Withum Smith+Brown Audit Staff Interview Questions and Answers

General questions related to the role and some logical reasoning questions

Q1. Questions related to the role
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Q1. Can you use vlookup
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Yes, vlookup is a function in Excel used to search for a value in a table and return a corresponding value.
• Vlookup is a built-in function in Excel used to search for a value in the first column of a table and return a value in the same row from a specified column.

• It is commonly used for looking up specific information in a large dataset.

• Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Example: ...read more
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Q1. What is accounting
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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 include balance sheets, income statements, and cash flow statements
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Q2. What is indirect tax
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Indirect tax is a tax collected by an intermediary (such as a retailer) from the person who ultimately bears the economic burden of the tax.
• Indirect taxes are not directly paid by the consumer to the government.

• They are imposed on goods and services, and the burden is passed on to the final consumer.

• Examples include sales tax, value-added tax (VAT), excise duty, and customs duty.
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Q3. 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 an asset.

• It is considered a taxable event by the IRS.

• Long-term capital gains are taxed at a lower rate than short-term capital gains.

• Examples of capital assets include stocks, bonds, real estate, and precious metals.
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Q4. Slab reates of income tax
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Income tax slab rates are the different levels of income at which different tax rates apply.
• Income up to Rs. 2.5 lakh is exempt from tax

• Income between Rs. 2.5 lakh to Rs. 5 lakh is taxed at 5%

• Income between Rs. 5 lakh to Rs. 10 lakh is taxed at 20%

• Income above Rs. 10 lakh is taxed at 30%
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Q5. Induction to ur self
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I am a detail-oriented and organized individual with a strong background in accounting and finance.
• Bachelor's degree in Accounting

• 2+ years of experience in accounts payable and receivable

• Proficient in using accounting software such as QuickBooks

• Strong analytical and problem-solving skills

• Excellent communication and interpersonal skills
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Q1. Realated past experience and knowledge
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Written technical test

Q1. Previous experience
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Q2. Current and expected ctc
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Q1. Accounting questions
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Q2. Accounting and tax
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Accounting questions, gst and tds related questions

Q1. V look up,pivote table, gstr1 filing,gstr3b filing
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