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President Motors Account Assistant Interview Questions, Process, and Tips
President Motors Account Assistant Interview Experiences
1 interview found
Anonymous
Interview Questionnaire
14 Questions
- Q1. What is full form c gast and s gst
- Ans.
CGST stands for Central Goods and Services Tax and SGST stands for State Goods and Services Tax.
CGST and SGST are two components of GST.
CGST is levied by the central government and SGST is levied by the state government.
Both taxes are charged on the same taxable value of a product or service.
The combined rate of CGST and SGST is equal to the GST rate applicable on the product or service.
- Q2. What a diffrant between direct expanse and indirect expans
- Ans.
Direct expenses are directly related to the production of goods or services, while indirect expenses are not directly related.
Direct expenses are incurred for a specific purpose, such as raw materials or labor costs.
Indirect expenses are incurred for general business purposes, such as rent or utilities.
Direct expenses are variable costs that increase or decrease with production, while indirect expenses are fixed costs ...
- Q3. Chaq return reson code 71 ???
- Ans.
Return reason code 71 for CHAQ
CHAQ stands for Customer Handling and Quality
Return reason code 71 indicates that the customer returned the product due to a defect or quality issue
The code may vary depending on the company's return policy and system
- Q4. Way are using i gst
- Ans.
We are using GST to comply with the government's tax regulations and to streamline our accounting processes.
GST helps us to avoid double taxation and reduces the burden of multiple taxes.
It also helps us to claim input tax credit on our purchases.
By using GST, we can easily file our tax returns online and avoid any penalties for non-compliance.
For example, if we purchase office supplies, we can claim the GST paid on th...
- Q5. What a recancalation
- Ans.
Reconciliation is the process of comparing two sets of records to ensure they are in agreement.
Reconciliation involves comparing financial records to ensure accuracy
It is important for identifying errors and discrepancies
Examples include reconciling bank statements and accounts payable/receivable
Reconciliation is a key part of the accounting process
- Q6. Sallry calculation
- Q7. What is Inventory
- Ans.
Inventory refers to the goods or materials a business holds for the purpose of resale or production.
Inventory includes raw materials, work-in-progress goods, and finished products.
It is important for businesses to manage their inventory levels to avoid stockouts or excess inventory.
Inventory can be tracked using various methods such as FIFO, LIFO, and weighted average.
Examples of businesses that heavily rely on invento...
- Q8. Way are using inventory
- Ans.
Inventory is used to track and manage the stock of goods a company has on hand.
Inventory helps businesses keep track of their stock levels and avoid stockouts.
It allows businesses to forecast demand and plan production accordingly.
Inventory can also help businesses identify slow-moving or obsolete items and make informed decisions about pricing and promotions.
Examples of businesses that use inventory include retail sto
- Q9. Way are using stock statmnet
- Ans.
Stock statements are used to track inventory levels and monitor sales performance.
Stock statements help in identifying slow-moving or dead stock.
They aid in making informed decisions about inventory management.
They provide insights into sales trends and help in forecasting future demand.
Stock statements are useful for financial reporting and tax purposes.
Examples of stock statements include inventory turnover ratio, da...
- Q10. Full form rtgs
- Ans.
RTGS stands for Real Time Gross Settlement.
RTGS is a system for transferring funds from one bank to another in real-time.
It is used for high-value transactions that require immediate clearance.
The minimum amount for RTGS transactions is usually set by the bank.
RTGS is a secure and reliable way to transfer funds.
It is commonly used for transactions such as large business payments, property purchases, and investments.
- Q11. Full form neft
- Ans.
NEFT stands for National Electronic Funds Transfer.
NEFT is an electronic payment system used for transferring funds between bank accounts in India.
It operates on a deferred net settlement (DNS) basis, which means transactions are processed in batches.
NEFT transactions can be initiated online or at a bank branch.
The minimum amount for NEFT transactions is usually Rs. 1, but this can vary depending on the bank.
NEFT is a ...
- Q12. Full form imps
- Q13. Are u using net banking
- Ans.
Yes, I use net banking regularly for all my financial transactions.
I find net banking to be a convenient and secure way to manage my finances.
I use it to transfer funds, pay bills, and check my account balance.
I also make sure to keep my login credentials and passwords secure.
