TCS GL Accountant Interview Questions and Answers

Q1. What is Accounts payable
Ans. 
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 of money owed by a company to its suppliers or vendors

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

• Accounts payable is an important part of a company's working capital man
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Q2. What is Bank reconcilation statment
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Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
• It is used to identify any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure the accuracy of the company's financial records and the bank's records.

• Once discrepancies are identifi...read more
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Q1. Why do you want to leave the previous job
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Q2. What was the salary you were paid
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Q1. Introduce your self and experience
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Q2. Motivation for applying job
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Depends on how many candidates come for interview- if candidates around 10-15 they conduct email writing or in other hand candidates more than 15 than will take aptitude test in that you have 10 Q related to logical reasoning 10 Q related Quantitative and financial calculations and rest 10 Q based on case study.

Q1. 1. Tell me about yourself 2. Why you choose these organisation or these profile 3. Basic questions ask regarding financial markets like Derivatives l, CA event etc 4. Where you see yourself in next 5 year'...read more
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Q1. Ask questions related process like if you are applying for Fund accountant than... A) what is fund accounting B) how to calculate Nav C) Questions ask on financial markets in detais D) last they might be ...read more
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B.Manisha currently working in therumala traders HYD location in WFM

Q1. How do you work performance in our company so what is main importance of the accountancy minimum of basics of knowledge
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Q2. How do you prepare of ledger posting
Ans. 
Ledger posting involves recording financial transactions in the appropriate accounts.
• Identify the accounts affected by the transaction

• Determine the type of account (asset, liability, equity, revenue, expense)

• Debit or credit the appropriate account based on the transaction type

• Record the transaction in the general ledger

• Ensure accuracy and completeness of the posting
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Q3. How to you prepare EMI and balance sheet end of the month or year reporting how to prepare
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To prepare EMI and balance sheet end of the month or year reporting, follow these steps:
• Ensure all transactions are recorded accurately and completely

• Reconcile bank statements and other accounts

• Prepare adjusting entries for accruals and deferrals

• Organize accounts into appropriate categories for the balance sheet

• Calculate EMI based on loan amount, interest rate, and term

• Verify accuracy of all calculations

• Prepare financi...read more
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Q4. What we are considered profit or loss how to create in your point of you
Ans. 
Profit or loss is created by comparing revenue and expenses.
• Profit is created when revenue exceeds expenses.

• Loss is created when expenses exceed revenue.

• Net income is calculated by subtracting expenses from revenue.

• Profit and loss statement shows the financial performance of a company.

• Profitability ratios like gross profit margin and net profit margin are used to analyze profit or loss.

• Accrual accounting recognizes rev...read more
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Q5. Why are you in this company prefer
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Q6. I am suggest for me also please try to understand me work from home
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Yourself details and self motivation

Q1. 1. BRS 2.Capitalization and it's journal entry. 3.Depreciation and it's journal entry. 4.Journal entry for sale and scrapping of asset. 5.Accounting concepts : Explain any one. 6.Golden rules of accountin...read more
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Q2. 1.About yourself & educational background. 2.Strength and weakness.
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Q3. NA NA NA NA NA NA NA NA NA NA NA
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Q1. What is GST is particularly
Ans. 
GST stands for Goods and Services Tax, a value-added tax levied on the supply of goods and services in India.
• GST was implemented in India on July 1, 2017, replacing multiple indirect taxes like VAT, excise duty, and service tax.

• It is a destination-based tax, meaning the tax is collected by the state where the goods or services are consumed.

• GST has four tax slabs - 5%, 12%, 18%, and 28%, with some goods and services bei...read more
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Q2. What is accounts write name hindi
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Accounts write name in Hindi is लेखा लिखित नाम
• In Hindi, accounts write name is referred to as लेखा लिखित नाम

• It is important to maintain accurate accounts write name for proper record-keeping

• For example, if a company's accounts write name is 'ABC Enterprises', it would be written as 'एबीसी एंटरप्राइजेज' in Hindi
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Q1. What is your personal details
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