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SKM Animal Feeds and Foods Accountant Interview Questions, Process, and Tips
SKM Animal Feeds and Foods Accountant Interview Experiences
1 interview found
Anonymous
Selected
I applied via Walk-in and was interviewed in Jul 2024. There was 1 interview round.
(5 Questions)
- Q1. What is Good will ?
- Ans.
Goodwill is an intangible asset that represents the value of a company's reputation, brand, and customer loyalty.
Goodwill is recorded on a company's balance sheet when it acquires another company for a price higher than the fair market value of its net assets.
It is calculated as the difference between the purchase price and the fair market value of the acquired company's assets and liabilities.
Goodwill is not amortized...
- Q2. Major errors in accounting ?
- Ans.
Major errors in accounting include incorrect data entry, failure to reconcile accounts, and misclassification of expenses.
Incorrect data entry can lead to inaccurate financial statements.
Failure to reconcile accounts can result in missing or duplicate transactions.
Misclassification of expenses can distort the true financial position of a company.
- Q3. What is Double entry ?
- Ans.
Double entry is a fundamental accounting concept where every transaction has equal and opposite effects on at least two accounts.
Every transaction involves at least two accounts - one account is debited and the other is credited.
Debits and credits must always balance, ensuring the accounting equation (Assets = Liabilities + Equity) remains in equilibrium.
Double entry helps maintain accuracy in financial records and all...
- Q4. What is working capital ?
- Ans.
Working capital is the difference between current assets and current liabilities, representing the funds available for day-to-day operations.
Working capital is a measure of a company's operational efficiency and short-term financial health.
It is calculated by subtracting current liabilities from current assets.
Positive working capital indicates that a company has enough assets to cover its short-term liabilities.
Negati...
- Q5. Explain financial statement ?
- Ans.
Financial statements are documents that provide information about a company's financial performance and position.
Financial statements include the balance sheet, income statement, and cash flow statement.
Balance sheet shows assets, liabilities, and equity at a specific point in time.
Income statement shows revenues, expenses, and profits over a period of time.
Cash flow statement shows how cash is generated and used by a ...
Interview Preparation Tips
- Financial Accounting
- Taxation
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Interview questions from similar companies
Selected
I applied via Recruitment Consulltant and was interviewed in Nov 2024. There was 1 interview round.
(2 Questions)
- Q1. Whoes expenses paid on before due date of payment
- Q2. What is depreciation
I applied via Walk-in and was interviewed in Apr 2022. There was 1 interview round.
(1 Question)
- Q1. Account related questions
Interview Preparation Tips
- Compute acconting
I applied via Naukri.com and was interviewed before Jul 2021. There were 3 interview rounds.
(2 Questions)
- Q1. What's your job profile in your previous company?
- Q2. What was your CTC in last company and expection?
(3 Questions)
- Q1. Do you know GST, GST, Income Tax?
- Ans.
Yes, I am familiar with GST, VAT, and Income Tax.
I have experience in preparing and filing GST returns.
I am aware of the different GST rates for various goods and services.
I have knowledge of the input tax credit system under GST.
I am familiar with the provisions of the Income Tax Act and can prepare income tax returns.
I have experience in calculating TDS and advance tax payments.
I am aware of the tax-saving investment...
- Q2. What is TDS rate on GTA?
- Ans.
TDS rate on GTA is 2%.
TDS stands for Tax Deducted at Source.
GTA stands for Goods Transport Agency.
The TDS rate on GTA is 2% of the total amount paid or credited to the GTA.
This TDS is applicable only if the GTA is not registered under GST.
If the GTA is registered under GST, then TDS is not applicable.
- Q3. What is RCM and GST return Filling process?
- Ans.
RCM is Reverse Charge Mechanism and GST return filling process is the process of filing tax returns under the GST regime.
RCM is a mechanism where the recipient of goods or services is liable to pay tax instead of the supplier.
