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ValueMomentum Associate Trainee Interview Questions, Process, and Tips

Updated 1 Feb 2024

ValueMomentum Associate Trainee Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Referral and was interviewed before Feb 2023. There was 1 interview round.

Round 1 - Technical 

(15 Questions)

  • Q1. Tell me about Yourself?
  • Q2. What is the exact experience you have in Finance?
  • Q3. What is Accrual?
  • Ans. 

    Accrual refers to the process of recording revenues and expenses in the accounting system before the actual cash is received or paid.

    • Accrual accounting recognizes revenues when they are earned and expenses when they are incurred, regardless of when the cash is received or paid.

    • It helps in matching revenues and expenses in the correct accounting period.

    • Accruals are necessary to ensure accurate financial reporting.

    • For ex...

  • Answered by AI
  • Q4. What is the difference between Accrual and Advance?
  • Ans. 

    Accrual is the recognition of revenue or expenses when they are incurred, while advance is the payment or receipt of funds before the related revenue or expenses are recognized.

    • Accrual is based on the matching principle, where revenue or expenses are recognized when they are incurred, regardless of when the cash is received or paid.

    • Advance refers to the payment or receipt of funds before the related revenue or expenses...

  • Answered by AI
  • Q5. Give examples to above?
  • Ans. 

    The question is asking for examples related to the Associate Trainee position.

    • Example 1: As an Associate Trainee, I was responsible for assisting senior team members in conducting market research and analysis.

    • Example 2: In my previous role as an Associate Trainee, I supported the implementation of new training programs for employees.

    • Example 3: As an Associate Trainee, I worked closely with the sales team to develop and...

  • Answered by AI
  • Q6. What is cashflow statement?
  • Ans. 

    The cash flow statement is a financial statement that shows the inflows and outflows of cash in a company.

    • It provides information about the cash generated from operating activities, investing activities, and financing activities.

    • Operating activities include cash received from sales, payment to suppliers, and payment to employees.

    • Investing activities include cash used for purchasing or selling assets like property, plan...

  • Answered by AI
  • Q7. What is your favourite subject in CA or CMA?
  • Q8. What is the entry for Sales?
  • Ans. 

    The entry for Sales is a record of a sales transaction in the accounting books.

    • The entry for Sales typically includes debiting the Accounts Receivable or Cash account and crediting the Sales Revenue account.

    • If the sale is made on credit, the Accounts Receivable account is debited. If the sale is made in cash, the Cash account is debited.

    • The Sales Revenue account is credited to record the increase in revenue.

    • For example...

  • Answered by AI
  • Q9. I have mentioned Guest House entry in my previous experience, so they asked what is the journal entry for Guest House?
  • Q10. What is the TDS Rate for Sec 194 C?
  • Ans. 

    The TDS rate for Section 194 C is 1% for individual or HUF payees and 2% for other payees.

    • TDS rate for Section 194 C is 1% for individual or HUF payees and 2% for other payees.

    • Section 194 C of the Income Tax Act pertains to payment to contractors and sub-contractors.

    • The TDS rate is applicable when the payment exceeds Rs. 30,000 in a single transaction or Rs. 1,00,000 in aggregate during a financial year.

    • For example, if...

  • Answered by AI
  • Q11. What is the TDS Rate for Sec 194 I?
  • Ans. 

    The TDS rate for Sec 194 I is 10%.

    • TDS stands for Tax Deducted at Source.

    • Section 194 I of the Income Tax Act pertains to TDS on rent.

    • The TDS rate for rent paid for land, building, or furniture is 10%.

    • If the rent exceeds Rs. 2,40,000 per annum, the payer is required to deduct TDS.

    • For example, if the monthly rent is Rs. 20,000, the TDS deducted would be Rs. 2,000.

  • Answered by AI
  • Q12. Why there are 2 Rates given for Rent in Sec 194I?
  • Ans. 

    There are 2 rates given for rent in Sec 194I to differentiate between rent paid for plant/machinery and rent paid for land/building.

    • Sec 194I of the Income Tax Act deals with the deduction of tax at source on rent payments.

    • The two rates are 10% and 2% depending on the type of rent paid.

    • The 10% rate is applicable when the rent is paid for the use of plant, machinery, or equipment.

    • The 2% rate is applicable when the rent i...

  • Answered by AI
  • Q13. What is the TDS Rate for Sec 194 J?
  • Ans. 

    The TDS rate for Section 194 J is 10%.

    • Section 194 J of the Income Tax Act pertains to fees for professional or technical services.

    • The TDS rate for such services is 10%.

    • This rate is applicable when the payment exceeds Rs. 30,000 in a financial year.

    • For example, if a company pays a consultant Rs. 50,000 for their professional services, they need to deduct TDS at a rate of 10%.

  • Answered by AI
  • Q14. What do you mean by BRS? How will you do it?
  • Ans. 

    BRS stands for Bank Reconciliation Statement. It is a process of comparing the bank statement with the company's cash book to identify discrepancies.

    • BRS is used to ensure that the company's records match the bank's records.

    • It involves comparing the transactions recorded in the cash book with the transactions listed in the bank statement.

