Sutherland Global Services Account Assistant Interview Questions and Answers

Q1. Journal entry for prepaid expenses
Ans. 
Journal entry for prepaid expenses involves debiting Prepaid Expense account and crediting Cash or Bank account.
• Prepaid expenses are expenses paid in advance but not yet incurred.

• To record prepaid expenses, debit the Prepaid Expense account and credit Cash or Bank account.

• Example: Journal entry for prepaid rent of $1,200 would be: Debit Prepaid Rent $1,200 and Credit Cash/Bank $1,200.
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Q2. Journal entry for dividend
Ans. 
Journal entry for dividend involves debiting retained earnings and crediting dividends payable or cash account.
• Debit retained earnings to decrease equity

• Credit dividends payable or cash account to show payment to shareholders

• Dividends are not an expense, but a distribution of profits

• Journal entry: Debit Retained Earnings, Credit Dividends Payable or Cash
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Q1. Tally prime Advance excel
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Q1. Introduce your self and experience
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Q2. Motivation for applying job
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Q1. Why you want to join
Ans. 
I want to join because I have a strong background in accounts management and I am excited about the opportunity to contribute to the growth and success of the company.
• I have several years of experience in accounts management and have successfully handled large client portfolios.

• I am highly skilled in financial analysis, budgeting, and forecasting, which are essential for the role of an Accounts Manager.

• I am motivated b...read more
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Q2. Tell me about yourself
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I am an experienced Accounts Manager with a strong background in financial management and team leadership.
• Over 10 years of experience in managing accounts and financial operations

• Proven track record of successfully leading teams and achieving financial targets

• Expertise in budgeting, forecasting, and financial analysis

• Proficient in using accounting software such as QuickBooks and Excel

• Strong communication and interperso...read more
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Q1. What is your strength
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Q1. Why do you want to work here
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Q1. This Round usally taken by team reporting manager they will ask jd related questions
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Q2. Steps in recognition revenue, Revenue entries, Month end closures
Ans. 
Steps in revenue recognition, revenue entries, and month-end closures for Financial Accountant role.
• Revenue recognition involves identifying the transaction, determining the amount of revenue to be recognized, and allocating the revenue to the appropriate period.

• Revenue entries are recorded in the general ledger and include debiting accounts receivable and crediting revenue accounts.

• Month-end closures involve reconcili...read more
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Q3. Deferred Revenue how you recognize the same
Ans. 
Deferred revenue is recognized when the performance obligation is satisfied.
• Deferred revenue is recognized when the performance obligation is satisfied.

• It is recognized as revenue in the income statement.

• It is initially recorded as a liability on the balance sheet.

• Deferred revenue arises when a company receives payment for goods or services that have not yet been provided.

• Examples include subscription services, prepaid
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Q1. Techincwl round over all personal round with Vice president
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Q2. Hiw you recognize revenue in previous company, personal stuff
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Q3. Do you work late nights during quarter ends
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Q1. 1. What is capital market 2. What are the types of capital market 3. What is mutual fund
Ans. 
Capital market is a platform where companies and governments can raise funds by selling securities to investors.
• Types of capital market include primary market and secondary market

• Primary market is where new securities are issued for the first time

• Secondary market is where existing securities are traded among investors

• Mutual fund is a type of investment vehicle that pools money from multiple investors to invest in stock...read more
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