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Reliance Retail
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Reliance Retail Junior Accountant Interview Questions and Answers
Reliance Retail Junior Accountant Interview Experiences
1 interview found
I applied via Walk-in and was interviewed in Aug 2021. There were 3 interview rounds.
Interview Questionnaire
3 Questions
- Q1. What is the basic account equation ?
- Ans.
The basic account equation is Assets = Liabilities + Equity.
Assets are what a company owns or has control over, such as cash, inventory, and property.
Liabilities are what a company owes to others, such as loans and accounts payable.
Equity is the residual interest in the assets of the company after deducting liabilities.
The equation must always balance, meaning that the total assets must equal the total liabilities and
- Q2. What are a couple of ways to estimate bad debt ?
- Ans.
Two ways to estimate bad debt are aging method and percentage of sales method.
Aging method involves categorizing accounts receivable by age and estimating the percentage of each category that will become bad debt.
Percentage of sales method involves estimating the percentage of sales that will become bad debt based on historical data or industry averages.
Other methods include customer creditworthiness analysis and indus...
- Q3. How can you minimize and check for your errors in your work ?
- Ans.
To minimize and check for errors, I double-check my work and use tools like spell-check and formulas.
I review my work multiple times before submitting it
I use tools like spell-check and grammar-check to catch any errors
I use formulas and templates to ensure accuracy
I ask a colleague to review my work for a fresh perspective
I take breaks to avoid fatigue and maintain focus
Interview Preparation Tips
Interview questions from similar companies
(2 Questions)
- Q1. What are your strengths and weaknesses?
- Q2. Why do you want to work at our company?
Interview Preparation Tips
I applied via Referral and was interviewed in Feb 2021. There was 1 interview round.
Interview Questionnaire
3 Questions
- Q1. Golden rules of account
- Ans.
The golden rules of accounting are basic principles that guide the recording of financial transactions.
The first golden rule is the Personal Account rule, which states that debit the receiver and credit the giver.
The second golden rule is the Real Account rule, which states that debit what comes in and credit what goes out.
The third golden rule is the Nominal Account rule, which states that debit all expenses and losse
- Q2. What is detor ane creator
- Ans.
Debtor and creditor are accounting terms used to describe the relationship between two parties in a financial transaction.
A debtor is a person or entity that owes money to another party.
A creditor is a person or entity to whom money is owed by another party.
Debtors are recorded as liabilities on the balance sheet, while creditors are recorded as assets.
Examples of debtors include customers who have not yet paid for goo...
- Q3. A creditor is an entity or person that lends money or extends credit to another party. A debtor is an entity or person that owes money to ..
Interview Preparation Tips
Selected
I applied via Job Portal and was interviewed in Oct 2024. There were 2 interview rounds.
(6 Questions)
- Q1. Name and personal details
- Q2. Working experience and job natural
- Q3. Working Timing and hours
- Q4. Salary packages and years leaves
- Q5. Food and Stay details
- Q6. Over time duty hours
Its amazing and proper working naturally
(6 Questions)
- Q1. My name is ranjan kamat
- Q2. My education is M. Com completed
- Q3. I have 2years experience
- Q4. My location inBadarpur
- Q5. My Father name is rajendra kamat
- Q6. I have knowledge tally genuse gst tds
(1 Question)
- Q1. Previous work experience
(1 Question)
- Q1. Previous work experience
(2 Questions)
- Q1. Tell me about your self
- Q2. Why do you want to join
Vlookup formula and other accounting basic question
Accountant Interview Questions & Answers
Baazar Retail Private Limited
Anonymous
posted on 7 Jun 2024
I applied via Naukri.com and was interviewed before Jun 2023. There was 1 interview round.
(2 Questions)
- Q1. Highest study and grade
- Ans.
Bachelor's degree in Accounting with a GPA of 3.8
Bachelor's degree in Accounting
GPA of 3.8
Completed relevant coursework in financial accounting, auditing, and taxation
Received Dean's List honors for academic achievement
- Q2. How many years of experience
Interview Preparation Tips
Selected
I applied via Recruitment Consulltant and was interviewed before Sep 2022. There was 1 interview round.
(2 Questions)
- Q1. General Accepted Accounting Principle
- Ans.
General Accepted Accounting Principle refers to a common set of accounting standards and procedures used in the preparation of financial statements.
GAAP ensures consistency and comparability in financial reporting
GAAP includes principles such as the cost principle, revenue recognition principle, and matching principle
GAAP is important for investors, creditors, and other stakeholders to make informed decisions based on
- Q2. Basic Accounting terms
Interview Preparation Tips
Selected
I applied via Naukri.com and was interviewed before Feb 2022. There were 3 interview rounds.
(1 Question)
- Q1. Mostly the assessment of your English communication and confidence levels
(2 Questions)
- Q1. About the IFRS and other accounting standards
- Q2. Excel fluency and how to handle the team
- Ans.
Excel fluency and team management are crucial for a Senior Accountant.
Demonstrate proficiency in using Excel for financial analysis, data manipulation, and reporting.
Highlight experience in creating complex formulas, pivot tables, and macros.
Discuss your ability to handle large datasets and perform data analysis.
Explain how you ensure accuracy and integrity of financial data in Excel.
Describe your experience in trainin...
Interview Preparation Tips
- IFRS
- Budget preparation
- Forecasting
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Reliance Retail Junior Accountant Reviews and Ratings
based on 3 reviews
Rating in categories
|
Assistant Manager
4.2k
salaries
|  ₹1.5 L/yr - ₹10.3 L/yr |
|
Store Manager
4.1k
salaries
| ₹1.8 L/yr - ₹9.7 L/yr |
|
Department Manager
3.6k
salaries
| ₹1.5 L/yr - ₹6.2 L/yr |
|
Deputy Manager
2.5k
salaries
| ₹4.3 L/yr - ₹15.8 L/yr |
|
Senior Executive
1.9k
salaries
| ₹1.5 L/yr - ₹8.5 L/yr |
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