R K D Construction Executive Accountant Interview Questions and Answers

TDS stands for Tax Deducted at Source. It is a tax collected by the government at the time of payment.

• TDS is deducted from the income of an individual or a company before the payment is made.

• It is applicable to various types of payments such as salary, rent, commission, interest, etc.

• The rate of TDS varies depending on the type of payment and the income of the recipient.

• The deducted TDS amount is deposited with the gov...read more

Entry of invoice and bank reconciliation are important tasks for an Accounts Executive.

• Invoice entry involves recording all the invoices received from vendors and customers in the accounting system.

• Bank reconciliation involves matching the transactions recorded in the accounting system with the transactions recorded in the bank statement.

• Any discrepancies between the two need to be identified and resolved.

• Bank reconcil...read more

To check if a vendor bill is genuine, match it with the PO order and verify the details.

• Verify the vendor's name and address on the bill

• Check if the bill matches the PO order in terms of quantity, price, and items

• Ensure that the bill has a unique invoice number and date

• Verify that the bill has been authorized by the relevant department or personnel

• Check for any discrepancies or errors in the bill