T R Chadha & Co Llp CA Article Assistant Interview Questions, Process, and Tips

Reasoning and english round was there

Q1. Current assest definition
Ans. 
Current assets are assets that can be converted into cash within a year.
• Current assets are listed on the balance sheet and include cash, accounts receivable, inventory, and prepaid expenses.

• They are important for assessing a company's liquidity and ability to pay off short-term debts.

• Examples of current assets include cash in hand, short-term investments, accounts receivable, inventory, and prepaid expenses.

• Current ass...read more
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Q2. Explain accounting standard 17
Ans. 
AS 17 deals with segment reporting in financial statements.
• AS 17 requires companies to report financial information about their operating segments, which are components of the company that generate revenue and incur expenses.

• The standard defines how to identify and report operating segments, and requires disclosure of segment revenue, profit or loss, assets, liabilities, and other information.

• Segment reporting helps us...read more
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Audit, Accounts, Tax and General Knowledge

Q1. Can you describe your background and family situation?
Ans. 
I come from a supportive family with a strong emphasis on education and values, which has shaped my career aspirations.
• I was raised in a family that values education; my parents are both teachers.

• My father has been a significant influence, encouraging me to pursue my interests in finance.

• I have a younger sister who looks up to me, motivating me to set a good example.

• Family gatherings often involve discussions about car
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Q2. How do you ensure that you meet deadlines effectively?
Ans. 
I prioritize tasks, set clear goals, and use time management tools to ensure I meet deadlines effectively.
• Prioritization: I use the Eisenhower Matrix to categorize tasks by urgency and importance, ensuring I focus on what truly matters.

• Time Management: I allocate specific time blocks for each task using tools like Google Calendar, which helps me stay on track.

• Regular Check-ins: I set weekly goals and review my progress...read more
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Q1. Accounts questions basic (concept based)
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Q2. Taxation questions basic (concept based)
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Q1. What makes you a suitable candidate for this position?
Ans. 
I possess strong analytical skills, a solid foundation in accounting principles, and a passion for continuous learning in the field.
• Strong academic background in commerce and accounting, with top grades in relevant subjects.

• Internship experience at a local firm where I assisted in auditing and tax preparation, enhancing my practical knowledge.

• Proficient in accounting software like Tally and Excel, which I used during m...read more
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Q2. Can you describe a specific instance when you achieved success as part of a team?
Ans. 
Successfully collaborated with my team to streamline the audit process, enhancing efficiency and accuracy.
• Identified inefficiencies in the audit process during a team meeting.

• Proposed a new workflow that divided tasks based on team members' strengths.

• Implemented a shared digital platform for real-time updates and communication.

• Resulted in a 20% reduction in audit time and improved accuracy in reporting.

• Received positiv...read more
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Average questions asked on QA, logical reasoning

Q1. Tell me about yourself
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Q1. Technical knowledge of ca INTER
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Two online tests - one related to math skills the other physiological

Q1. Tell me about your self?
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Q2. How did you cope in a stressful situation
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Q1. About your previous work
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Q1. How will you handle situations
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Q2. Risk of material misstatement procedure
Ans. 
Risk of material misstatement procedure is a process to identify and assess the risk of errors or fraud in financial statements.
• The procedure involves understanding the entity and its environment, including internal controls.

• It also includes assessing the risks of material misstatement due to fraud or error.

• The auditor then designs and performs audit procedures to address the identified risks.

• Examples of procedures inc...read more
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Q1. Explain p2p process
Ans. 
P2P process stands for procure-to-pay process, which involves the steps from requisition to payment for goods or services.
• Requisition: Requesting the purchase of goods or services

• Purchase Order: Formal document outlining the details of the purchase

• Receipt of Goods/Services: Confirming delivery and quality

• Invoice Processing: Verifying the invoice against the purchase order and receipt

• Payment: Issuing payment to the vend
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Q2. Sap related questions
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Q1. Tell me about yourself?
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Q1. Ind AS, Taxation and Audit SA?
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