Pravara Rural Education Society Interview Questions, Process, and Tips

Q1. What is account 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 represents a company's short-term debt obligations to suppliers or vendors.

• It is recorded as a liability on the balance sheet.

• Accounts payable is typically paid within a specified period, often 30, 60, or 90 days.

• Examples include invoices from suppliers for inventory purchases or...read more
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Q2. What is the Check and it's type
Ans. 
A check is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.
• Checks are commonly used for making payments or transferring funds.

• Types of checks include personal checks, cashier's checks, certified checks, and money orders.

• Checks typically include information such as the payee, amount, date, and signature of the drawer.

• Checks can be deposited into a bank account or
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The prepare about Company and All accounts type

Q1. What is the working Capital And ratio Analysis
Ans. 
Working capital is the difference between current assets and current liabilities, while ratio analysis involves comparing financial ratios to assess a company's performance.
• Working capital is calculated as current assets minus current liabilities.

• A positive working capital indicates that a company has enough assets to cover its short-term liabilities.

• Ratio analysis involves comparing financial ratios like liquidity, pr...read more
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Q2. What tax and how to deduct Indian tax
Ans. 
Indian tax can be deducted through TDS, advance tax, and self-assessment tax.
• Tax Deducted at Source (TDS) is deducted by the payer at the time of making payment to the payee.

• Advance tax is paid in installments before the end of the financial year based on estimated income.

• Self-assessment tax is paid by the taxpayer after the financial year ends to make up for any shortfall in tax liability.

• Tax deductions can also be cl...read more
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10 qns were asked in the online test