• Examples of credit include receiving a loan or payment from a customer, while examples of debit include paying bills or purchasing inventory.

• Credit and debit are essential concepts in accounting and f...read more

The interviewer asked the candidate to wait for 20 minutes.

• The candidate should politely agree to wait for the requested time.

• They can mention their willingness to use the waiting time productively.

• If necessary, they can inquire about the reason for the wait or ask for any specific instructions.

My internship experience was at a local accounting firm where I gained hands-on experience in financial analysis and reporting.

• During my internship, I worked closely with senior accountants to prepare financial statements and analyze data.

• I also assisted with auditing procedures and learned how to use accounting software effectively.

• One of the highlights of my internship was participating in client meetings and gaining insight into the client relationship aspect of accounting...read more