TaurusQuest Executive Accountant Interview Questions and Answers

General written and oral test

Q1. What do you know about accounting
Ans. 
Accounting involves recording, analyzing, and reporting financial transactions of a business.
• Accounting is the process of recording financial transactions of a business.

• It involves analyzing and interpreting financial information to make informed business decisions.

• Accounting also includes preparing financial statements such as balance sheets, income statements, and cash flow statements.

• There are different types of acc...read more
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Q2. What is golden rules
Ans. 
Golden rules are basic principles of accounting that serve as the foundation for recording financial transactions.
• Golden rules include the principles of debit and credit, which dictate how transactions are recorded in accounts.

• The three golden rules are: 1) Debit the receiver, credit the giver 2) Debit what comes in, credit what goes out 3) Debit expenses and losses, credit income and gains.

• For example, when a company ...read more
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