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SRM Institute of Science and Technology Account Assistant Interview Questions and Answers

Updated 5 Sep 2022

SRM Institute of Science and Technology Account Assistant Interview Experiences

1 interview found

I applied via Company Website and was interviewed before Sep 2021. There were 2 interview rounds.

Round 1 - Aptitude Test 

Basic accounting questions
Basic journal entries and accounts

Round 2 - One-on-one 

(1 Question)

  • Q1. What is tds and how much percentage should be deducted?
  • Ans. 

    TDS stands for Tax Deducted at Source. It is a tax collected by the government at the time of payment.

    • TDS is a tax collected by the government at the time of payment.

    • It is deducted from the income of the recipient.

    • The percentage of TDS varies depending on the type of payment and the income of the recipient.

    • For example, the TDS rate for salary income can range from 5% to 30% depending on the income slab.

    • For rent payment...

  • Answered by AI

Interview Preparation Tips

Topics to prepare for SRM Institute of Science and Technology Account Assistant interview:
  • Golden rules
Interview preparation tips for other job seekers - Understand the basic concepts of accounting
And be prepared with golden rules
Basics of tds and gst

Interview questions from similar companies

Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(2 Questions)

  • Q1. Golden rules of accounts
  • Ans. 

    Golden rules of accounts are basic principles that guide the process of recording financial transactions.

    • Debit what comes in, credit what goes out

    • Debit the receiver, credit the giver

    • Debit all expenses and losses, credit all incomes and gains

  • Answered by AI
  • Q2. Accounts basics
Round 2 - Technical 

(2 Questions)

  • Q1. Golden rules of accounts
  • Ans. 

    Golden rules of accounts are basic principles that guide the recording of financial transactions.

    • 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
  • Q2. Accounts questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Good
Interview experience
4
Good
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Feb 2024. There was 1 interview round.

Round 1 - HR 

(1 Question)

  • Q1. Why should we hire you?.. Expect the unexpected..
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Sep 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Tell about yourself
  • Q2. Why u want to join this company
Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Feb 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - One-on-one 

(4 Questions)

  • Q1. Introduce yourself and your work profile
  • Q2. How you reconcile bank statements ?
  • Ans. 

    I reconcile bank statements by comparing the transactions on the statement with my records.

    • Obtain the bank statement and compare it with your records

    • Check for any discrepancies or errors

    • Adjust your records accordingly

    • Ensure that the ending balance on the statement matches your records

    • Document the reconciliation process for future reference

  • Answered by AI
  • Q3. What you now about TDS ?
  • Ans. 

    TDS stands for Tax Deducted at Source, which is a tax collection mechanism in India.

    • TDS is a tax collection mechanism in India where the payer deducts a certain percentage of tax from the payment made to the payee.

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

    • TDS is applicable to various types of payments such as salary, rent, commission, interest, etc.

    • The rate of TDS varies depending on...

  • Answered by AI
  • Q4. ESI and epf return related questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and honest.i.e never manipulate things.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed before Nov 2023. There were 2 interview rounds.

Round 1 - Aptitude Test 

Simple accounting questions

Round 2 - One-on-one 

(3 Questions)

  • Q1. Basic entries related to accounting
  • Q2. Tds and gst related questions
  • Q3. Some Maths calculation in last round

Interview Preparation Tips

Interview preparation tips for other job seekers - Just brush up accounting concepts
Interview experience
1
Bad
Difficulty level
-
Process Duration
-
Result
Selected Selected
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Why amity university
  • Q2. Pay expectations
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Double-check your resume for any spelling mistakes. The recruiter may consider spelling mistakes as careless behavior or poor communication skills.
View all tips
Round 2 - Accounting 

(11 Questions)

  • Q1. Tell me little your introduction
  • Q2. Why should hire you Company
  • Q3. What is the balance sheet
  • Ans. 

    The balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

    • It provides a snapshot of a company's financial position

    • Assets are listed first, followed by liabilities and equity

    • The equation Assets = Liabilities + Equity must always balance

    • It is used by investors, creditors, and management to assess a company's financial health

  • Answered by AI
  • Q4. What is the bank reconciliation statement
  • Ans. 

    Bank reconciliation statement is a document that compares the bank statement with the company's records.

    • It helps to identify any discrepancies between the two records.

    • It includes items such as deposits in transit, outstanding checks, and bank errors.

    • The goal is to ensure that the company's records match the bank's records.

