Svatantra Microfin Assistant Branch Manager Interview Questions and Answers

To manage a branch and achieve targets, one must focus on team building, customer satisfaction, and efficient operations.

• Set clear goals and communicate them to the team

• Encourage teamwork and collaboration among employees

• Provide excellent customer service to retain existing customers and attract new ones

• Monitor and analyze branch performance regularly to identify areas for improvement

• Implement efficient operational pro...read more

Preparing balance sheet and ledgers involves recording financial transactions and organizing them into categories.

• Record all financial transactions in a journal

• Organize transactions into categories such as assets, liabilities, and equity

• Create a trial balance to ensure debits and credits match

• Use the trial balance to prepare the balance sheet and income statement

• Update the ledger accounts with the new balances

The ledger account formula is to debit the receiver and credit the giver, and the balance is found out by subtracting liabilities from assets and capital.

• Debit the receiver and credit the giver

• Balance is found by subtracting liabilities from assets and capital

• Assets have a debit balance and liabilities have a credit balance

• Capital has a credit balance

• Examples: Debiting cash received from a customer, crediting accounts