GST return filling process involves filing of various returns like GSTR-1, GSTR-3B, etc. on a monthly or quarterly basis.
The process involves uploading invoices and other details on the GST portal...
Interview Preparation Tips
Selected
I applied via Recruitment Consulltant and was interviewed in Nov 2024. There was 1 interview round.
(2 Questions)
- Q1. Whoes expenses paid on before due date of payment
- Q2. What is depreciation
Executive Accountant Interview Questions & Answers
SWG Consumer Care Limited
Sudhakar
posted on 3 Aug 2024
(1 Question)
- Q1. What are past experiences related to accounts in fmcg
- Ans.
I have over 5 years of experience in managing accounts for FMCG companies, including budgeting, forecasting, and financial analysis.
Managed accounts payable and receivable for a leading FMCG company
Prepared monthly financial reports and analyzed variances to budget
Implemented cost-saving measures resulting in a 10% reduction in expenses
Collaborated with cross-functional teams to streamline financial processes
I applied via Walk-in and was interviewed in Apr 2022. There was 1 interview round.
(1 Question)
- Q1. Account related questions
Interview Preparation Tips
- Compute acconting
I applied via LinkedIn and was interviewed in May 2022. There were 2 interview rounds.
Day today accounting petty cash,Tax invoice local and Import, Debit note, Credit Note,all transport freight invoice booking, GSTR1, GSTR3,ITC 4 Filling,
Interview Preparation Tips
(4 Questions)
- Q1. What are your salary expectations?
- Q2. What is your family background?
- Q3. Why should we hire you?
- Q4. Tell me about yourself.
(1 Question)
- Q1. Journal enteries and Excel
Interview Preparation Tips
I applied via Naukri.com and was interviewed before Jul 2021. There were 3 interview rounds.
(2 Questions)
- Q1. What's your job profile in your previous company?
- Q2. What was your CTC in last company and expection?
(3 Questions)
- Q1. Do you know GST, GST, Income Tax?
- Ans.
Yes, I am familiar with GST, VAT, and Income Tax.
I have experience in preparing and filing GST returns.
I am aware of the different GST rates for various goods and services.
I have knowledge of the input tax credit system under GST.
I am familiar with the provisions of the Income Tax Act and can prepare income tax returns.
I have experience in calculating TDS and advance tax payments.
I am aware of the tax-saving investment...
- Q2. What is TDS rate on GTA?
- Ans.
TDS rate on GTA is 2%.
TDS stands for Tax Deducted at Source.
GTA stands for Goods Transport Agency.
The TDS rate on GTA is 2% of the total amount paid or credited to the GTA.
This TDS is applicable only if the GTA is not registered under GST.
If the GTA is registered under GST, then TDS is not applicable.
- Q3. What is RCM and GST return Filling process?
- Ans.
RCM is Reverse Charge Mechanism and GST return filling process is the process of filing tax returns under the GST regime.
RCM is a mechanism where the recipient of goods or services is liable to pay tax instead of the supplier.
GST return filling process involves filing of various returns like GSTR-1, GSTR-3B, etc. on a monthly or quarterly basis.
The process involves uploading invoices and other details on the GST portal...
Interview Preparation Tips
SKM Animal Feeds and Foods Interview FAQs
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SKM Animal Feeds and Foods Accountant Reviews and Ratings
based on 3 reviews
Rating in categories
|
Accountant
12
salaries
|  ₹1.6 L/yr - ₹2.9 L/yr |
|
Branch Incharge
7
salaries
| ₹1.2 L/yr - ₹3 L/yr |
|
HR Assistant
7
salaries
| ₹2.4 L/yr - ₹4.4 L/yr |
|
Refrigeration Technician
7
salaries
| ₹1.3 L/yr - ₹2.4 L/yr |
|
Sales Officer
7
salaries
| ₹3 L/yr - ₹4.6 L/yr |
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