SRM University Executive Accountant Interview Questions and Answers

Q1. Introduce yourself and your work profile
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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
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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...read more
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Q4. ESI and epf return related questions
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Q1. Tell me about your self
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Q2. What is TDS with explain
Ans. 
TDS stands for Tax Deducted at Source. It is a tax collection mechanism in India.
• TDS is a way of collecting tax at the source of income.

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

• The person making the payment deducts a certain percentage of tax and deposits it with the government.

• The deducted amount is reflected in the Form 16/16A which is issued to the person receiving ...read more
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Q3. What is GST and GSt return
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GST is a value-added tax levied on goods and services in India. GST return is a document containing details of income, tax paid, and refund claimed.
• GST stands for Goods and Services Tax

• It is a single tax levied on the supply of goods and services

• It replaced multiple indirect taxes like VAT, excise duty, service tax, etc.

• GST return is a document filed by registered taxpayers containing details of their income, tax paid,...read more
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Q4. What is ERP with explain
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ERP stands for Enterprise Resource Planning. It is a software system that integrates all aspects of a business's operations.
• ERP helps businesses streamline their processes and improve efficiency

• It includes modules for finance, human resources, inventory management, and more

• Examples of ERP systems include SAP, Oracle, and Microsoft Dynamics

• ERP can be customized to fit the specific needs of a business

• It provides real-tim...read more
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Yes

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Q1. (1).What does Tally accounting mean? Ans :Tally accounting is an ERP software that is used by small as well as large businesses for business functionalities like accounting,finance,inventory,payroll,etc.....read more
Ans. 
Tally accounting is an ERP software used for business functionalities like accounting, finance, inventory, payroll, etc.
• Tally accounting is an ERP software

• Used by small and large businesses

• Handles accounting, finance, inventory, payroll, etc.

• Helps in managing financial transactions

• Generates financial reports

• Provides real-time data

• Increases efficiency and accuracy

• Premises in accounting refer to fixed assets shown in the
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Q2. (3).what is the difference between capital and revenue transaction? Ans :accounting involves two types of business transactions. Capital and Revenue Revenue transactions refers to the transactions relati...read more
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