Surjit Hire Purchase Finance Head Interview Questions and Answers

Q1. What is the accounts rules.
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Q2. What is depreciation? Explain.
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Depreciation is the process of allocating the cost of a fixed asset over its useful life. It represents the decrease in the value of an asset due to wear and tear, usage, or obsolescence. Example: If a company buys a machine for ₹1,00,000 with a lifespan of 10 years, instead of showing the full cost in one year, it spreads ₹10,000 per year as depreciation.
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Q3. What are the strength.
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Q4. Why did you join this company.
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"I want to join Genpact because it is a well-known company that offers great learning opportunities for freshers. It provides a good work environment, career growth, and a chance to improve my skills in accounting. I believe this is the best place to start my career and gain valuable experience."
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Q5. Tell me about our company.
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"Genpact is a global professional services company that provides digital transformation, finance, and business process management solutions. Founded in 1997, it helps businesses improve efficiency using technology and innovation. Genpact operates in multiple countries and is known for its strong work culture and career growth opportunities."
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Q1. Deferred tax liability , practical use, how do we calculate
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Deferred tax liability is a balance sheet item representing taxes that will be paid in the future due to temporary differences in accounting and tax rules.
• Deferred tax liability arises when a company's taxable income is greater than its accounting income, resulting in taxes being paid in the future.

• It is calculated by multiplying the temporary difference between taxable income and accounting income by the tax rate.

• Exam...read more
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Q2. Swap in simple terms, dividend growth model
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A swap is a financial agreement between two parties to exchange cash flows or other financial instruments.
• A swap involves two parties exchanging cash flows or other financial instruments based on a predetermined set of terms.

• Common types of swaps include interest rate swaps, currency swaps, and commodity swaps.

• The dividend growth model is a method used to value a company's stock based on the expected future dividends i...read more
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Q1. What is depreciation?
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Q2. Full form of COGS ?
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Q1. Explain budgeting
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Budgeting is the process of creating a plan to manage income and expenses over a specific period of time.
• Involves estimating income and expenses

• Setting financial goals

• Monitoring actual performance against the budget

• Adjusting the budget as needed

• Common types include operating budgets, capital budgets, and cash budgets
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Q2. Explain forecasting
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Forecasting is the process of making predictions about future trends based on past and present data.
• Forecasting involves analyzing historical data to identify patterns and trends

• Different methods such as qualitative and quantitative analysis can be used for forecasting

• Common techniques include time series analysis, regression analysis, and econometric modeling

• Forecasting helps businesses make informed decisions and pla...read more
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Q3. Explain revenue recognition
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Revenue recognition is the process of recording revenue in a company's financial statements when it is earned.
• Revenue is recognized when it is realized or realizable and earned, regardless of when cash is received.

• It is important to match revenues with expenses in the period they are incurred to accurately reflect the financial performance of a company.

• Different industries may have specific guidelines for revenue recog...read more
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Q4. Rent accured ledger entry
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Q5. Why is asset recognised or depreciated in balance sheet
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Assets are recognized in the balance sheet to reflect the company's resources and their value, while depreciation is recorded to allocate the cost of assets over their useful life.
• Assets are recognized in the balance sheet to show the company's resources and their value.

• Depreciation is recorded to allocate the cost of assets over their useful life.

• Recognizing assets and depreciating them helps in accurately reflecting ...read more
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Q1. Account payable?
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Q2. Difference between Profit & Revenue
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FINANCE and social medias, politicals

Q1. Basic Finance questions
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Q2. FINANCE services
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Q1. Finance and development organisation
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Basic communication skills

Q1. Ask to resume model
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Q1. Ask to knowledge skills for financial
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Q1. Self introduction
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Q2. What is finance
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Finance is the management of money and other assets, including investments, budgeting, and financial planning.
• Finance involves managing money and assets to achieve financial goals.

• It includes activities such as budgeting, investing, and financial planning.

• Finance helps individuals and organizations make informed financial decisions.

• Examples of finance include managing a company's cash flow, investing in stocks and bond
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Q1. What do you know about ICICI sales
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ICICI sales refers to the sales activities and strategies of ICICI Bank, one of the largest private sector banks in India.
• ICICI Bank offers a wide range of financial products and services to individual and corporate customers.

• The bank utilizes various channels such as branches, online platforms, and mobile apps to drive sales.

• ICICI Bank often runs promotional campaigns and offers discounts to attract new customers and ...read more
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Q2. What do you know about your local area
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Its related to accounting concepts

Q1. Anything can related to accounts
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