I have never faced any issues with net banking and find it to be a reliable option.
- Q14. A diffrant between creditors and debtors
- Ans.
Creditors are owed money by a company, while debtors owe money to a company.
Creditors are external parties who have provided goods or services to a company on credit and are waiting to be paid.
Debtors are customers who owe money to a company for goods or services that they have received but not yet paid for.
Creditors are liabilities on a company's balance sheet, while debtors are assets.
Examples of creditors include su...
Interview Preparation Tips
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Shaweta
Selected
I applied via Newspaper Ad and was interviewed in Aug 2024. There were 4 interview rounds.
The assignment involved the analysis the business problem and providing the detailed solution.
The group discussion focused on the topic. The impact of remote on productivity each participant was given two mintues to present the view follow by the open decision..
We were analysis the situation and identify the key issue
(5 Questions)
- Q1. Tell me something about your self
- Ans.
I am a detail-oriented and organized individual with a strong background in accounting and finance.
Bachelor's degree in Accounting
Experience with financial reporting and analysis
Proficient in using accounting software such as QuickBooks
Strong analytical skills and attention to detail
Excellent communication and interpersonal skills
- Q2. Why do you want work here
- Ans.
I am passionate about finance and eager to learn from experienced professionals in this industry.
I am drawn to the company's reputation for excellence in financial management.
I am excited about the opportunity to work with a talented team and contribute to the company's success.
I believe this role will provide me with valuable experience and help me grow in my career.
- Q3. What do you see yourself in 5 years
- Ans.
In 5 years, I see myself as a senior Account Assistant, taking on more responsibilities and contributing to the growth of the company.
Continuing to excel in my role as an Account Assistant
Taking on leadership roles within the accounting department
Completing additional certifications or training to enhance my skills
Contributing to the company's financial success through strategic decision-making
Mentoring junior staff me
- Q4. Why should we hiring you
- Ans.
I am a detail-oriented and organized individual with a strong background in accounting and a proven track record of accuracy and efficiency.
I have a Bachelor's degree in Accounting and X years of experience in the field.
I am proficient in using accounting software such as QuickBooks and Excel.
I have a strong attention to detail and can ensure accurate financial records.
I am a team player and can effectively communicate...
- Q5. What motivate you at work
- Ans.
I am motivated at work by the opportunity to learn and grow, the satisfaction of completing tasks successfully, and the positive impact I can make on the team and organization.
Opportunity to learn and grow
Satisfaction of completing tasks successfully
Positive impact on team and organization
Interview Preparation Tips
- Group discussion
- HR
- Case study
- Technical
- assignment
- aptitude
Build the network
Selected
I applied via Naukri.com and was interviewed in Aug 2024. There were 4 interview rounds.
*****
*****
(5 Questions)
- Q1. Internship related
- Q2. Golden rules Account
- Q3. What is Reconciliation
- Ans.
Reconciliation is the process of comparing two sets of records to ensure they are in agreement and accurate.
Reconciliation involves verifying and adjusting differences between two sets of financial records, such as bank statements and accounting records.
It helps to identify errors, discrepancies, or fraudulent activities.
Examples include reconciling bank statements with cash book records, credit card statements with ex...
- Q4. What is filling in GSTR 1
- Ans.
Filling in GSTR 1 involves reporting outward supplies of goods and services made by a taxpayer.
GSTR 1 is a monthly or quarterly return that needs to be filed by registered taxpayers.
It includes details of sales, invoices issued, and tax collected on sales.
Taxpayers need to report B2B and B2C supplies separately in GSTR 1.
Errors in GSTR 1 can lead to penalties and compliance issues.
Example: A company selling goods worth...
- Q5. Sales and purchase entry
*****
Interview Preparation Tips
- Bank Reconciliation
- GSTR 1
- GST 3B
- Sales bill
I applied via Walk-in and was interviewed in Jul 2024. There was 1 interview round.
(2 Questions)
- Q1. Introduce about your self
- Ans.
I am a detail-oriented and organized individual with a strong background in accounting and finance.
Graduated with a degree in Accounting
Experience working as a finance intern at XYZ Company
Proficient in using accounting software such as QuickBooks
Strong analytical skills and attention to detail
- Q2. What is about BRS
- Ans.
BRS stands for Bank Reconciliation Statement, which is a process of comparing the bank's records with the company's records to ensure they match.
