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Volvo Junior Accountant Interview Questions and Answers

Updated 18 Dec 2023

Volvo Junior Accountant Interview Experiences

2 interviews found

Interview experience
3
Average
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via LinkedIn and was interviewed in Nov 2023. There was 1 interview round.

Round 1 - Technical 

(1 Question)

  • Q1. What is prepayment, what is ar ageing, what is cogs, what is direct expenses, indirect expense, what is hedging, journal entry for os salary, journal entry for prepaid salary, what is cost centre, what is ...
  • Ans. 

    Prepayment is an advance payment made for goods or services. AR ageing is the analysis of outstanding customer invoices. COGS is the cost of producing or purchasing goods sold. Direct expenses are costs directly related to the production of goods or services. Indirect expenses are costs not directly related to production. Hedging is a financial strategy to reduce risk. Journal entry for OS salary is debit salary expens...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Please prepare core accounting knowledge

I applied via Referral and was interviewed in Jul 2022. There was 1 interview round.

Round 1 - Technical 

(3 Questions)

  • Q1. What is cash flow statement
  • Ans. 

    A cash flow statement is a financial statement that shows the inflows and outflows of cash in a business over a specific period of time.

    • 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 sell...

  • Answered by AI
  • Q2. What are the important finance statement
  • Ans. 

    The important finance statements are the balance sheet, income statement, and cash flow statement.

    • Balance sheet shows the company's assets, liabilities, and equity at a specific point in time.

    • Income statement shows the company's revenue, expenses, and net income over a period of time.

    • Cash flow statement shows the company's cash inflows and outflows over a period of time.

    • These statements are important for investors, cre...

  • Answered by AI
  • Q3. Basically ask whatever is available in resume

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared for whatever mentioned in the resume especially projects

Junior Accountant Interview Questions Asked at Other Companies

Q1. Explain heads of income under income tax Act, 1961.
Q2. What are the Golden rules of accounting...?
asked in Infosys
Q3. What comes under assets and liabilities.
asked in Infosys
Q4. What is the important for gst return file ?
asked in Infosys
Q5. What is used of trial balance for running a business

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Jul 2024. There was 1 interview round.

Round 1 - One-on-one 

(5 Questions)

  • Q1. What is Balance sheet?
  • Q2. Difference between the Debit and Credit ?
  • Q3. Tell me about yourself?
  • Q4. Tell me about your internship experience?
  • Q5. Tell me about MS Excel, vlookup, how to use?
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed in Jul 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Case Study 

That he really work in Damodar Valley Corporation in accounts bill section work and work in accounts work it or not,case study.

Round 3 - One-on-one 

(8 Questions)

  • Q1. Add bill section work and accounts Excutive questions which you work to clarify
  • Ans. Add your questions .what I will say about the matter. What are you wanting to more questions?
  • Answered by Narendra Nath Gorai
  • Q2. And they finalise whether his helping hand require for 1 month
  • Q3. Then the decide board
  • Q4. I have nothing to say about the finalise the decision that the supreme of the boards decision
  • Q5. They there related questions
  • Q6. There decision is final decision
  • Q7. If not suitable they final decision on making
  • Q8. Not to talk about it

Interview Preparation Tips

Interview preparation tips for other job seekers - What I give you advice. That they decision on their hands and finalise
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Walk-in and was interviewed in Feb 2023. There were 2 interview rounds.

Round 1 - Group Discussion 

The CEO of the company comes to us and give us to discuss in group

Round 2 - Assignment 

The CEO gave us a assignment to clear the installment files

Interview Preparation Tips

Interview preparation tips for other job seekers - Of course! Here are a few tips for jobseekers:

Tailor Your Resume: Customize your resume for each job application, highlighting relevant skills and experiences.

Network: Connect with professionals in your desired field, attend industry events, and utilize platforms like LinkedIn.

Research Companies: Learn about the companies you're interested in to tailor your applications and show genuine interest during interviews.

Practice Interviewing: Prepare answers to common interview questions, and practice with a friend or in front of a mirror.

Show Enthusiasm: Express enthusiasm for the role and company during interviews. Passionate candidates stand out.

