Prism Johnson Accountant Interview Questions and Answers

Words, relations, mcqs

C language, jawa , turbo

Q1. What's is debit and credit
Ans. 
Debit and credit are the two sides of every financial transaction. Debit is an entry on the left side, and credit is an entry on the right side.
• Debit represents an increase in assets or a decrease in liabilities or equity.

• Credit represents a decrease in assets or an increase in liabilities or equity.

• Debit and credit must always balance in every transaction.

• For example, when a company purchases inventory with cash, the ...read more
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Q2. What's are Depreciation
Ans. 
Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

• It is calculated based on the useful life of the asset and the method of depreciation chosen.

• Examples of assets that are subject to depreciation include buildings, vehicles, and equipment.

• Depreciation can be straight-l...read more
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Q1. What is the accounting
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Accounting involves the systematic recording of financial transactions.

• It includes summarizing and analyzing financial data to provide insights into the financial health of a business.

• Accounting also involves preparing financial statements and reports for internal and external stakeholders.

• It helps in maki...read more
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Q2. The process of measuring, processing, and sharing financial and other information about businesses and corporations
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Q3. What is bookkeeping and balance sheet
Ans. 
Bookkeeping is the process of recording financial transactions, while a balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
• Bookkeeping involves recording financial transactions such as sales, purchases, receipts, and payments.

• It is important for businesses to keep accurate and up-to-date records for tax purposes and to make informed financial decisi...read more
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Q4. Balance sheet - A balance sheet is a statement of a business's assets, liabilities and owner equity as of any given data . Bookkeeping- It is the process of recording your company's financial transactio...read more
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Q1. Tell mee About youself
Ans. I am Priyanshu Awinash. I am graduated at B.com Hons Accounts patna patliputra univercity. I am experienced in excel and tally My job experience is 3 months And my strength is i am self motivated guy to acheive goal ,hard working, patience person, . My weekenes, i have no weekeness but sometime i lose my emotion but i work ok it If you give mee chance then i do my best
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Q2. Why yo choose accouts field
Ans. The skills you gain when you study accountancy turn you into a highly sought-after finance professional who can work across teams and in strategic, diverse roles all the way up to the boardroom
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Q1. Ambuja Cement Is From Many Years So It Is Like Old Is Gold
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Q2. If The Deler Price Is ₹430 per bag of ambuja plain then what will be the retailer price?
Ans. 
The retailer price cannot be determined with just the dealer price of Ambuja plain.
• The retailer price depends on various factors such as transportation cost, taxes, profit margin, etc.

• The dealer price is the price at which the manufacturer sells the product to the dealer.

• The retailer price is the price at which the dealer sells the product to the end consumer.

• Without additional information, it is impossible to determin
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Q1. If You Had 6 Costomers Together And 2 will be the dealer than What wil your Price per bag?
Ans. 
The question is unclear and lacks necessary information to provide a valid answer.
• The question needs clarification on what is being sold and what the dealer's discount is.

• The number of bags and their price also need to be provided.

• Without this information, it is impossible to calculate the price per bag.
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Q1. About myself,college etc
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Q2. Goals of our in the company etc
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Accounting, excel,formilas in excel and all

Q1. General accounting excel formulas etc
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Q2. Our future goals why shree cement etc
Ans. 
Shree Cement aims to achieve future goals through strategic planning, innovation, and sustainable growth.
• Shree Cement aims to expand its market presence by entering new regions and increasing production capacity.

• The company focuses on innovation in technology and processes to improve efficiency and reduce costs.

• Shree Cement is committed to sustainable practices, such as reducing carbon footprint and promoting environme...read more
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Q1. GST related questions
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Q2. What do u understand from GST and have u any experience in working in GST compliances
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Company p&l structure