Velnik India Accounts & Finance Manager Interview Questions and Answers

Q1. Golden rules of accounting
Ans. 
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The golden rule of accounting is that for every debit entry, there must be an equal credit entry.

• There are three types of accounts: personal, real, and nominal.

• Personal accounts deal with individuals or organizations, real accounts deal with assets and liabilities, and nominal accounts deal with income and exp...read more
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Q1. What is TDS under income tax
Ans. 
TDS stands for Tax Deducted at Source, a system where tax is deducted by the payer at the time of making payment.
• TDS is deducted by the payer at the time of making certain payments like salary, rent, commission, etc.

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

• TDS rates vary based on the type of payment and the payee's status.

• TDS ensures a regular inflow of taxes to the government an...read more
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Q1. Related to Finance and Marketing...
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Q1. HR discussion was very good
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Q2. Client discussion was vey good
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Q1. Client interaction was very excellent
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Q1. F2F interview gone well
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Q1. Offer letter from HR
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Education of Indian system

Time and work ,Time speed and distance, permutations and combinations, percentage , number

Q1. What is tax deducted at source
Ans. 
Tax deducted at source (TDS) is a system where tax is deducted by the payer at the time of making payment to the payee.
• TDS is applicable on various types of payments such as salary, interest, rent, commission, etc.

• The deducted tax is required to be deposited to the government by the deductor.

• The payee can claim credit for the TDS amount deducted while filing their income tax return.

• TDS rates vary depending on the natur...read more
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I attended questions which was asked in questions

Q1. Tell me your self? What is your salary expectations?
Ans. My name is varshini dk I am pursuing in b.com I have computer knowledge in mso . I expected around 10,000
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Q2. Where are you from? In your family how many families are there?
Ans. I am from Mangalore In my family there are 4people
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