Venkateshwara Hatcheries Accounts Officer Interview Questions and Answers

Q1. Golden rules of accounts
Ans. 
Golden rules of accounts are basic principles that guide the process of recording financial transactions.
• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit expenses and losses, credit income and gains
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Q2. Types of accounting
Ans. 
Types of accounting include financial accounting, management accounting, cost accounting, and tax accounting.
• Financial accounting focuses on external reporting to stakeholders.

• Management accounting provides internal information for decision-making.

• Cost accounting involves analyzing and controlling costs.

• Tax accounting deals with tax compliance and planning.

• Other types include forensic accounting, project accounting, an
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Q1. General accounting principles
Ans. 
General accounting principles are the basic rules and guidelines that govern the field of accounting.
• GAAP (Generally Accepted Accounting Principles) is the set of guidelines that all accountants must follow

• The principles include consistency, relevance, reliability, comparability, and objectivity

• Accountants must also adhere to the matching principle, which requires expenses to be recorded in the same period as the reven...read more
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Q2. Previous experience and work role
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Q1. Basic questions for experience
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Accounting topics and aptitude