The Phoenix Mills Accounts Manager Interview Questions and Answers

Q1. Golden rule of accounting
Ans. 
The golden rule of accounting states that debit what comes in and credit what goes out.
• Debit what comes in and credit what goes out

• Helps maintain the balance in accounting records

• Used to ensure accuracy in financial transactions
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Q1. Some Excel question
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Q1. Interview about GST tax rate, TDS rate and some questions about your profile..
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Q2. Gst return filing date,tds rate and filing date
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Q3. What is the process to check invoice and payment .
Ans. 
The process to check invoice and payment involves verifying the details on the invoice against the payment received.
• Verify the accuracy of the invoice details such as amount, date, and billing address

• Cross-check the invoice with the purchase order or contract to ensure accuracy

• Confirm that the payment matches the amount on the invoice

• Record the payment in the accounting system once verified

• Follow up with the client or
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Q4. What is the retention money, mobilisation money etc
Ans. 
Retention money and mobilisation money are terms commonly used in construction contracts.
• Retention money is a percentage of the contract value withheld by the client to ensure that the contractor completes the project satisfactorily.

• Mobilisation money is an advance payment made to the contractor to cover initial mobilisation costs such as setting up site facilities and equipment.

• Retention money is usually released afte...read more
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Q1. Question about your family background, your convenience for working site..
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Q1. General questions on the current work profile and JD
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Q2. Hlookup, vlookup in excel and other common formula
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Q3. Journal entries on depreciation, deferred tax
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Q1. Tell about your self
Ans. 
Experienced accountant with a strong background in financial analysis and reporting.
• Over 5 years of experience in accounting roles

• Proficient in financial software such as QuickBooks and SAP

• Strong analytical skills and attention to detail

• Managed budgeting and forecasting processes for a medium-sized company

• Bachelor's degree in Accounting from XYZ University
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Q2. What is your strength and weakness
Ans. 
Strength: Attention to detail and problem-solving skills. Weakness: Difficulty delegating tasks.
• Strength: Ability to analyze financial data accurately

• Strength: Strong organizational skills

• Weakness: Struggle with letting go of control and delegating tasks to others
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Q1. How soon you can join?
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Yes aptitude text must

Account work maintenance