Accounts & Audit Executive Interview Questions and Answers

If I receive a sum from an unknown account, I would take the following steps to solve the problem.

• Verify the source of the payment by contacting the bank or financial institution

• Check if there are any supporting documents or explanations accompanying the payment

• Investigate any potential fraudulent activity or unauthorized transactions

• Document all relevant information and maintain a record of the transaction

• Consult with superiors or colleagues for guidance and advice

• Follow com...read more

The Profit and Loss account can be obtained by analyzing the company's financial statements.

• The Profit and Loss account is prepared by analyzing the company's income statement.

• It shows the company's revenues, expenses, and net profit or loss for a specific period.

• To obtain the Profit and Loss account, one needs to gather financial data such as sales, cost of goods sold, operating expenses, and other income or expenses.

• These data are then organized and presented in a structure...read more

The Hindi form of fox is 'लोमड़ी' (Lomdi).

• The Hindi word for fox is 'लोमड़ी' (Lomdi).

• In Hindi, 'लोमड़ी' (Lomdi) is used to refer to the animal fox.

• The word 'लोमड़ी' (Lomdi) is commonly used in Hindi literature and conversations to denote a fox.

I prefer credit notes to be issued in a timely manner and with accurate information.

• Credit notes should be issued promptly to avoid any delays in resolving billing discrepancies.

• The credit note should clearly state the reason for the credit and provide detailed information about the transaction it relates to.

• It is important to ensure that the credit note is accurate and reflects the correct amount to be credited.

• Maintaining proper documentation and records of credit notes is ...read more

E-commerce refers to buying and selling goods or services over the internet.

• E-commerce allows businesses to reach a global audience

• Transactions are conducted electronically

• Examples include Amazon, eBay, and Alibaba