    • Any differences or discrepancies are identified and reconciled.

    • Examples of discrepa...

  • Answered by AI
  • Q15. Do you filed GST Returns?
  • Ans. 

    Yes, I have experience in filing GST returns.

    • Yes, I have filed GST returns in my previous role as an accountant.

    • I am familiar with the process of filing GST returns and have a good understanding of the necessary documentation.

    • I have successfully filed GST returns for multiple clients, ensuring compliance with all regulations and deadlines.

    • I am comfortable using GST software and staying updated with any changes in the G

  • Answered by AI

Interview Preparation Tips

Topics to prepare for ValueMomentum Associate Trainee interview:
  • Finance
  • Accounts Payable
  • Costing
  • Taxation
  • GST
Interview preparation tips for other job seekers - Just Prepare with your resume first. Technical questions are so easy.

Interview questions from similar companies

I appeared for an interview in Sep 2017.

Interview Questionnaire 

4 Questions

  • Q1. Technical interview take by client technical person actually they are hiring for another client so they took total 3 technical round and final will HR round
  • Q2. Asking about life cycle of Dot net mvc contols entity frame work and SQL queries
  • Q3. Problem based on oops and SQL queries outputs
  • Q4. Basic questions about my self ,salary discussion basic formalities form I have to fill up

Interview Preparation Tips

Round: Test
Experience: There were around 15 objective question that includes mvc, c#.net and SQL server. It was very simple question like different types of filters,Acton results in mvc. Basic oops concept and dot net web page regarding

Round: Resume Shortlist
Experience: After completing test round another was technical round discussed maily for mvc and SQL server questions. Around 30 mint discussion. After qualify this round another round will start from client technical staff.

General Tips: It was for 2-3 year experience person very simple to crack but focus on you which profile you are looking for study interview questions from net
Skills: Dot net mve oops concept jQuery and SQL server

Interview Questionnaire 

1 Question

  • Q1. What are your goals while looking to join our organization?

I applied via Referral and was interviewed in Apr 2020. There were 5 interview rounds.

Interview Questionnaire 

7 Questions

  • Q1. Oops methodology
  • Q2. Design patterns
  • Q3. Programming languages
  • Q4. Front end language especially latest framework like react and redux
  • Q5. Database design with normalization process
  • Ans. 

    Normalization is a process of organizing data in a database to reduce redundancy and improve data integrity.

    • Normalization involves breaking down a table into smaller tables and establishing relationships between them.

    • There are different levels of normalization, with each level having specific rules to follow.

    • Normalization helps to prevent data inconsistencies and anomalies.

    • Examples of normalization include converting r...

  • Answered by AI
  • Q6. And flow of the system
  • Q7. Dot net core the going technology

Interview Preparation Tips

Interview preparation tips for other job seekers - No advice the process was carried out with all the department which is good for employment opportunities

Skills evaluated in this interview

I applied via Campus Placement and was interviewed in May 2021. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. OOPs concept

Interview Preparation Tips

Interview preparation tips for other job seekers - Just be yourself.

I applied via Naukri.com and was interviewed before Sep 2020. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. IOS Basics , iPhone programming

Interview Preparation Tips

Interview preparation tips for other job seekers - When you tried a lot to get good company if you have no option then go for it ,Make this to last of your joining preferences.You will be deadlocked in the bond think twice before Join.

I applied via Naukri.com and was interviewed in Apr 2021. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Life cycle hooks
  • Q2. Observables and promises

Interview Preparation Tips

Interview preparation tips for other job seekers - Interview level is moderate

I applied via Recruitment Consultant and was interviewed in Oct 2020. There were 6 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Oops concepts with examples, SQL query to find second highest salary, diff between fail fast and fail safe, how did u implement security in your app, etc

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare basic Java concepts

I applied via Naukri.com and was interviewed before Oct 2020. There were 5 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Technical questions related to angular,c# and sql

Interview Preparation Tips

Interview preparation tips for other job seekers - Need to be technically strong

I applied via Naukri.com and was interviewed in Jan 2021. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. More questions on which topic
  • Q2. Focus on c#, MVC and SQL

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare well technically and scenario based questions also prepared.

ValueMomentum Interview FAQs

How many rounds are there in ValueMomentum Associate Trainee interview?
ValueMomentum interview process usually has 1 rounds. The most common rounds in the ValueMomentum interview process are Technical.
How to prepare for ValueMomentum Associate Trainee interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at ValueMomentum. The most common topics and skills that interviewers at ValueMomentum expect are Career Development, Focus, IT Services, IT Transformation and Performance Management.
What are the top questions asked in ValueMomentum Associate Trainee interview?

Some of the top questions asked at the ValueMomentum Associate Trainee interview -

  1. What is the difference between Accrual and Advan...read more
  2. Why there are 2 Rates given for Rent in Sec 19...read more
  3. What do you mean by BRS? How will you do ...read more

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ValueMomentum Associate Trainee Interview Process

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ValueMomentum Associate Trainee Salary
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₹3.6 L/yr - ₹4.7 L/yr
56% more than the average Associate Trainee Salary in India
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