Rosmerta Technologies Accountant Interview Questions and Answers

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Q1. Explain about yourself
Ans. 
Experienced accountant with a strong background in financial analysis and reporting.
• Bachelor's degree in Accounting from XYZ University

• 5+ years of experience in financial accounting

• Proficient in using accounting software such as QuickBooks and SAP

• Strong analytical skills and attention to detail

• Excellent communication and interpersonal skills

• Managed a team of 3 accountants in previous role
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Q2. How can you survive here
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To survive here, I will focus on continuous learning, building strong relationships, adapting to changes, and maintaining a positive attitude.
• Continuous learning to stay updated with industry trends and regulations

• Building strong relationships with colleagues and clients for support and collaboration

• Adapting to changes in technology and processes to remain efficient and effective

• Maintaining a positive attitude to overc
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Q1. 3 golden rules of accounting
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The 3 golden rules of accounting are: 1. Debit the receiver, credit the giver. 2. Debit what comes in, credit what goes out. 3. Debit expenses and losses, credit income and gains.
• Debit the receiver, credit the giver - when a business receives something, it debits the account and when it gives something, it credits the account.

• Debit what comes in, credit what goes out - when money comes into the business, it debits the ...read more
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Q2. Difference between budget and forcast
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Budget is a financial plan for a specific period, while forecast is an estimate of future financial outcomes.
• Budget is a detailed plan of income and expenses for a specific period, usually a year.

• Forecast is an estimate of future financial outcomes based on past performance and current trends.

• Budget is more rigid and inflexible, while forecast is more flexible and adaptable.

• Budget is used for planning and controlling e...read more
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Q1. What do you know about Contracts and what are the essential elements of a Contract?
Ans. 
Contracts are legally binding agreements between two or more parties.
• Contracts are formed when there is an offer, acceptance, consideration, and intention to create legal relations.

• Essential elements of a contract include offer, acceptance, consideration, intention to create legal relations, capacity, and legality of purpose.

• Example: A contract for the sale of goods where one party offers to sell a product, the other p...read more
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Q2. Types of termination of Contracts?
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Types of termination of Contracts include termination by performance, termination by agreement, termination by breach, termination by frustration, and termination by operation of law.
• Termination by performance occurs when both parties fulfill their obligations under the contract.

• Termination by agreement happens when both parties mutually agree to end the contract.

• Termination by breach occurs when one party fails to ful...read more
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Q3. Questions mostly related to Contract Laws.
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Q1. Basic questions about yourself and related to specific shifts you will be working in.
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Q1. Basic questions about yourself and prior work experience
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Q2. Would you be comfortable working in shifts
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Q1. Questions related to Contract Law
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Q2. What are the elements of a valid Contract
Ans. 
Elements of a valid contract include offer, acceptance, consideration, legal capacity, and legal purpose.
• Offer: One party must make a clear offer to another party.

• Acceptance: The offer must be accepted by the other party.

• Consideration: Both parties must exchange something of value.

• Legal capacity: Both parties must have the legal capacity to enter into a contract.

• Legal purpose: The contract's purpose must be legal.
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Q3. Different types of agreement
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Different types of agreements include verbal, written, implied, unilateral, bilateral, and executory agreements.
• Verbal agreements are made through spoken words.

• Written agreements are documented in writing.

• Implied agreements are inferred from the actions or conduct of the parties.

• Unilateral agreements involve a promise from one party to another.

• Bilateral agreements involve promises from both parties.

• Executory agreements...read more
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Q4. What is Termination clause and types of termination
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Termination clause defines conditions under which a contract can be ended. Types include for cause, without cause, and automatic termination.
• Termination clause outlines the circumstances under which a contract can be terminated

• Types of termination include for cause, without cause, and automatic termination

• For cause termination occurs when one party breaches the contract

• Without cause termination allows either party to e...read more
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It is based on contract abstraction.

Q1. It us an interview with the manager or lead.
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Q1. Have a knowledge about H1 B visa - USA
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Q1. Basic ABOUT YOUR SELF
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Form of H1B VISA AND FORM FILLING

Q1. Be prepared with ms Excel
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Q1. Questions regarding coding of documents, hipaa matters
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