PRERANA MOTORS Executive Accountant Interview Questions and Answers

Q1. What is EBIT and EBITDA
Ans. 
EBIT stands for Earnings Before Interest and Taxes, while EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization.
• EBIT is a measure of a company's operating performance without factoring in interest and taxes.

• EBITDA is a measure of a company's operating performance without factoring in interest, taxes, depreciation, and amortization.

• Both EBIT and EBITDA are commonly used to evaluate a company'...read more
Answered by AI
Add your answer
Q2. What is BEP and MOS
Ans. 
BEP stands for Break-Even Point and MOS stands for Margin of Safety.
• BEP is the point at which total revenue equals total costs, resulting in neither profit nor loss.

• MOS is the amount by which sales can drop before the company reaches the BEP.

• Calculating BEP helps in determining the minimum amount of sales needed to cover costs.

• MOS provides a cushion for the company in case of unexpected changes in sales or costs.
Answered by AI
Add your answer

Q1. Regarding p&l account
Add your answer
Q2. Journal entries of reconciliation
Ans. 
Journal entries of reconciliation involve adjusting entries to ensure the balance in the general ledger matches the bank statement.
• Reconciliation involves comparing the transactions in the bank statement with those in the general ledger.

• Adjusting entries are made to correct any discrepancies between the two records.

• Common adjusting entries include recording bank fees, interest income, outstanding checks, and deposits i...read more
Answered by AI
Add your answer

Q1. Basic details of mine
Add your answer
Q2. Reason for joining the volvo
Add your answer

Q1. What is prepayment, what is ar ageing, what is cogs, what is direct expenses, indirect expense, what is hedging, journal entry for os salary, journal entry for prepaid salary, what is cost centre, what is ...read more
Ans. 
Prepayment is an advance payment made for goods or services. AR ageing is the analysis of outstanding customer invoices. COGS is the cost of producing or purchasing goods sold. Direct expenses are costs directly related to the production of goods or services. Indirect expenses are costs not directly related to production. Hedging is a financial strategy to reduce risk. Journal entry for OS salary is debit salary expens...read more
Answered by AI
Add your answer

Q1. What is cash flow statement
Ans. 
A cash flow statement is a financial statement that shows the inflows and outflows of cash in a business over a specific period of time.
• It provides information about the cash generated from operating activities, investing activities, and financing activities.

• Operating activities include cash received from sales, payment to suppliers, and payment to employees.

• Investing activities include cash used for purchasing or sell...read more
Answered by AI
View 1 more answer
Q2. What are the important finance statement
Ans. 
The important finance statements are the balance sheet, income statement, and cash flow statement.
• Balance sheet shows the company's assets, liabilities, and equity at a specific point in time.

• Income statement shows the company's revenue, expenses, and net income over a period of time.

• Cash flow statement shows the company's cash inflows and outflows over a period of time.

• These statements are important for investors, cre...read more
Answered by AI
Add your answer
Q3. Basically ask whatever is available in resume
Add your answer

Q1. PURCHASE AND SALE RELATED QUESTION WITH GST?
Ans. WHATEVER PURCHASE IN GOODS INPUT TAX PAY GST & SOLD GOODS ARE OUTPUT TAX
Answered Anonymously
View 1 more answer
Q2. HOW MANY TAX ARE CALCULATED?
Ans. 
The number of taxes calculated depends on the jurisdiction and the specific circumstances of the individual or business.
• The number of taxes calculated can vary based on the country, state, and local tax laws.

• Common taxes include income tax, sales tax, property tax, and payroll tax.

• Additional taxes may be applicable for specific industries or activities, such as excise tax on alcohol or tobacco.

• Tax calculations also dep...read more
Answered by AI
View 1 more answer

Optional questions about company

Good knowledge of this subject

Discussion with oposite party about this topic