Prasad & Company Account Assistant Interview Questions and Answers

Test related to accounts entry

Q1. Normal experience related
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Q2. Related to my future achieve ments
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Q3. Related to my family
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Q1. What is accounting
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Accounting involves recording financial transactions such as sales, purchases, and expenses.

• It includes summarizing the financial data into financial statements like balance sheets and income statements.

• Accounting also involves analyzing the financial information to provide insights for decision-making.

• Rep...read more
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Q2. What is journal
Ans. 
A journal is a detailed record of financial transactions in chronological order.
• A journal is used to record all financial transactions of a business.

• It includes the date, description, and amount of each transaction.

• Journals are typically organized by accounts, such as cash, accounts receivable, and accounts payable.

• The information recorded in a journal is later transferred to the general ledger for financial reporting.

• ...read more
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Q1. What is Tds and how explain one sections
Ans. 
TDS stands for Tax Deducted at Source. It is a tax collection method where a certain percentage of tax is deducted by the payer at the time of making payment to the payee.
• TDS is deducted by the payer and deposited with the government on behalf of the payee.

• It is applicable to various payments like salary, interest, commission, rent, etc.

• One section of TDS is Section 194C which deals with TDS on payments to contractors ...read more
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Q2. Tds is tax deduction source 94c comes under tds for contract
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Q1. What are the technical questions in an interview
Ans. Technical questions are questions that are designed to assess your specific knowledge and skills related to technical aspects of a job
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Q2. These can include questions about programming languages, software tools,
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Q1. Brs,tds regarding details
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Aptitude test
There will be 4 sections
English grammer, maths, reasoning and logical thinking

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