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Ranka Jewellers Branch Accountant Interview Questions, Process, and Tips
Ranka Jewellers Branch Accountant Interview Experiences
1 interview found
I applied via Walk-in and was interviewed in Jul 2022. There was 1 interview round.
(5 Questions)
- Q1. What is purchase and sale
- Ans.
Purchase is acquiring goods or services in exchange for money while sale is the process of exchanging goods or services for money.
Purchase involves buying goods or services from a seller
Sale involves selling goods or services to a buyer
Purchase and sale are transactions that involve the exchange of money for goods or services
In accounting, purchase and sale are recorded as expenses and revenue respectively
Examples of p...
- Q2. What is entry of sale and purchase
- Ans.
Entry of sale and purchase refers to recording transactions related to buying and selling of goods or services.
For sale, debit the accounts receivable or cash account and credit the sales account.
For purchase, debit the inventory or expense account and credit the accounts payable account.
These entries are recorded in the general ledger and are used to prepare financial statements.
Examples include recording the sale of ...
- Q3. What is bank reconciliations
- Ans.
Bank reconciliation is the process of comparing a company's bank statement with its own financial records.
Bank reconciliation helps to identify any discrepancies between the bank statement and the company's records.
It involves checking for errors, such as missing transactions or incorrect amounts.
The goal is to ensure that the company's financial records are accurate and up-to-date.
Bank reconciliation is typically done...
- Q4. What is gst and how many types of gst
- Ans.
GST stands for Goods and Services Tax. There are 4 types of GST in India.
GST is a value-added tax levied on the supply of goods and services.
It was introduced in India on July 1, 2017.
The 4 types of GST are CGST, SGST, IGST, and UTGST.
CGST and SGST are levied by the central and state governments respectively on intra-state transactions.
IGST is levied by the central government on inter-state transactions.
UTGST is levied...
- Q5. What is gst full form
- Ans.
GST stands for Goods and Services Tax.
GST is a value-added tax levied on the supply of goods and services.
It was introduced in India on July 1, 2017, to replace multiple indirect taxes.
GST has three components - CGST, SGST, and IGST.
It has simplified the tax structure and made it easier for businesses to comply with tax regulations.
Interview Preparation Tips
- Account Management
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Selected
I applied via Referral and was interviewed before Apr 2023. There were 2 interview rounds.
(3 Questions)
- Q1. Solar plant daily routine Activity questions
- Q2. Maganatic balance test
- Q3. Insulation resistance test
(2 Questions)
- Q1. No question asked daily routine brief
- Q2. Good good good
Interview Preparation Tips
Senior Associate Interview Questions & Answers
Malabar Gold and Diamonds
Anonymous
posted on 21 Sep 2022
I applied via Walk-in and was interviewed before Sep 2021. There were 4 interview rounds.
(1 Question)
- Q1. My self about personal & professional details
- Ans. Give all details basically My self questions
(1 Question)
- Q1. Basically Salary will be Discussed
- Ans. Salary structure is extremely complex, first work on it then only accept the same
(1 Question)
- Q1. Will ask about previous work experience
(1 Question)
- Q1. He will review all rounds an ask
Interview Preparation Tips
narender kumar
(1 Question)
- Q1. Introducing your self
I applied via Referral and was interviewed in May 2021. There were 3 interview rounds.
Interview Questionnaire
3 Questions
- Q1. Who is sundery creditors and debtors
- Ans.
Sundry creditors and debtors are terms used in accounting to refer to individuals or entities who owe money to a company (creditors) or are owed money by a company (debtors).
Sundry creditors are individuals or entities who owe money to a company for goods or services provided.
Sundry debtors are individuals or entities who are owed money by a company for goods or services received.
These terms are commonly used in financ...
- Q2. Debit note credit note
- Q3. Gst filling
Interview Preparation Tips
(1 Question)
- Q1. Introduce your self breifly
Interview Preparation Tips
(1 Question)
- Q1. What is golden rules
- Ans.
Golden rules are basic principles of accounting that guide the recording of financial transactions.
Golden rules are also known as fundamental accounting principles.
There are three golden rules: the personal account rule, the real account rule, and the nominal account rule.
The personal account rule states that debit the receiver and credit the giver.
For example, when cash is received from a customer, we debit the cash a...
I applied via Referral and was interviewed in Mar 2024. There was 1 interview round.
(2 Questions)
- Q1. GST related questions
- Q2. Previous experiences
Interview Preparation Tips
- Financial Management
I applied via Naukri.com and was interviewed in Jun 2021. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Basic Accounting
- Q2. When person putting cash on Bank What Entry u Have Made
- Ans.
The entry made when a person puts cash in the bank is a debit to the bank account and a credit to the cash account.
Debit the bank account to increase the balance.
Credit the cash account to decrease the balance.
The entry follows the basic accounting equation: Assets = Liabilities + Equity.
Example: Debit Bank Account $1,000, Credit Cash Account $1,000.
Interview Preparation Tips
Selected
I applied via Referral and was interviewed before Oct 2023. There were 3 interview rounds.
(5 Questions)
- Q1. Briefly explain concepts of inventory valuation
- Ans.
Inventory valuation is the process of assigning a monetary value to the items held in stock by a business.
Inventory valuation methods include FIFO (First In, First Out), LIFO (Last In, First Out), and weighted average cost.
The chosen method can impact the reported profit and taxes of a business.
Inventory valuation helps in determining the cost of goods sold and the value of ending inventory on the balance sheet.
- Q2. How much tax is charged for transit of gold etc..
- Ans.
The tax charged for transit of gold etc. varies depending on the country and specific regulations.
Tax rates for transit of gold can range from 0% to 10% or more
Some countries may have specific regulations or exemptions for gold transit
Tax rates may also depend on the quantity and value of the gold being transported
- Q3. What does net worth of a company mean ?
- Ans.
Net worth of a company is the total assets minus total liabilities, representing the value of the company's equity.
Net worth = Total assets - Total liabilities
It represents the value of the company's equity
It is an important indicator of a company's financial health and stability
Investors and stakeholders often use net worth to assess the company's value and performance
- Q4. Final accounts, Trading & P&L, Balance sheet
- Q5. Bank Reconciliation Statement
(2 Questions)
- Q1. One On one interview with M.D of accounts
- Q2. Can expect questions from various fields of accounting
(2 Questions)
- Q1. Interview with one of directors of the company
- Q2. Keep a good smile, all the best !
Interview Preparation Tips
- Inventory valuation methods
- GST tax
- Accounting principles
- Communication Skills
Ranka Jewellers Interview FAQs
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