V Group Inc. Accountant Interview Questions and Answers

Q1. What is GST is particularly
Ans. 
GST stands for Goods and Services Tax, a value-added tax levied on the supply of goods and services in India.
• GST was implemented in India on July 1, 2017, replacing multiple indirect taxes like VAT, excise duty, and service tax.

• It is a destination-based tax, meaning the tax is collected by the state where the goods or services are consumed.

• GST has four tax slabs - 5%, 12%, 18%, and 28%, with some goods and services bei...read more
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Q2. What is accounts write name hindi
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Accounts write name in Hindi is लेखा लिखित नाम
• In Hindi, accounts write name is referred to as लेखा लिखित नाम

• It is important to maintain accurate accounts write name for proper record-keeping

• For example, if a company's accounts write name is 'ABC Enterprises', it would be written as 'एबीसी एंटरप्राइजेज' in Hindi
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Sources of evidence for case studies include interviews, documentation, archival records, direct observations, participant-observation, and physical artifacts.

Q1. Traditional HR Questions Tell me about yourself. ... Why do you want to work for our company? ... What are your greatest strengths and weaknesses? ... Why are you looking for a change? ... Tell me about th...read more
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Q2. Introduce Yourself or Tell me about yourself. ... What are your strengths and weaknesses? ... Why should you be hired? ... How will you manage work pressure? ...
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Test application, communication skills

Topic knowledge communication skills

What are you strength and weekness

Q1. What is your family background what are you salary expectation
Ans. There are 7 members in my family Frist of my respected grand mother then my mother she is house maker other my family are two younger brother & vahini both are jobs
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Q2. What are you salary expectation
Ans. As a fresher my property is to gain knowledge and enhance my skills to be more productive for company
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What are you strength and weekness

Q1. What are the 3 golden rules
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The 3 golden rules of accounting are the rules that govern how financial transactions should be recorded and reported.
• 1. Debit the receiver, credit the giver: When an asset is received, it is debited. When an asset is given, it is credited.

• 2. Debit what comes in, credit what goes out: Debit increases assets and expenses, credit decreases them.

• 3. Debit all expenses and losses, credit all incomes and gains: Expenses and ...read more
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Q2. Voucher in tally
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A voucher in Tally is a document used to record financial transactions in the accounting software.
• Vouchers in Tally include sales vouchers, purchase vouchers, payment vouchers, receipt vouchers, journal vouchers, etc.

• Each voucher type has specific fields to enter transaction details like date, party name, amount, ledger accounts, etc.

• Vouchers help in maintaining accurate and organized financial records for businesses.

• V...read more
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Q3. What is balance sheet explain liability asset & equity
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Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
• Assets are resources owned by the company, such as cash, inventory, and equipment.

• Liabilities are obligations or debts that the company owes to others, such as loans and accounts payable.

• Equity represents the owner's stake in the company, calculated as assets minus liabilities.

• The balance sheet equa...read more
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Q4. What is GST & tds
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GST stands for Goods and Services Tax, a consumption tax levied on the supply of goods and services. TDS stands for Tax Deducted at Source, a tax collection method.
• GST is a value-added tax levied on most goods and services sold for domestic consumption.

• TDS is a tax deducted by the payer at the time of making payment to the payee.

• GST is collected by businesses and remitted to the government, while TDS is deducted by the...read more
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Q5. What is reconciliation
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Reconciliation is the process of comparing two sets of records to ensure they are in agreement.
• Reconciliation involves verifying and adjusting financial records to match bank statements or other sources.

• It helps identify discrepancies, errors, or fraud in financial transactions.

• Examples include reconciling bank statements with cash records, credit card statements with expense reports, or inventory records with physical
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