SurePrep Us Taxation Associate Interview Questions and Answers

Intermediate level , must have basic mathematics, reasoning, English comprehension.

Q1. Question related to Finance, communication skills,
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Basic accounting and taxation concepts

Q1. General taxation questions
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Q2. Working capital, long term short term capital gain, income tax related questions
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Q1. Golden Rules of Accounts? What is the special in your native? Payroll, Credit Sales Journal Entry? If you apply US Taxation, below the questions What is Standard deduction, Itemized deduction, What are th...read more
Ans. 
Golden Rules of Accounts are basic principles that guide the recording of financial transactions.
• The Golden Rules of Accounts include: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• For example, when a company receives cash from a customer, the entry would be to debit the cash account (what comes in) and credit the accounts receivable ...read more
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Easy numerical , logical and english question

Q1. Introduce yourself
Ans. 
I am a detail-oriented tax professional with experience in US taxation and a strong understanding of tax laws and regulations.
• Bachelor's degree in Accounting or Finance

• Experience in preparing tax returns for individuals and businesses

• Knowledge of tax software such as TurboTax or ProSeries

• Strong analytical and problem-solving skills

• Excellent communication and interpersonal skills
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Q2. What do you understand about us taxation and how you are comfortable in job?
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Q1. Tell me about yourself?
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Q2. What is 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 can be depreciated include buildings, vehicles, and equipment.

• Depreciation can be used to reduce taxa...read more
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There was multiple sections of accountancy, english, logical reasoning, taxation etc

Q1. Journals, trial balance, tax slabs, cash flow, balance sheet etc
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Mathematics and english questions and some general knowledge.

Q1. What was your aggregate percentage in MBA
Ans. 
My aggregate percentage in MBA was 85%.
• I scored 85% in my MBA program.

• I was among the top performers in my MBA class.

• My GPA in MBA was 3.8 out of 4.0.
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Q1. Tell me about yourself and your family background.
Ans. 
I come from a close-knit family with a background in business and finance.
• Family is important to me and we often gather for special occasions.

• My parents are both entrepreneurs, running a successful small business.

• I have one sibling who is currently studying finance in college.

• Growing up, I learned the value of hard work and financial responsibility from my family.
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Q1. General information about yourself
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Q2. About taxation in india
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Online test relating to taxation and general knowledge

Q1. More details about your knowledge in field of accounting and taxation
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Q2. Any general questions
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