10+ Accounts Manager Interview Questions and Answers for Freshers

I managed to fill the form for my banking examination by carefully reading the instructions and double-checking my answers.

• I read the instructions thoroughly before starting to fill the form.

• I made sure to understand the format and structure of the form.

• I double-checked all my answers before submitting the form.

• I sought help from the bank staff if I had any doubts or questions.

• I kept a copy of the filled form for my reference.

GSTR 3B and 1 require detailed information for claiming RCM credit and receiving GST invoice and goods.

• GSTR 3B and 1 require detailed information on reverse charge mechanism (RCM) credit to be claimed.

• Both GSTR 3B and 1 require the receipt of GST invoice and goods for claiming credit.

• Claiming RCM credit involves reporting purchases from unregistered dealers in GSTR 3B and 1.

• Ensure accurate reporting of RCM transactions to claim credit correctly.

• Timely reconciliation of invoic...read more

Trade payables are shown as a liability on the balance sheet. Interest liability may accrue for delays in payment.

• Trade payables are recorded as a current liability on the balance sheet, representing amounts owed to suppliers for goods or services purchased on credit.

• Interest liability for delays in payment may arise if there are specific terms in the supplier contracts or agreements.

• The interest liability would be recorded as an additional expense on the income statement.

• For...read more

Profit and Loss account is a financial statement that shows a company's revenues, expenses, and net income or loss over a specific period.

• It is also known as an income statement.

• It shows the company's financial performance over a specific period.

• The revenue section includes sales, fees, and other income.

• The expense section includes cost of goods sold, salaries, rent, and other expenses.

• The net income or loss is calculated by subtracting expenses from revenue.

• It helps in deter...read more

A balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

• It provides a snapshot of a company's financial position

• Assets are listed first, followed by liabilities and equity

• The equation Assets = Liabilities + Equity must always balance

• It helps investors and creditors evaluate a company's financial health

• Examples of assets include cash, inventory, and property

• Examples of liabilities include loans, accounts payab...read more

APIs are sets of rules and protocols that allow different software applications to communicate with each other.

• APIs are used to define the methods for accessing and interacting with a software application or platform.

• They enable developers to access certain features or data from a service without needing to understand its internal workings.

• APIs can be used to integrate different systems, automate processes, and enhance functionality of applications.

• Examples of APIs include Go...read more

I have experience in analyzing and trading stocks, bonds, and derivatives.

• Analyzed market trends and made investment recommendations for clients

• Managed portfolios of high net worth individuals and institutional investors

• Traded equities, fixed income securities, and options on behalf of clients

• Developed and maintained relationships with clients and financial institutions

• Stayed up-to-date on market news and regulatory changes

Swiggy is a popular food delivery platform in India.

• Swiggy was founded in 2014 in Bangalore, India.

• It offers a wide range of restaurants and cuisines for users to choose from.

• Swiggy has a strong delivery network and quick delivery times.

• The platform also offers features like live tracking of orders and multiple payment options.

• Swiggy has expanded to several cities across India and has become a household name for food delivery.

A bank is a financial institution that accepts deposits from the public and creates credit.

• Banks provide various financial services such as loans, credit cards, and savings accounts.

• They also facilitate transactions such as wire transfers and issuing of checks.

• Banks earn profits by charging interest on loans and fees for their services.

• Examples of banks include JPMorgan Chase, Bank of America, and Wells Fargo.

GSTIN stands for Goods and Services Tax Identification Number. There are 4 types of GST rates in India.

• GSTIN is a unique identification number assigned to every registered taxpayer under GST.

• It is a 15-digit alphanumeric code.

• The first two digits represent the state code, the next 10 digits are the PAN number of the taxpayer, the 13th digit represents the number of registrations in a state, and the last two digits are check digits.

• The four types of GST rates are 5%, 12%, 18%,...read more

Scrum is an agile framework for managing and completing complex projects.

• Scrum involves a team working together to achieve a common goal

• It emphasizes on iterative and incremental progress

• It involves daily stand-up meetings, sprint planning, sprint review, and retrospective meetings

• It uses product backlog, sprint backlog, and burndown charts to track progress

• It promotes transparency, inspection, and adaptation

This pen is not just a writing tool, but a stylish accessory that will make you stand out in any professional setting.

• This pen features a sleek design that exudes professionalism.

• The smooth ink flow ensures a flawless writing experience.

• Its durable construction guarantees long-lasting use.

• Perfect for signing important documents or taking notes in meetings.

• Comes in a variety of colors to suit your personal style.

Basic rules of Accounts include maintaining accurate records, following GAAP, and ensuring proper documentation.

• Maintain accurate records of all financial transactions

• Follow Generally Accepted Accounting Principles (GAAP)

• Ensure proper documentation for all transactions

• Separate personal and business finances

• Perform regular audits to ensure accuracy

• Maintain confidentiality of financial information

• Record transactions in a timely manner

• Reconcile accounts regularly