Add office photos
Filter interviews by
The Ivy Group Accountant Interview Questions and Answers
Be the first one to contribute and help others!
Interview questions from similar companies
Anonymous
Position or post calling for specified duties to which an employee is assigned for a definite or indefinite period of time but which has not been designated as a work classification.
(5 Questions)
- Q1. What is tha accounts?
- Ans.
Accounts refer to the records of financial transactions of a business or organization.
Accounts are used to track income, expenses, assets, and liabilities.
They help in analyzing the financial health of a company.
Examples of accounts include cash, accounts receivable, inventory, and accounts payable.
- Q2. What is tha payable and receivable
- Ans.
Payable and receivable refer to amounts owed by a company (payable) and amounts owed to a company (receivable).
Payable refers to money owed by a company to its suppliers or vendors
Receivable refers to money owed to a company by its customers or clients
Payable and receivable are recorded on a company's balance sheet
Examples: Accounts payable, accounts receivable
- Q3. What is TDS ?
- Ans.
TDS stands for Tax Deducted at Source, which is a system where tax is deducted by the payer at the time of making payment.
TDS is a form of advance tax which ensures that the government receives tax revenue in advance.
It is applicable to various payments such as salary, interest, commission, rent, etc.
The deducted TDS amount is then deposited with the government on behalf of the recipient.
TDS rates vary depending on the...
- Q4. What is tally used for ?
- Ans.
Tally is a software used for accounting and financial management.
Tally is used for recording financial transactions.
It helps in managing accounts, generating reports, and analyzing data.
Tally is commonly used by businesses for bookkeeping and tax compliance.
It can also be used for inventory management and payroll processing.
- Q5. What is tally skills?
- Ans.
Tally skills refer to proficiency in using Tally software for accounting purposes.
Tally skills involve knowledge of creating and managing accounts, generating financial reports, and performing audits.
Proficiency in data entry, reconciliation, and inventory management using Tally is essential.
Examples of Tally skills include creating ledgers, recording transactions, and generating balance sheets.
Knowledge of shortcuts a...
Interview Preparation Tips
Skills evaluated in this interview
I applied via campus placement at Christ University, Bangalore and was interviewed in Aug 2024. There was 1 interview round.
(2 Questions)
- Q1. Journal entry for prepaid expenses
- Ans.
Journal entry for prepaid expenses involves debiting Prepaid Expense account and crediting Cash or Bank account.
Debit Prepaid Expense account to record the expense paid in advance
Credit Cash or Bank account to show the decrease in cash due to prepayment
Prepaid expenses are considered assets until they are used up or expire
Example: Journal entry for prepaid rent - Debit Prepaid Rent, Credit Cash/Bank
- Q2. What is bank reconciliation
- Ans.
Bank reconciliation is the process of comparing a company's records with those of its bank to ensure they match.
Bank reconciliation involves comparing the company's records of its financial transactions with the bank's records.
It helps identify any discrepancies such as missing transactions, errors, or fraudulent activity.
The process involves adjusting the company's records to match the bank's records by reconciling an...
(2 Questions)
- Q1. AAAAA BB fdf dfjkdfji dkjfkd ldjfld
- Q2. Skdjkjmd dwlhfdohfld lnofne f l
Interview Preparation Tips
I applied via AmbitionBox and was interviewed in Aug 2024. There was 1 interview round.
What is the recruitment of work and experience
(2 Questions)
- Q1. How was the interview
- Q2. What qualifications u need for accountants
Discussion about accounts
Selected
I applied via Job Fair and was interviewed in Jun 2024. There was 1 interview round.
(3 Questions)
- Q1. Accounting maintain and the account details create
- Q2. Accounting submitted
- Q3. Manage the every account for account holder's
- Ans.
Managing every account for account holders involves maintaining accurate financial records, providing timely updates, and addressing any inquiries or concerns.
Maintain accurate financial records for each account holder
Provide timely updates on account balances and transactions
Address any inquiries or concerns from account holders
Ensure compliance with financial regulations and policies
Offer personalized financial advic
Interview Preparation Tips
Selected
I applied via Naukri.com and was interviewed in Nov 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Tell me about yourself
- Q2. This question is usually the first question in an interview, and it is a way to break the ice. You should answer this question by giving a brief overview of your education, work experience, and skills. You...
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed in Mar 2023. There were 2 interview rounds.
(3 Questions)
- Q1. Why you interested in job ?
- Ans.
I am interested in the Accountant job because of my passion for numbers and problem-solving.
I have always had a strong affinity for numbers and enjoy working with financial data.
I find satisfaction in solving complex financial problems and ensuring accuracy in financial records.
I am detail-oriented and have a strong analytical mindset, which are essential qualities for an accountant.
I enjoy the challenge of staying up-...
- Q2. Why you present company giveup?
- Ans.
The present company gave up due to financial difficulties and market challenges.
Financial difficulties and market challenges led to the decision.
The company faced declining revenues and increasing expenses.
Competitors gained a significant market share, making it difficult to sustain operations.
The company's products or services became obsolete or faced strong competition.
Management decided to focus on other business ve...
- Q3. What proposal you select this company?
- Ans.
I would propose implementing a cloud-based accounting software to streamline processes and improve efficiency.
Implementing a cloud-based accounting software can reduce manual data entry and improve accuracy.
It allows for real-time access to financial data, facilitating better decision-making.
Cloud-based software also enhances collaboration among team members and enables remote work.
Examples of popular cloud-based accou...
Selected
I applied via Walk-in and was interviewed in Sep 2023. There was 1 interview round.
(1 Question)
- Q1. Tally sap Microsoft Office
Interview Preparation Tips
I applied via Walk-in and was interviewed in Jan 2023. There were 2 interview rounds.
(4 Questions)
- Q1. What are you salary requirements ?
- Ans. I'm a fresher.salary is not my first priority for me This is a big plot form to start my career and I also want to improve my skills and knowledge and again Experience.
- Q2. Why did I hire you? Sir I would like say your company skills and my skills are some maching.
- Q3. What you know about this company?
- Ans. It is one of fastest growing growing company in India.the work environment of the company is very good. It has many branches across the world.
- Q4. What are you career goals ?
- Ans. Thank you for asking me My short time goal is to get a job in reputed company. My long time goal is to be in respectable position in that organization.
Interview Preparation Tips
Tell us how to improve this page.
Interview Questions for Popular Designations
- Executive Accountant Interview Questions
- Senior Accountant Interview Questions
- Junior Accountant Interview Questions
- Financial Accountant Interview Questions
- Fund Accountant Interview Questions
- Chartered Accountant Interview Questions
- Accountant Cashier Interview Questions
- Tally Accountant Interview Questions
- Show more
Accountant Interview Questions from Similar Companies
TCS
Accenture
Wipro
Cognizant
- Home >
- Interviews >
- The Ivy Group Interview Questions >
- The Ivy Group Accountant Interview Questions
