Rexus Group Accountant Interview Questions and Answers

I am a detail-oriented accountant with 5 years of experience in financial analysis and reporting.

• 5 years of experience in financial analysis and reporting

• Detail-oriented and organized

• Proficient in accounting software such as QuickBooks

• Strong analytical skills

• Bachelor's degree in Accounting from XYZ University

I am impressed by the company's reputation for innovation and growth, and I believe my skills and experience align well with the opportunities here.

• Company's reputation for innovation and growth

• Alignment of skills and experience with opportunities

• Excited about potential for career development and advancement

I am seeking new challenges and opportunities for growth in my career.

• Looking for new challenges and opportunities for growth

• Interested in expanding my skill set

• Seeking a more supportive work environment

• Want to work for a company with better work-life balance

Accountancy is the practice of recording, analyzing, and reporting financial transactions for individuals, businesses, and organizations.

• Accountancy involves the systematic recording of financial transactions.

• It includes analyzing financial data to provide insights and make informed decisions.

• Accountants prepare financial statements and reports to communicate the financial health of an entity.

• They ensure compliance wit...read more

A debtor is a person or entity that owes money or has a financial obligation to another party.

• A debtor is someone who has borrowed money or received goods or services on credit.

• Debtors can be individuals, businesses, or even governments.

• They are legally obligated to repay the borrowed amount or fulfill their financial obligations.

• Debtors are recorded as liabilities on the balance sheet of the creditor.

• Examples of debto...read more

A creditor is a person or entity to whom money is owed.

• A creditor is someone who has provided goods or services on credit.

• They are owed money by the debtor.

• Creditors can be individuals, businesses, or financial institutions.

• Examples of creditors include suppliers, banks, and bondholders.

The ledger entry for a credit sale involves recording the increase in accounts receivable and the corresponding increase in sales revenue.

• Credit sale is a transaction where goods or services are sold on credit, meaning the payment is expected at a later date.

• To record a credit sale, the accounts receivable account is debited to increase the amount owed by the customer.

• Simultaneously, the sales revenue account is credit...read more

Books entry in Tally refers to recording financial transactions in Tally software.

• Create a company in Tally

• Create ledgers for all accounts

• Record transactions using vouchers

• View and print reports

• Ensure accuracy and completeness of entries