SMC Global Securities Senior Accounts Executive Interview Questions and Answers

Q1. Basic details about the candidate
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Q2. Experience of the candidate and all
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Apptitude question and situational question

Basic questions related to the aptitude and Grammar

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Q1. One on one round is very powerful and it will give knowledge
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Q2. What is an accounting
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Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
• Accounting involves keeping track of financial transactions such as sales, purchases, and payments.

• It includes classifying these transactions into categories such as assets, liabilities, and equity.

• The information is then summarized in financial statements such a...read more
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Q3. What is charated accountant
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A chartered accountant is a professional who has completed the necessary education and training to become a certified accountant.
• Chartered accountants provide financial advice, audit financial statements, and prepare tax returns for individuals and businesses.

• They are experts in accounting, auditing, taxation, and financial management.

• To become a chartered accountant, one must complete a rigorous education and training...read more
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Q4. What is final account
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Final account is the statement of all financial transactions of a business for a particular period.
• Final account is prepared at the end of an accounting period

• It includes the balance sheet, profit and loss account, and cash flow statement

• It shows the financial position and performance of the business

• It helps in making important financial decisions

• Example: A final account for the year 2020 will include all financial tra...read more
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Q5. What is the process of accounting
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The process of accounting involves recording, classifying, summarizing, and interpreting financial transactions.
• Recording financial transactions in a journal or ledger

• Classifying transactions into different accounts

• Summarizing the transactions into financial statements

• Interpreting the financial statements to make business decisions
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Q6. This type of questions are to be asked
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Q7. What is profit and loss account
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A profit and loss account is a financial statement that shows the revenues, expenses, and net profit or loss of a company over a specific period.
• It summarizes the company's financial performance during a given period.

• It includes revenues from sales, cost of goods sold, operating expenses, and other income or expenses.

• The difference between total revenues and total expenses represents the net profit or loss.

• It helps in ...read more
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Q8. What is an interview
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Q1. There were questions about the previous work handled, reasons for location change.
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Q1. Same as in 1st round
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Q1. What's is debit and credit
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Debit and credit are the two sides of every financial transaction. Debit is an entry on the left side, and credit is an entry on the right side.
• Debit represents an increase in assets or a decrease in liabilities or equity.

• Credit represents a decrease in assets or an increase in liabilities or equity.

• Debit and credit must always balance in every transaction.

• For example, when a company purchases inventory with cash, the ...read more
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Q2. What's are Depreciation
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Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

• It is calculated based on the useful life of the asset and the method of depreciation chosen.

• Examples of assets that are subject to depreciation include buildings, vehicles, and equipment.

• Depreciation can be straight-l...read more
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Q1. What is the Job Role In Your Company
Ans. Accountant In Tally with computer operator
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Q2. Why is the resign Your Previous Job
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