V.N. Purohit & Co. Account Assistant Interview Questions and Answers

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4 part in aptitude english, logical, insurance, accounting

Q1. What is accounting
Ans. 
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples: preparing balance sheets, income statements, cash flow statements
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Q1. Tell me about yourself
Ans. 
Experienced Senior Accountant with a strong background in financial analysis and reporting.
• Over 8 years of experience in accounting and finance

• Proficient in financial statement preparation and analysis

• Skilled in budgeting, forecasting, and variance analysis

• Strong knowledge of GAAP and regulatory compliance

• Previous experience in leading audit processes and managing financial projects
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Q1. One on One have done for 45 Min
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Q2. Accounting and Technical Scenario based Questions
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Q1. What account rules
Ans. 
Account rules refer to the guidelines and principles that govern the recording and reporting of financial transactions in an organization.
• Account rules dictate how transactions are classified and recorded in financial statements

• They ensure consistency and accuracy in financial reporting

• Examples include the matching principle, revenue recognition principle, and historical cost principle
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