Shivalik Rasayan Executive Accountant Interview Questions and Answers

Q1. Something about yourself What is your strength and weakness What is finance What is gst How many types of gst used in accounting What is balance sheet
Add your answer
Q2. Pls speak about tds
Ans. 
TDS stands for Tax Deducted at Source, which is a system where tax is deducted by the payer at the time of making payment.
• TDS is applicable on various types of payments such as salary, interest, rent, commission, etc.

• The deducted TDS amount is then deposited with the government on behalf of the payee.

• TDS rates vary depending on the type of payment and the tax status of the payee.

• TDS certificates like Form 16 and Form 1...read more
Answered by AI
Add your answer

Q1. Tell me about yourself
Add your answer
Q2. Questions and general questions
Add your answer
Q3. Accounts related questions
Add your answer
Q4. Golden rules of Accounts
Ans. 
Golden rules of Accounts are basic principles to record financial transactions accurately.
• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit expenses and losses, credit income and gains
Answered by AI
Add your answer
Q5. Excel formulas that used in accounts
Ans. 
Excel formulas commonly used in accounting include SUM, VLOOKUP, IF, and CONCATENATE.
• SUM: Adds up a range of cells

• VLOOKUP: Searches for a value in the first column of a table and returns a value in the same row from another column

• IF: Performs a logical test and returns one value if the test is true and another if it's false

• CONCATENATE: Joins two or more text strings into one
Answered by AI
Add your answer

Accounting MCQ Question

Q1. Basic Accountig Question
Add your answer
Q2. What is journal entryy of prepaid expense
Ans. 
Prepaid expenses are assets that represent payments made for goods or services that have not yet been received.
• Prepaid expenses are recorded as assets on the balance sheet

• The journal entry for prepaid expenses involves debiting the prepaid expense account and crediting the cash or bank account

• As the prepaid expense is used up, it is recognized as an expense on the income statement

• Example: If a company pays $1,200 for i...read more
Answered by AI
Add your answer