    • It is an important tool for detecting fraud or errors in accounting.

    • Example: If a company records ...

  • Answered by AI
  • Q5. What is the GST and component
  • Ans. 

    GST stands for Goods and Services Tax, a value-added tax levied on the supply of goods and services in India.

    • GST is a comprehensive indirect tax that replaced multiple indirect taxes in India.

    • It is levied on the value addition at each stage of production or distribution.

    • There are four components of GST: CGST, SGST, IGST, and UTGST.

    • CGST and SGST are levied by the central and state governments, respectively, on intra-sta...

  • Answered by AI
  • Q6. What is a TDS and who is liable
  • Ans. 

    TDS stands for Tax Deducted at Source. It is a tax collection mechanism in India.

    • TDS is a system where tax is deducted at the source of income itself.

    • It is applicable to various types of income such as salary, interest, commission, rent, etc.

    • The person who is making the payment is liable to deduct TDS and deposit it with the government.

    • The rate of TDS varies depending on the type of income and the amount being paid.

    • The...

  • Answered by AI
  • Q7. What is account receivable and account payable
  • Ans. 

    Accounts receivable is money owed to a company by its customers, while accounts payable is money a company owes to its suppliers.

    • Accounts receivable is an asset on a company's balance sheet

    • Accounts payable is a liability on a company's balance sheet

    • Accounts receivable represents sales that have been made but not yet collected

    • Accounts payable represents purchases that have been made but not yet paid for

    • Examples of accou...

  • Answered by AI
  • Q8. What is the life goals
  • Ans. 

    My life goal is to continuously learn, grow, and make a positive impact on the world.

    • To continuously learn and grow in my personal and professional life

    • To make a positive impact on the world through my work and actions

    • To build meaningful relationships with family, friends, and colleagues

    • To achieve financial stability and security

    • To travel and experience different cultures

    • To maintain a healthy and active lifestyle

  • Answered by AI
  • Q9. What is a depreciation
  • Ans. 

    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 machinery

  • Answered by AI
  • Q10. What is the bookkeeping and accountancy
  • Ans. 

    Bookkeeping is the recording of financial transactions, while accountancy involves analyzing and interpreting financial data.

    • Bookkeeping involves recording financial transactions such as sales, purchases, and payments.

    • Accountancy involves analyzing and interpreting financial data to provide insights and make informed decisions.

    • Bookkeeping is the foundation of accountancy, providing the data needed for analysis and inte...

  • Answered by AI
  • Q11. And tell me your family background

Interview Preparation Tips

Interview preparation tips for other job seekers - So basically question accounting and TDS and GST..HR

Interview Questionnaire 

4 Questions

  • Q1. Bank reconciliation entries
  • Q2. Definition of Receivables
  • Ans. 

    Receivables are amounts owed to a company by its customers for goods or services provided on credit.

    • Receivables are recorded as assets on a company's balance sheet.

    • They represent the amount of money that a company expects to receive from its customers.

    • Examples of receivables include accounts receivable, notes receivable, and trade receivables.

    • Companies must manage their receivables carefully to ensure timely payment an

  • Answered by AI
  • Q3. Pivot table, vlookup tables prepartion
  • Q4. Profit and loss a/c entries

I applied via Naukri.com and was interviewed before Sep 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. About privious experience

Interview Preparation Tips

Interview preparation tips for other job seekers - Nice and we'll environment

SRM Institute of Science and Technology Interview FAQs

How many rounds are there in SRM Institute of Science and Technology Account Assistant interview?
SRM Institute of Science and Technology interview process usually has 2 rounds. The most common rounds in the SRM Institute of Science and Technology interview process are Aptitude Test and One-on-one Round.
How to prepare for SRM Institute of Science and Technology Account Assistant interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at SRM Institute of Science and Technology. The most common topics and skills that interviewers at SRM Institute of Science and Technology expect are Tally, Tally ERP, Accounting and Tally Accounting.

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SRM Institute of Science and Technology Account Assistant Salary
based on 12 salaries
₹1 L/yr - ₹2.5 L/yr
18% less than the average Account Assistant Salary in India
View more details

SRM Institute of Science and Technology Account Assistant Reviews and Ratings

based on 3 reviews

3.5/5

Rating in categories

4.0

Skill development

3.0

Work-life balance

2.4

Salary

4.0

Job security

3.7

Company culture

3.0

Promotions

3.4

Work satisfaction

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