Test Triangle Accounts & Finance Manager Interview Questions and Answers

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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Education of Indian system

Time and work ,Time speed and distance, permutations and combinations, percentage , number