TCS Executive Accountant Interview Questions and Answers for Experienced

Q1. Why should we hire you?
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Q1. Daily responsibilities
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Q2. Self introduction
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Q1. Basic Accounting questions
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Q2. Tell me about financial statements
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Financial statements are reports that show the financial performance of a company over a specific period of time.
• There are three main financial statements: balance sheet, income statement, and cash flow statement.

• The balance sheet shows a company's assets, liabilities, and equity at a specific point in time.

• The income statement shows a company's revenue, expenses, and net income over a specific period of time.

• The cash ...read more
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Q3. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the recording of financial transactions.
• The first golden rule is the rule of debit and credit.

• The second golden rule is the rule of assets and liabilities.

• The third golden rule is the rule of income and expenses.

• These rules ensure accuracy and consistency in financial reporting.

• For example, if a company purchases inventory on credit, the rule of debit and credi...read more
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Q4. What is net worth and its formula
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Net worth is the value of assets minus liabilities of an individual or company.
• Net worth = Assets - Liabilities

• Assets include cash, investments, property, and other valuables

• Liabilities include debts, loans, and other financial obligations

• Net worth is a measure of financial health and stability

• Example: If an individual has $100,000 in assets and $50,000 in liabilities, their net worth is $50,000
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