UPL Junior Accountant Interview Questions and Answers

Q1. Something about yourself What is your strength and weakness What is finance What is gst How many types of gst used in accounting What is balance sheet
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Q2. Pls speak about tds
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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 applicable on various types of payments such as salary, interest, rent, commission, etc.

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

• TDS rates vary depending on the type of payment and the tax status of the payee.

• TDS certificates like Form 16 and Form 1...read more
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Q1. About yourself in Brifly
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Q2. Why are you join in our company
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Q1. Tell me about yourself
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Q2. Questions and general questions
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Q3. Accounts related questions
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Q4. Golden rules of Accounts
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Golden rules of Accounts are basic principles to record financial transactions accurately.
• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit expenses and losses, credit income and gains
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Q5. Excel formulas that used in accounts
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Excel formulas commonly used in accounting include SUM, VLOOKUP, IF, and CONCATENATE.
• SUM: Adds up a range of cells

• VLOOKUP: Searches for a value in the first column of a table and returns a value in the same row from another column

• IF: Performs a logical test and returns one value if the test is true and another if it's false

• CONCATENATE: Joins two or more text strings into one
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Accounting MCQ Question

Q1. Basic Accountig Question
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Q2. What is journal entryy of prepaid expense
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Prepaid expenses are assets that represent payments made for goods or services that have not yet been received.
• Prepaid expenses are recorded as assets on the balance sheet

• The journal entry for prepaid expenses involves debiting the prepaid expense account and crediting the cash or bank account

• As the prepaid expense is used up, it is recognized as an expense on the income statement

• Example: If a company pays $1,200 for i...read more
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