Withum Interview Questions and Answers

Q1. What is your expected CTC?
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Q2. Can you join immediately?
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A coding test was asked to be done by sharing the screen on Teams.

Q1. What are your hobbies?
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Q2. Do you have experience in B2B?
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Q3. How many years of experience do you have??
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Q4. Do you have any experience with Python, Java, or MongoDB?
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Q1. What you know about Account Outsourcing?
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Q1. Whats is accounting methods
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Accounting methods refer to the rules and procedures used by companies to prepare financial statements.
• Accounting methods determine how revenue and expenses are recognized in financial statements.

• There are two main accounting methods: cash basis and accrual basis.

• Cash basis accounting records revenue and expenses when cash is actually received or paid.

• Accrual basis accounting records revenue when it is earned and expen...read more
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Q2. What is capital gain
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Capital gain is the profit that results from a sale of a capital asset, such as stocks, bonds, or real estate.
• Capital gain is the difference between the purchase price and the selling price of a capital asset.

• It is considered a taxable event by the IRS in the United States.

• Short-term capital gains are taxed at a higher rate than long-term capital gains.

• Examples of capital assets include stocks, bonds, real estate, and
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Q3. What is accrual income and accrual expense
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Accrual income and accrual expense are recognized when they are incurred, regardless of when cash is exchanged.
• Accrual income is income that has been earned but not yet received, while accrual expense is an expense that has been incurred but not yet paid.

• Accrual income and expense are recorded in the financial statements in the period in which they are earned or incurred, regardless of when the cash is actually receive...read more
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Q4. Difference between rent agreement and lease agreement
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Rent agreements are usually short-term, while lease agreements are long-term contracts.
• Rent agreements are typically month-to-month or for a fixed term, while lease agreements are usually for a longer period, such as one year or more.

• Rent agreements are more flexible and can be easily terminated with notice, while lease agreements are more binding and may have penalties for early termination.

• Rent agreements are common ...read more
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Q5. What is depreciation and how it is treated in books of accounts
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Depreciation is the allocation of the cost of an asset over its useful life in the books of accounts.
• Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

• It is treated as an operating expense on the income statement, reducing the company's net income.

• Depreciation is recorded on the balance sheet to reduce the carrying amount of the asset.

• There are different methods of calculating...read more
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Q6. Basic journal entry
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Q7. What is accounts receivables and accounts playable
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Accounts receivables are amounts owed to a company by customers for goods or services provided, while accounts payable are amounts owed by a company to suppliers for goods or services received.
• Accounts receivables represent money owed to a company by customers, typically shown as an asset on the balance sheet.

• Accounts payable represent money owed by a company to suppliers or vendors, typically shown as a liability on t...read more
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Q8. Journal entry for investment in businesses 20,000 cash and 80,000 bank loan
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Journal entry for investment in businesses with $20,000 cash and $80,000 bank loan.
• Debit the investment account for $100,000 ($20,000 cash + $80,000 bank loan)

• Credit the cash account for $20,000

• Credit the bank loan account for $80,000
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Q1. Can you provide details about yourself and your experience with field work?
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Q2. What is your previous experience in the development sector?
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Q1. How would you describe your fieldwork experience, particularly in terms of identifying issues with Self-Help Groups (SHGs) during your village fieldwork segment?
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Q1. Everything about your experience
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This test is an offline assessment covering math, logical reasoning, and English grammar. However, it holds less importance as HR will primarily focus on your process-related work experience, communication skills, knowledge about the company, and understanding of the process, especially if you are a fresher.

Q1. Tell me about yourself.
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Q2. Tell me in brief about your work experience.
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Q3. When did you leave your previous organization and why?
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Q4. Are you an immediate joiner or what is your notice period?
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Q5. Do you know about cogneesol?
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Q6. I will shortlisted you for the next round wait for it, or take a break.
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Q1. He/she will look at your resume and ask about your salary expectations.
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Q2. Show me your last salary slip or appraisal letter.
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Q3. We will provide your "XX" amount per month where "X" will be fixed and "Y" will be your NSA and incentives. If you are ready we will provide you an offer letter immediately.
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Q1. What is Passive foreign Investment company
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Passive Foreign Investment Company (PFIC) is a foreign corporation where at least 75% of its gross income is passive or at least 50% of its assets produce passive income.
• PFIC status can have significant tax implications for U.S. taxpayers.

• Taxpayers must report PFIC investments on Form 8621.

• PFIC rules are complex and may require specialized tax advice.

• Examples of PFICs include certain foreign mutual funds and holding co
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Q2. What is Form 5471
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Form 5471 is a tax form used by certain U.S. persons who are shareholders in certain foreign corporations.
• Required to be filed by U.S. persons who are officers, directors, or shareholders in certain foreign corporations

• Provides information on the foreign corporation's financial activities and ownership structure

• Helps the IRS prevent tax evasion through controlled foreign corporations

• Different filing requirements based ...read more
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Q3. Questions on Form 1040
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Q1. Questions on form 1040
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Q2. Questions on what type of structure in tax would I select to work in BDO
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Q1. Questions on form 1040 & everything was covered
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Q2. Questions on Form 5471
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Q3. Questions on form 962
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Q1. What is index and types of index
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An index is a data structure that improves the speed of data retrieval operations in a database.
• Types of indexes include clustered index, non-clustered index, unique index, and composite index.

• Indexes can be created on one or multiple columns in a table.

• Indexes help in quickly locating data without having to scan the entire table.

• Examples of indexes are primary key indexes, foreign key indexes, and secondary indexes.
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Q2. What is SCD and its type
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SCD stands for Slowly Changing Dimension, which is a concept used in data warehousing to track changes in data over time.
• SCD Type 1: Overwrites old data with new data, losing historical information.

• SCD Type 2: Keeps multiple versions of the same record, each with a different timestamp.

• SCD Type 3: Maintains separate columns for current and previous values, limiting historical data tracking.

• SCD Type 4: Uses separate hist...read more
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Q3. Tell me the process of data pipeline
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Data pipeline is a series of processes that collect, transform, and load data from various sources to a destination for analysis.
• Data ingestion: Collecting data from various sources like databases, APIs, logs, etc.

• Data processing: Cleaning, transforming, and enriching the data to make it usable for analysis.

• Data storage: Storing the processed data in a data warehouse, data lake, or other storage solutions.

• Data analysis...read more
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