Accounts Clerk Interview Questions and Answers

To fix errors in a systematic way, follow these steps:

• Identify the error and its root cause

• Develop a plan to address the error

• Implement the plan systematically

• Monitor the results and make necessary adjustments

• Document the process for future reference

The rate of TDS on professional services varies depending on the nature of the service provided.

• The standard rate of TDS on professional services is 10%.

• However, if the recipient of the service does not provide their PAN (Permanent Account Number), the TDS rate increases to 20%.

• Certain professional services like legal consultancy, technical services, and royalty payments have a TDS rate of 10%.

• Professional services provided by advertising agencies have a TDS rate of 5%.

• If the...read more

Accounts payable function involves recording and paying invoices from suppliers.

• Receive invoices from suppliers for goods or services provided

• Verify accuracy of invoices and match them to purchase orders or contracts

• Record invoices in the accounting system

• Prepare payments to suppliers based on due dates

• Reconcile accounts payable to ensure accuracy

• Maintain good relationships with suppliers to ensure timely payments

To calculate percentage from CGPA, multiply CGPA by 9.5.

• Multiply CGPA by 9.5 to get the percentage.

• For example, if CGPA is 8.5, the percentage would be 8.5 * 9.5 = 80.75%.