Sanskar Processors Accounts Executive, Accounts Officer Interview Questions and Answers

Q1. What was the your ambition ?
Ans. 
My ambition is to become a successful Accounts & Finance Executive in a reputable company.
• To excel in financial analysis and reporting

• To develop strong budgeting and forecasting skills

• To enhance my knowledge of tax regulations and compliance

• To eventually become a CFO or Finance Director

• To contribute to the growth and success of the organization
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Q2. What was the your future plan for life ?
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My future plan is to continue advancing in my career in accounts and finance, eventually becoming a financial manager or director.
• Continue gaining experience and knowledge in accounts and finance

• Pursue further education or certifications in the field

• Work towards a promotion to a financial manager or director role

• Seek opportunities for professional growth and development

• Eventually aim to lead a finance team or departmen
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Q1. What was the your future growth ?
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My future growth involves obtaining a professional certification, gaining more experience in financial analysis, and eventually moving into a managerial role.
• Obtaining a professional certification such as CPA or CFA to enhance my credentials

• Gaining more experience in financial analysis and reporting

• Working towards taking on more responsibilities and eventually moving into a managerial role

• Continuing education and stayi
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Q2. What was sink of kn
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Sink of KN is a term used in accounting to refer to the process of writing off an asset that has no residual value.
• Sink of KN is also known as scrapping of assets.

• It involves removing an asset from the balance sheet due to it being obsolete or no longer useful.

• This process helps in accurately reflecting the true value of assets on the balance sheet.

• Example: If a company decides to dispose of an old machinery that is no...read more
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Q1. What is your name ?
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My name is John Smith.
• My first name is John.

• My last name is Smith.

• I go by the name John Smith in professional settings.
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Q2. What is your mother toung ?
Ans. 
My mother tongue is English.
• English is the primary language spoken in my household and community.

• I have been speaking English since I was a child.

• I am fluent in English and use it for communication in both personal and professional settings.
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Numerical verbal abstracts and logical reasoning questions.

Q1. Can you tell me about yourself? What are your strengths? Where do you see yourself in five years? Why are you interested in this job?
Ans. 
Experienced accountant with strong analytical skills and a passion for financial management. Goal-oriented and dedicated to continuous learning and growth.
• Strengths include attention to detail, problem-solving skills, and proficiency in financial software

• In five years, I see myself as a senior accountant or financial manager, leading a team and contributing to the strategic growth of the organization

• I am interested in ...read more
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Q2. What are your weaknesses?
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One of my weaknesses is that I can be overly critical of my own work.
• I tend to be a perfectionist and can spend too much time on a task to ensure it is flawless

• I sometimes struggle with delegating tasks to others because I want to make sure they are done correctly

• I am working on improving my time management skills to prioritize tasks more effectively
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Q1. Knowledge and skills
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Q2. Confidence and communcation
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Q3. Problem solving skills
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Q1. Accounts related questions? What is the cash application cycle. Cash application cycle is the process of business taking incoming customer payment, Matching them to the corresponding to invoice.It hels to ...read more
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Q2. What is P2P Accounting P2P stands for Procure to Pay is the processing of acquiring goods or services for a business. It's knowns as purchase to pay.
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Q3. What is R2R in Accounting Record to report is the process of financial and accounting that involves processing,collecting and reporting financial data. It helps to ensure that companies financial statement...read more
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Q4. Cash sales journal entry with discount. Cash ac dr To sales
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Q5. What is the 10 concept of Ms excel. Business analyzies People management Managing Operation Performance Reporting Office administration Strategic Analysis Project management Managing Program Contr...read more
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Q1. Account related
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Q2. GST
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Q3. TDS
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Q1. What is account
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Q2. GSTR-1 AND GSTR 3B
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Q1. What is Accounts payable
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Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable is a liability on the balance sheet

• It represents the amount of money owed by a company to its suppliers or vendors

• It is typically recorded when goods or services are received but payment has not yet been made

• Accounts payable is an important part of a company's working capital man
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Q2. What is Bank reconcilation statment
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Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
• It is used to identify any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure the accuracy of the company's financial records and the bank's records.

• Once discrepancies are identifi...read more
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Q1. Introduction About our self
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I am a dedicated and experienced Executive Accountant with a strong background in financial management and strategic planning.
• I have over 10 years of experience in accounting and finance

• I have a proven track record of successfully managing budgets and financial reporting

• I am skilled in financial analysis and forecasting

• I have a strong understanding of GAAP and financial regulations

• I have excellent communication and lea
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Q2. What is Accounting Types of Accounts
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Accounting involves recording financial transactions of a business.

• Types of accounts include assets, liabilities, equity, revenue, and expenses.

• Assets are resources owned by the business, like cash and inventory.

• Liabilities are obligations of the business, such as loans and accounts payable.

• Equity represen...read more
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