Smartech Services Interview Questions and Answers

GST recon involves comparing the GST returns filed by a business with the financial records to ensure accuracy.

• Ensure all sales and purchases are accurately recorded in the financial statements

• Compare the GST returns filed with the financial records to identify any discrepancies

• Reconcile any differences found by investigating the reasons behind them

• Adjust the financial records as necessary to align with the GST returns

• ...read more

To post month end journal entry like prepaid and provision, ensure accurate calculations and proper documentation.

• Calculate the amount to be prepaid or provisioned based on expenses incurred but not yet recorded.

• Create journal entries to debit prepaid or provision account and credit corresponding expense account.

• Ensure proper documentation and approval for the journal entries.

• Review and reconcile prepaid and provision ...read more

Tea deduction refers to the process of deducting expenses related to tea consumption from the overall budget or financial records.

• Tea deduction is a common practice in some cultures where tea is considered a necessary expense for business meetings or office work.

• The procedure involves keeping track of the amount spent on tea purchases and deducting it from the appropriate budget category.

• Documentation of tea expenses, ...read more