TCS Accounts Manager Bfsi Interview Questions and Answers

Q1. What is the three golden rule of account
Ans. 
The three golden rules of accounting are the rules of debit and credit, the rule of accounts, and the rule of recording transactions.
• Debit the receiver, credit the giver

• Debit what comes in, credit what goes out

• Debit expenses and losses, credit income and gains
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Q2. What is the accrual meaning and entry
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Accrual refers to the recognition of revenues and expenses when they are incurred, regardless of when cash is exchanged.
• Accrual accounting matches revenues with expenses in the same accounting period

• Accrual entry involves recording revenues when they are earned and expenses when they are incurred, even if cash has not been exchanged

• Example: Recording sales revenue when goods are delivered, even if payment is received l
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Q1. HR discussion was very good
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Q2. Client discussion was vey good
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Q1. Client interaction was very excellent
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Q1. F2F interview gone well
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Q1. Offer letter from HR
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My aptitude good skil anad all

Computare proggraming are coding his the composition of

Group diacussion is a comprehensive technique tho judge the suitability of an indivedual and his

Appropriateness for admission scholarship

Ani ssignment is a task that someone inka authority has asked you tho do

As case study is an apropriater reasach disign when reaseach disign when you want to gain conc

Q1. Human resoureces is the division of a business responsible
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Q1. Words thet have specific meanings in infromtional texts
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Technical terms used in informational texts
• Jargon: specialized vocabulary used in a particular field

• Acronyms: abbreviations formed from the initial letters of other words

• Terminology: specific words or phrases used in a particular subject or activity

• Definitions: explanations of the meaning of a word or phrase

• Glossary: a list of terms and their definitions found in a book or document
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Q2. Sepecific meanings refers to exact precise fact
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Q1. Interview thet are in person and occur between one interviewer and interviewee
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It represents a person's level of competency to perform a certain type of task. Aptitude tests are often used to assess academic potential or career suitability and may be used to assess either mental or physical talent in a variety Domains

Q1. Asking many questions like introduction
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Q2. What is your Qualification
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Q3. Related to our qualification background
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Q4. Our skills and knowledge cheking
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Involve working through a business problem or scenario with the interviewer to reach a logical conclusion.

Q1. Self introduction
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Q2. Personal detail
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Accounts and taxation

Accounts. department account

Treding account profit and loss account balance sheet

Q1. Accounts and taxation
Ans. 
3 types of accounts 1) personal a/c 2) real a/c 3) nominal a/c 1)personal a/c dedit the receiver or credit the giver 2)real a/c debit what comea in or credit what goes your 3)nominal a/c debit all expenses and losses or credit the incomes and gains
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Q2. Accounts and taxation
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rebate under sectionn 87 12500 maximun limit deduction u/s 80g donation interest on savings a/c 10000 maximum limit 10 or 15 % surch charge 4 % cess, 1% health ,3 % education
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Q3. Audit appointment of auditor
Ans. 
Audit appointment of auditor involves selecting a qualified individual or firm to review financial records and ensure compliance with regulations.
• The audit appointment process typically involves issuing a request for proposal (RFP) to potential auditors.

• Criteria for selecting an auditor may include qualifications, experience, reputation, and cost.

• The audit committee or board of directors is usually responsible for appr...read more
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Q4. Qualification of director
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Q5. Gst quarterly return monthly payment
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2 types of gst dealer 1) regular 2) composition dealer 1)regular he file gst monthly is clain input fax credit 2)composition dealer he is not file monthly gst return he file quartarly return mothly mayment he tay 1% of on his turnover of tax he is not claim input tax credit
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Q6. Types if gst dealers
Ans. 
Types of GST dealers include regular dealers, composition dealers, and input service distributors.
• Regular dealers are businesses that are registered under GST and are required to file regular tax returns.

• Composition dealers are small businesses with turnover below a certain threshold who can opt for a simplified tax scheme.

• Input service distributors are businesses that receive input services and distribute the credit o...read more
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Q7. Promoters directors
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Gross profit profit and loss account balance sheet

Accounts and taxation

Q1. Hotel management
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Q2. Form 16 employees
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Q3. Audit objectives
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Q4. Bills payable and receivable
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Q5. Tally practical knowledge
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Q6. Accounts and taxation
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Q1. What is tax deducted at source
Ans. 
Tax deducted at source (TDS) is a system where tax is deducted by the payer at the time of making payment to the payee.
• TDS is applicable on various types of payments such as salary, interest, rent, commission, etc.

• The deducted tax is required to be deposited to the government by the deductor.

• The payee can claim credit for the TDS amount deducted while filing their income tax return.

• TDS rates vary depending on the natur...read more
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Q1. Golden rules of accounting
Ans. 
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The golden rule of accounting is that for every debit entry, there must be an equal credit entry.

• There are three types of accounts: personal, real, and nominal.

• Personal accounts deal with individuals or organizations, real accounts deal with assets and liabilities, and nominal accounts deal with income and exp...read more
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Q1. What is TDS under income tax
Ans. 
TDS stands for Tax Deducted at Source, a system where tax is deducted by the payer at the time of making payment.
• TDS is deducted by the payer at the time of making certain payments like salary, rent, commission, etc.

• The deducted amount is then deposited with the government on behalf of the payee.

• TDS rates vary based on the type of payment and the payee's status.

• TDS ensures a regular inflow of taxes to the government an...read more
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