SRM University Executive Accountant Interview Questions and Answers

English test and email writing

Q1. Tell me about yourself
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Q2. How much expectation you have
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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 little your introduction
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Q2. Why should hire you Company
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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
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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 ...read more
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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...read more
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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...read more
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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...read more
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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
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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
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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...read more
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Q11. And tell me your family background
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Q1. Expectation salary
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Q2. About skills
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Q3. What is your education
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Q4. And your last salary
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English test and email writing

Q1. Tell me about yourself
Add your answer
Q2. How much expectation you have
Add your answer

Q1. Introduce yourself and your work profile
Add your answer
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
Add your answer
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
Answered by AI
Add your answer
Q4. ESI and epf return related questions
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Q1. Why should we hire you?.. Expect the unexpected..
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