ValueMomentum Interview Questions, Process, and Tips

Q1. Tell me about Yourself?
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Q2. What is the exact experience you have in Finance?
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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...read more
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Q4. What is the difference between Accrual and Advance?
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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...read more
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Q5. Give examples to above?
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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...read more
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Q6. What is cashflow statement?
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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...read more
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Q7. What is your favourite subject in CA or CMA?
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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...read more
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Q9. I have mentioned Guest House entry in my previous experience, so they asked what is the journal entry for Guest House?
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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...read more
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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.
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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...read more
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Q13. What is the TDS Rate for Sec 194 J?
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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%.
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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...read more
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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
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TRAINS, Time, work, interest, etc

15 mins and the topic is money vs happiness

Q1. 1.FIbonacci series 2.recursion 3.oops
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Q1. Why this company and salary discussion
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Q1. Explain deployment process
Ans. 
Deployment process involves releasing software code to production servers.
• Developers commit code changes to version control system

• Code is built and tested in a staging environment

• Once tested, code is deployed to production servers

• Monitoring and logging tools are used to track deployment status

• Rollback plan in case of deployment failure
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Q2. What is shared repository
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A shared repository is a central location where files and data are stored and accessed by multiple users or systems.
• Centralized storage for files and data

• Allows multiple users or systems to access and modify the same files

• Helps in collaboration and version control

• Examples: GitHub, Bitbucket, SVN
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Q3. What is eventfunction()
Ans. 
eventfunction() is a function that handles events in programming.
• eventfunction() is used to define what should happen when a specific event occurs in a program.

• It is commonly used in event-driven programming to respond to user actions or system events.

• Examples include onclick event in JavaScript to trigger a function when a button is clicked.
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Q4. How to export BRE rules in JAVA services
Ans. 
Exporting BRE rules in JAVA services involves using a rule engine to generate and execute rules.
• Use a rule engine like Drools to define and manage business rules in Java services

• Create rule files in a format supported by the rule engine (e.g. DRL files for Drools)

• Use the rule engine API to load and execute the rules in your Java services
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Q1. Where do you see yourself 5 years from now
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Q2. What is agile and waterfall Methodology
Ans. 
Agile is a flexible, iterative approach to software development, while Waterfall is a linear, sequential method.
• Agile involves breaking projects into small increments and delivering them in short cycles.

• Waterfall follows a linear approach with distinct phases like requirements, design, implementation, testing, and maintenance.

• Agile allows for changes and adjustments throughout the development process.

• Waterfall requires...read more
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Q1. Salary discussion
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Q1. Technical discussion was good
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Q1. About previous project Java Springboot Rest
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Q1. Nice introduction Decent questions Explanation about role and company well
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ROUND 1 CONISTS OF BOTH APTITUDE AND CODING TEST ALL THE ANSWERS AVAILABLE ON INTERNET LIKE TESTBOOK,BRAINLY,...AND COMING TO CODING U NEED TO COMPILE IN OTHER LAPTOP WITH HELP OF YOUR FRIEND C,JAVA,SQL. CHANCES FOR CLEARING THIS ROUND IS 75%.

Q1. TECHNICAL INTERVIEW IS ENTIRELY BASED ON THE TYPE OF INTERVIEWER U GET I PREPARED ENTIRE TECHNICAL PART C,JAVA,SQL BUT MY INTERVIEWER ASKED
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Q2. PRIME MINISTER NAME? PRESIDENT NAME? DEFINE BRIEFLY ABOUT JAVA SQL JOINS,VIEWS FE3 REACTION DIFFERENCE BTW DISTANCE AND DISPLACEMENT
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Q1. Mostly on Projects & Skills
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Q1. Regarding Domain, Projects & your skill set
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Q1. Discussion on salary
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