Saadia Group Senior Accountant Interview Questions and Answers

Q1. About yourself and Experience details
Add your answer

Q1. They were aksing accounting related questions
Add your answer

Q1. Senior Manager asked me regarding my knowledge what we have done in previous company and all
Add your answer

Q1. What is P2P cycle
Ans. 
P2P cycle stands for Procure-to-Pay cycle, which is the process of obtaining and paying for goods and services.
• P2P cycle involves requisitioning, purchasing, receiving, and paying for goods or services.

• It starts with a purchase requisition, followed by purchase order creation, goods receipt, invoice verification, and ends with payment to the vendor.

• The cycle ensures that goods or services are ordered, received, and pai...read more
Answered by AI
Add your answer

Knowledgeble aptitute test

Accounts

Q1. ACCOUNTING & FINANCE
Add your answer
Q2. SALE, PURCHASE, BANK STATEMENT , JOURNAL VOCHER, TDS, GST , ETC....
Add your answer
Q3. FREIGHT & LOGISTICS
Add your answer
Q4. Billing
Add your answer

Q1. What is accrual system of accounting
Ans. 
The accrual system of accounting recognizes revenues and expenses when they are incurred, regardless of cash flow.
• Revenues are recorded when earned, not when cash is received. Example: A service is provided in December, but payment is received in January.

• Expenses are recorded when incurred, not when paid. Example: A company receives a utility bill in January for December's usage.

• This method provides a more accurate fin...read more
Answered by AI
Add your answer

Q1. What is current account
Ans. 
The current account is a component of a country's balance of payments that records the transactions of goods, services, income, and current transfers.
• It includes exports and imports of goods and services

• It also includes income from investments and transfers such as foreign aid

• The current account balance can be positive (surplus) or negative (deficit)

• A surplus indicates that a country is exporting more than it is import...read more
Answered by AI
Add your answer
Q2. What is preliminary expenses
Ans. 
Preliminary expenses are the costs incurred before a company starts its operations.
• Preliminary expenses are one-time costs that are necessary to set up a business.

• These expenses include legal fees, registration fees, market research costs, etc.

• Preliminary expenses are considered as intangible assets and are amortized over a period of time.

• They are recorded on the balance sheet under the 'Intangible Assets' section.

• Exam...read more
Answered by AI
Add your answer
Q3. Difference between revenue and capital expenditure
Ans. 
Revenue is income generated from the core operations of a business, while capital expenditure is the investment in long-term assets.
• Revenue is the money earned by a company through its primary activities, such as sales of goods or services.

• Capital expenditure refers to the funds spent on acquiring or improving long-term assets, such as property, equipment, or technology.

• Revenue is typically recurring and contributes to...read more
Answered by AI
Add your answer