Systems Plus General Ledger Accountant Interview Questions and Answers

Accounting in Tally involves recording financial transactions, generating reports, and managing accounts.

• Recording financial transactions such as sales, purchases, payments, and receipts

• Generating financial statements like balance sheet, profit and loss statement

• Managing accounts receivable and accounts payable

• Creating and maintaining ledgers for different accounts

• Reconciling bank statements with Tally entries

• Generatin...read more

Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

• Accounts payable is a liability on the balance sheet

• It represents the amount owed by the company to its creditors

• It is typically recorded when goods or services are received but payment has not yet been made

• Examples include invoices from suppliers for inventory purchases or services rendered

The golden rule of accounting is to maintain accurate and complete records of all financial transactions.

• Maintain accurate and complete records of all financial transactions

• Ensure all transactions are properly classified and recorded

• Regularly reconcile accounts to ensure accuracy

• Follow generally accepted accounting principles (GAAP)

• Maintain confidentiality of financial information

• Ensure compliance with applicable laws

My family background is diverse and has influenced my values and work ethic.

• My parents are both accountants and have instilled in me a strong sense of financial responsibility.

• I come from a multicultural family, which has taught me to appreciate different perspectives and adaptability.

• Growing up, I witnessed my grandparents successfully running their own businesses, which inspired my interest in accounting.

• My siblings ...read more

I have a strong background in accounting and a proven track record of delivering accurate and timely financial information.

• I have a Bachelor's degree in Accounting and I am a Certified Public Accountant (CPA).

• I have 5 years of experience working as an accountant in a reputable firm.

• I am highly skilled in financial analysis, budgeting, and forecasting.

• I have a keen attention to detail and a strong ability to identify an...read more

I handle my mood swings by practicing self-care and stress management techniques.

• I prioritize self-care activities such as exercise, meditation, and hobbies.

• I practice stress management techniques like deep breathing and positive self-talk.

• I seek support from friends, family, or a therapist when needed.

• I maintain a healthy work-life balance to prevent excessive stress.

• I try to identify triggers and develop coping strat