US MNC Finance & Accounts Interview Questions and Answers

Q1. Tell about college life
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Q2. Tell me about yourself
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Q3. What is final account
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Final account is a financial statement that summarizes a company's financial performance for a specific period.
• Final accounts include the trading account, profit and loss account, and balance sheet.

• The trading account shows the gross profit or loss of the business.

• The profit and loss account shows the net profit or loss of the business.

• The balance sheet shows the financial position of the business at a specific point i...read more
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Q4. What journal entry
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The journal entry for recording a purchase of equipment on credit
• Debit the Equipment account for the cost of the equipment

• Credit the Accounts Payable account for the amount owed

• Include the date of the transaction and a brief description

• Ensure the entry follows the double-entry accounting system
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Q5. What is bad debt
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Bad debt is an amount owed by a debtor that is unlikely to be paid, resulting in a loss for the creditor.
• Bad debt occurs when a customer fails to pay their outstanding balance.

• It is typically written off as a loss on the creditor's financial statements.

• Bad debt can result from customers declaring bankruptcy, going out of business, or simply refusing to pay.

• It is important for companies to properly account for bad debt ...read more
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Q6. What is TDS
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TDS stands for Tax Deducted at Source. It is a tax deduction made at the time of payment to the recipient.
• TDS is deducted by the payer and deposited with the government on behalf of the payee.

• It is applicable on various types of payments like salary, interest, commission, rent, etc.

• The rate of TDS varies based on the nature of payment and the tax laws.

• TDS certificates are issued to the payee as proof of tax deduction.

• T...read more
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Q1. Account payable?
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Q2. Difference between Profit & Revenue
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Q1. Self introduction
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Q2. What is finance
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Finance is the management of money and other assets, including investments, budgeting, and financial planning.
• Finance involves managing money and assets to achieve financial goals.

• It includes activities such as budgeting, investing, and financial planning.

• Finance helps individuals and organizations make informed financial decisions.

• Examples of finance include managing a company's cash flow, investing in stocks and bond
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Q1. What do you know about ICICI sales
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ICICI sales refers to the sales activities and strategies of ICICI Bank, one of the largest private sector banks in India.
• ICICI Bank offers a wide range of financial products and services to individual and corporate customers.

• The bank utilizes various channels such as branches, online platforms, and mobile apps to drive sales.

• ICICI Bank often runs promotional campaigns and offers discounts to attract new customers and ...read more
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Q2. What do you know about your local area
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Its related to accounting concepts

Q1. Anything can related to accounts
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Concentrate on the questions and answer accordingly. I am sure it can be cracked within the time limit

Q1. It was an operational round completely based on experience and a situation that you have experience and how you have tackeled it and was there any other way it can be tackled.
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Q1. It was also an operational round and the questions were around the improvement idea's, lean ideas and implementation of those ideas in the process that I am working.
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Q1. It was also an operational round where the questions were acound issues and problems in the transition process. How the improvement ideas have helped in increasing productivity, reducing manual efforts and...read more
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Q1. It was also an operational round in which the questions were basically around how to improve quality of work and implement ideas for a target driven process.
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Q1. This was also an operational round but the questions were more around ensuring quality of work, ensuring one time resolutions and what are the different ways to achieve these with the experience you carry,...read more
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Q1. Tell me about yourself
Ans. 
Experienced finance executive with a strong background in financial analysis and strategic planning.
• Over 10 years of experience in finance roles

• Expertise in financial modeling and forecasting

• Proven track record of driving profitability and growth

• Strong leadership and communication skills

• Previously worked as a Finance Manager at XYZ Company
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Q2. What is accounting
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Accounting involves recording financial transactions such as sales, purchases, and expenses.

• It includes summarizing the financial data into financial statements like balance sheets and income statements.

• Accounting also involves analyzing the financial information to provide insights for decision-making.

• Rep...read more
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