Shiv Enterprises Accountant Interview Questions and Answers

Q1. What are different types of accounting ?
Ans. 
There are several types of accounting, including financial accounting, management accounting, and tax accounting.
• Financial accounting focuses on recording and reporting financial transactions of a company.

• Management accounting involves analyzing financial data to help with decision-making and planning.

• Tax accounting deals with preparing and filing tax returns for individuals and businesses.

• Other types include forensic
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Q2. What is working capital ?
Ans. 
Working capital is the measure of a company's liquidity and operational efficiency.
• Working capital is the difference between a company's current assets and current liabilities.

• It represents the funds available to a company for day-to-day operations.

• Positive working capital indicates a company's ability to meet short-term obligations.

• Negative working capital suggests a company may struggle to pay off its current liabili...read more
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Q3. Which accounting platform have you worked on ? which one do you prefer the most ?
Ans. 
I have worked on QuickBooks, Xero, and SAP. I prefer QuickBooks for its user-friendly interface and comprehensive features.
• I have experience using QuickBooks, Xero, and SAP accounting platforms.

• QuickBooks is my preferred platform due to its user-friendly interface and comprehensive features.

• Xero is also a good platform, but I find it less intuitive than QuickBooks.

• SAP is a powerful platform, but it is more suitable for...read more
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Q4. What is TDS? where do you show TDS in balance sheet ?
Ans. 
TDS stands for Tax Deducted at Source. It is a tax collection mechanism in India.
• TDS is deducted by the payer while making certain payments like salary, rent, interest, etc.

• It is deducted at a specified rate and deposited with the government.

• TDS is reflected in the balance sheet as a liability under the head 'TDS Payable'.

• The amount of TDS deducted is shown as a reduction in the respective expense or income in the prof...read more
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Scenario wise questionaries, they had give for the explained on.

Q1. What the education and assessment.
Ans. 
Education and assessment are crucial for measuring knowledge and skills.
• Education provides the foundation for learning and acquiring knowledge and skills.

• Assessment measures the level of understanding and mastery of the subject matter.

• Effective education and assessment methods can lead to better learning outcomes and improved performance.

• Examples of assessment methods include exams, quizzes, projects, and presentations
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Q2. Tell me about your self?
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Q1. HR round consist of your education qualification, prior work experience
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Q2. They even ask about the company (Hire Glocal) to check your knowledge about the company.
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Q1. This round is the most tricky and important .
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Q2. As your interview is taken by the senior department head, In this round, your industry aptitude is tested, metrics of the particular market, on-going situation etc.
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Q1. What is transformer , working , parts, life
Ans. 
A transformer is an electrical device that transfers electrical energy from one circuit to another through electromagnetic induction.
• Transformers consist of two coils of wire wrapped around a magnetic core.

• The primary coil is connected to the input voltage source, while the secondary coil is connected to the output load.

• The transformer works on the principle of electromagnetic induction, where a changing magnetic field...read more
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Q1. What is Name CEO of Company
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Q2. What is data annotation
Ans. 
Data annotation is the process of labeling data to make it usable for machine learning algorithms.
• Data annotation involves adding tags, labels, or notes to data points.

• It helps in training machine learning models by providing labeled data for classification or regression tasks.

• Examples include labeling images with objects or categories, tagging text with sentiment or topics, and annotating audio with speech or music.
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