SDP & Associates (Office) Senior Audit Executive Interview Questions and Answers

Numerical ability

General questions related to the role and some logical reasoning questions

Q1. Questions related to the role
Add your answer

Q1. What is accounting
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples include balance sheets, income statements, and cash flow statements
Answered by AI
Add your answer
Q2. What is indirect tax
Ans. 
Indirect tax is a tax collected by an intermediary (such as a retailer) from the person who ultimately bears the economic burden of the tax.
• Indirect taxes are not directly paid by the consumer to the government.

• They are imposed on goods and services, and the burden is passed on to the final consumer.

• Examples include sales tax, value-added tax (VAT), excise duty, and customs duty.
Answered by AI
Add your answer
Q3. What is capital gain
Ans. 
Capital gain is the profit that results from a sale of a capital asset, such as stocks, bonds, or real estate.
• Capital gain is the difference between the purchase price and the selling price of an asset.

• It is considered a taxable event by the IRS.

• Long-term capital gains are taxed at a lower rate than short-term capital gains.

• Examples of capital assets include stocks, bonds, real estate, and precious metals.
Answered by AI
Add your answer
Q4. Slab reates of income tax
Ans. 
Income tax slab rates are the different levels of income at which different tax rates apply.
• Income up to Rs. 2.5 lakh is exempt from tax

• Income between Rs. 2.5 lakh to Rs. 5 lakh is taxed at 5%

• Income between Rs. 5 lakh to Rs. 10 lakh is taxed at 20%

• Income above Rs. 10 lakh is taxed at 30%
Answered by AI
Add your answer
Q5. Induction to ur self
Ans. 
I am a detail-oriented and organized individual with a strong background in accounting and finance.
• Bachelor's degree in Accounting

• 2+ years of experience in accounts payable and receivable

• Proficient in using accounting software such as QuickBooks

• Strong analytical and problem-solving skills

• Excellent communication and interpersonal skills
Answered by AI
Add your answer

GD round on Cashless vs Cash

Knowledge test faced

Q1. Related to Accounts background
Add your answer

Q1. Gst,tds releted question
Add your answer
Q2. Face to face interview
Add your answer

Q1. Companies Act, SA, IndAS.
Add your answer

Q1. About salary expectation
Add your answer