Continuously Learn: Stay updated on industry trends and improve relevant skills to enhance your competitiveness.

Online Presence: Maintain a professional online presence, as employers often research candidates online.

Follow Up: Send thank-you emails after interviews to reiterate your interest and appreciation.

Stay Persistent: Job searching can be tough, but stay persistent and keep applying to opportunities that match your goals.

Stay Positive: Job hunting can be challenging, but maintaining a positive attitude is essential for success.

Remember, each job search is unique, so adapt these tips to your situation. Good luck!
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - HR 

(7 Questions)

  • Q1. Nilesh Nahata sir
  • Q2. Silk and expression
  • Q3. And knowledge with my accountant realted
  • Q4. Experience in workrealted
  • Q5. And knowledge in accountant skils
  • Q6. Communication and body language
  • Q7. Knowledge in work process
Round 3 - Assignment 

Costing and factory work

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before Jun 2023. There were 3 interview rounds.

Round 1 - Aptitude Test 

This phase of round usually checks your IQ general ability to solve mathematics question and problems to ascertain your selection

Round 2 - HR 

(3 Questions)

  • Q1. Tell me about yourself?
  • Q2. Why choose Ford?
  • Q3. Why should I hire you?
Round 3 - Technical 

(2 Questions)

  • Q1. Roles handled in earlier organisation
  • Q2. What is AR,AP,BR,BP? Outstanding arrears,prepaid expense, amortization.
  • Ans. 

    AR stands for Accounts Receivable, AP stands for Accounts Payable, BR stands for Bank Reconciliation, BP stands for Budget Planning. Outstanding arrears are unpaid debts, prepaid expenses are expenses paid in advance, and amortization is the process of spreading out the cost of an intangible asset over its useful life.

    • AR (Accounts Receivable) - money owed to a company by its customers for goods or services provided on ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Read the JD thoroughly and understand the requirement of the role and prepare on the vital topics. You need not have complete knowledge however enough to win the interviewer trust. Be straightforward and true about you statements.
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed before Mar 2023. There was 1 interview round.

Round 1 - HR 

(2 Questions)

  • Q1. Whats is your streanth and weakness
  • Q2. How many years of expriance in accounts
  • Ans. 

    I have 5 years of experience in accounts, including managing financial records, preparing financial statements, and analyzing financial data.

    • 5 years of experience in accounts

    • Proficient in managing financial records

    • Skilled in preparing financial statements

    • Experienced in analyzing financial data

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Dont be shy
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed before Jan 2022. There was 1 interview round.

Round 1 - HR 

(2 Questions)

  • Q1. Work experience in accounting
  • Ans. 

    I have 5 years of work experience in accounting.

    • Managed financial records and prepared financial statements

    • Performed budgeting and forecasting

    • Conducted audits and ensured compliance with regulations

    • Handled accounts payable and receivable

    • Utilized accounting software such as QuickBooks and Excel

    • Collaborated with cross-functional teams to analyze financial data and provide insights

    • Implemented cost-saving measures and iden

  • Answered by AI
  • Q2. Tally ERP short keys

Interview Preparation Tips

Interview preparation tips for other job seekers - Have a good knowledge of tally ERP software and MSD

Volvo Interview FAQs

How many rounds are there in Volvo Junior Accountant interview?
Volvo interview process usually has 1-2 rounds. The most common rounds in the Volvo interview process are Technical and Resume Shortlist.
How to prepare for Volvo Junior Accountant 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 Volvo. The most common topics and skills that interviewers at Volvo expect are Accounts Payable, Invoice Processing, P2P, PTP and Payment Processing.
What are the top questions asked in Volvo Junior Accountant interview?

Some of the top questions asked at the Volvo Junior Accountant interview -

  1. What is prepayment, what is ar ageing, what is cogs, what is direct expenses, i...read more
  2. What are the important finance statem...read more
  3. What is cash flow statem...read more

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Volvo Junior Accountant Interview Process

based on 1 interview

Interview experience

3
  
Average
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Volvo Junior Accountant Salary
based on 28 salaries
₹2.5 L/yr - ₹3.9 L/yr
29% more than the average Junior Accountant Salary in India
View more details

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based on 2 reviews

5.0/5

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