BRS helps in identifying discrepancies between the bank balance and the company's books.
It involves reconciling items such as deposits in transit, outstanding checks, bank errors, and interest earned.
The goal of BRS is to ensure the accuracy of the financial records and preven...
Interview Preparation Tips
Selected
I applied via Recruitment Consulltant and was interviewed in Feb 2024. There were 2 interview rounds.
Financial system services
(6 Questions)
- Q1. What are the journal entries
- Ans.
Journal entries are accounting entries made to record financial transactions in a company's general ledger.
Journal entries consist of a debit entry and a credit entry for each transaction.
Debits are recorded on the left side of the account, while credits are recorded on the right side.
The total debits must equal the total credits for each journal entry.
Example: Debit Cash $500, Credit Sales $500.
- Q2. What is the petty cashier
- Ans.
Petty cashier is a designated employee responsible for handling small cash transactions in an organization.
Responsible for managing small cash transactions
Maintains a petty cash fund for minor expenses
Reconciles petty cash account regularly
Issues receipts for petty cash disbursements
- Q3. What about the financial services
- Q4. What are the investment management
- Ans.
Investment management involves managing financial assets and investments on behalf of clients to achieve their financial goals.
Investment management involves creating and implementing investment strategies for clients.
It includes analyzing financial markets, researching investment opportunities, and monitoring portfolio performance.
Investment managers may recommend buying or selling assets based on market conditions an...
- Q5. What is bank reconciliation statement
- Ans.
Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
It is used to identify any discrepancies between the two sets of records.
It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.
The goal is to ensure the accuracy of the company's financial records and the bank's records.
Once discrepancies are identifi...
- Q6. How do the profit and loss account
- Ans.
The profit and loss account shows the financial performance of a company over a specific period of time.
It summarizes the revenues, costs, and expenses incurred by the company.
The difference between the total revenue and total expenses is the net profit or loss.
It helps in evaluating the financial health and performance of the company.
Example: If a company's revenue is $100,000 and expenses are $80,000, the net profit ...
Interview Preparation Tips
- Accounts
Selected
I was interviewed in Apr 2024.
(3 Questions)
- Q1. What was round one ?
- Ans. I will combine my best .
- Q2. Well done I'm good for my
- Q3. It's good company I appreciate in this
I applied via Naukri.com and was interviewed in Nov 2023. There were 2 interview rounds.
(5 Questions)
- Q1. Tell me about your self ?
- Ans. Hello sir my name is Lokenath Ghosh. My family members me and my mom.my Father was expired on 2017/ 4 /August. Respected ley I was searching a job.i was Complete my hs 2016 and my graduation was raining.
- Q2. Whey you jon ouer company?
- Ans. Sir I was job this company becose.this company is a very famous company in top companies and it is my dream I was to jon a battery financial company like this.
- Q3. How much salary you expectations in this company?
- Q4. Sir this was depends on my work experience.
- Q5. Whey should I Hair in this company ?
- Ans. Sir I think I am a good herd work and responsibil person And I think the company was need to a good responsibil person who manege the company works, I think I am the battery responsible person.
Interview Preparation Tips
I applied via Job Fair and was interviewed in Nov 2023. There were 2 interview rounds.
(6 Questions)
- Q1. Tell me about your self
- Ans.
Good morning sir or madam First of all thank you for giving this opportunity to introduce myself my name is gudaru rajasekhar IAM from nandigram while coming to my education details I AM completed my MBA finance in DVR DR HS Mic Collage of Technology in kanchikacherla
- Q2. Education details
- Q3. Experience details
- Q4. Technical skills
- Q5. Hobbies and achievements
- Ans.
Playing cricket and listening music My Achievements are iam a positive attitude and hardworker
- Q6. Family details that's all
- Ans.
My father name is gudaru veerabhadarao he is a farmer My mother is gudaru padmavati she is house wife I have a younger brother her name is Shankar srinivasarao he is completed degree that's all thank you
Interview Preparation Tips
I applied via Monster and was interviewed in Apr 2024. There was 1 interview round.
(1 Question)
- Q1. Tell me about yourself
Selected
I applied via Recruitment Consulltant and was interviewed in Apr 2024. There was 1 interview round.
What is your last working.
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