Reliance Infrastructure Senior Executive Finance & Accounts Interview Questions and Answers

Logical reasoning and english grammar

Q1. Tell me about yourself
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Q2. What are indas you are comfotable with
Ans. 
I am comfortable with IND-AS 109, 115, 116, and 113 in finance reporting.
• IND-AS 109: Financial Instruments

• IND-AS 115: Revenue from Contracts with Customers

• IND-AS 116: Leases

• IND-AS 113: Fair Value Measurement
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Q3. Explain indas 116
Ans. 
Ind AS 116 is a new lease accounting standard that replaces the existing Ind AS 17.
• Ind AS 116 requires lessees to recognize most leases on their balance sheets as assets and liabilities.

• It eliminates the classification of leases as either operating leases or finance leases.

• Lessees must now recognize a right-of-use asset representing their right to use the leased asset and a lease liability representing their obligation...read more
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Q1. 1. Journal entry of sales 2. Recent amendments in taxation
Ans. 
Journal entry of sales and recent amendments in taxation
• Journal entry of sales involves debiting the cash or accounts receivable account and crediting the sales account

• Recent amendments in taxation include changes in tax rates, tax laws, and tax policies

• For example, the recent amendment in the US tax law is the Tax Cuts and Jobs Act of 2017
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Q2. 3.Basic journal entries 4. Cost audit requirements
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Q1. Previous duties and works
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Q1. GST, TDS, BRS,FINAL ACCOUNTS
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Q1. Can you handle these works
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Q2. How well can you do these work
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Q1. General questions regarding why change and other stuff
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Q1. Profile related only
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Q1. Head of Department
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