The Heritage School Accounts Teacher Interview Questions and Answers

Basic written Test about your subject Knowledge

Prestigious Organisation, Staff friendly .

Q1. Self introduction
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Q1. Explain different filtration techniques
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Filtration techniques are used to separate solids from liquids or gases by passing the mixture through a filter medium.
• Gravity filtration: Uses gravity to pull the liquid through a filter medium, leaving the solid behind.

• Vacuum filtration: Uses a vacuum to speed up the process of pulling the liquid through the filter medium.

• Pressure filtration: Applies pressure to force the liquid through the filter medium, separating ...read more
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Q1. What is the meaning of finance?
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Finance refers to the management of money and other assets, including investing, borrowing, budgeting, and forecasting.
• Finance involves managing money and assets to achieve financial goals.

• It includes activities such as investing, borrowing, budgeting, and forecasting.

• Finance is essential for individuals, businesses, and governments to make informed financial decisions.

• Examples of finance include budgeting for personal...read more
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Q2. What are the different types of taxes in India?
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There are various types of taxes in India including income tax, goods and services tax (GST), corporate tax, customs duty, and excise duty.
• Income Tax: Tax levied on the income of individuals and businesses.

• Goods and Services Tax (GST): Indirect tax levied on the supply of goods and services.

• Corporate Tax: Tax levied on the income of companies.

• Customs Duty: Tax imposed on goods imported into or exported out of the count...read more
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Q3. What is payroll, and what are its key components?
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Payroll is the process of calculating and distributing wages to employees.
• Calculating employee wages based on hours worked or salary

• Deducting taxes and other withholdings

• Issuing paychecks or direct deposits

• Maintaining accurate records of employee compensation

• Key components include gross pay, deductions, net pay, and payroll taxes
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Q4. What is the process of bank reconciliation?
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Bank reconciliation is the process of comparing and matching the balances in a company's accounting records with the balances on its bank statement.
• Gather bank statements and accounting records

• Compare deposits and withdrawals between the two

• Identify and investigate any discrepancies

• Adjust the accounting records to match the bank statement

• Prepare reconciliation report
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Q5. What is a direct tax?
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A direct tax is a tax that is paid directly by an individual or organization to the government.
• Direct taxes are imposed on income, profits, assets, and wealth.

• Examples of direct taxes include income tax, corporate tax, property tax, and inheritance tax.

• Direct taxes are typically progressive, meaning that the tax rate increases as the taxable amount increases.
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Q6. What is an indirect tax?
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An indirect tax is a tax that is imposed on goods and services rather than on income or profits.
• Indirect taxes are usually passed on to the consumer through higher prices.

• Examples of indirect taxes include sales tax, value-added tax (VAT), and excise duty.

• These taxes are collected by an intermediary, such as a retailer, and then passed on to the government.
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Q7. What is the full form of ITC in the context of indirect tax?
Ans. 
Input Tax Credit
• ITC stands for Input Tax Credit in the context of indirect tax

• It allows businesses to reduce the tax they have already paid on inputs from the tax they have to pay on outputs

• Example: If a business pays GST on raw materials, they can claim ITC to reduce the GST they owe on their final product
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Q8. GST, IGST,CGST,SGST,NEFT,RTGS Full Form
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Q9. GST Slab
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Q10. Place of Supply
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Place of Supply refers to the location where a supply of goods or services is deemed to take place for tax purposes.
• Place of Supply is crucial for determining the applicable tax rate and jurisdiction for a transaction.

• It is determined based on various factors such as the nature of supply, location of supplier, and location of recipient.

• For example, if a service is provided in India to a customer in the US, the place of...read more
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Q11. Time of Supply
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Time of Supply refers to the point in time when goods or services are deemed to be supplied for tax purposes.
• Time of Supply is important for determining when to account for GST or VAT.

• For goods, time of supply is usually the date of delivery or payment, whichever is earlier.

• For services, time of supply is typically the date of completion or payment, whichever is earlier.

• In some cases, time of supply may be triggered by...read more
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Q12. Eway Bill
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Q13. How many Returns are required for Goods and Services Tax (GST) and what are the filing dates?
Ans. 
For GST, there are multiple returns required with different filing dates.
• There are different types of GST returns such as GSTR-1, GSTR-3B, GSTR-4, etc.

• The filing dates for these returns vary based on the type of return and the turnover of the taxpayer.

• For example, GSTR-1 for monthly filers is due on the 10th of the following month, while GSTR-3B is due on the 20th of the following month.

• Taxpayers with turnover above a ...read more
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Subject knowledge with general knowledge checked in written exam.

Q1. Interaction with principal Sir.
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Q2. What is your background? It includes everything about your past.
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Q1. What do you know about the UNO and it's organisations?
Ans. 
UNO is an international organization founded in 1945 to promote peace, security, and cooperation among countries.
• UNO stands for United Nations Organization

• It has 193 member countries

• The main organs of UNO are General Assembly, Security Council, International Court of Justice, Secretariat, and Economic and Social Council

• UNO has specialized agencies like WHO, UNESCO, UNICEF, etc. which work in specific areas like health,
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Q1. What do you know about the Russian and Ukrainian war.
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Q1. How long you can work here in remote areas?
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I am willing to work in remote areas for as long as necessary to fulfill my responsibilities as an assistant teacher.
• I am committed to serving the students and community regardless of the location

• I understand the importance of providing education in remote areas

• I am adaptable and willing to face the challenges that come with working in remote locations
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Q2. Will you submit your original documents?
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Yes, I am willing to submit my original documents for verification.
• I am willing to submit my original documents as required for verification purposes.

• Submitting original documents is a standard procedure in the hiring process.

• I understand the importance of verifying my qualifications and credentials.

• I will ensure that my original documents are submitted in a timely manner.

• Examples: Degree certificates, transcripts, ide
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Q1. Tell me about yourself
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Q2. Demo will be taken by principal
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Q1. What is your expected
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Q1. Personal Questions and Demo.
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Q2. Show a Teaching demo Video
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