Accounts Supervisor Interview Questions and Answers

Accounting focuses on recording and reporting financial transactions, while finance deals with managing assets and liabilities.

• Accounting involves recording, classifying, and summarizing financial transactions.

• Finance involves managing assets, liabilities, and investments to achieve financial goals.

• Accounting provides historical financial information, while finance focuses on future financial planning and decision-making.

• Accounting is more about compliance and accuracy, while...read more

Data in Tally is stored in company files. It works by recording transactions and generating reports.

• Data is stored in company files with .dat extension

• Transactions are recorded using vouchers

• Reports can be generated using pre-built templates or customized

• Tally also has features for inventory management and payroll

• Data can be backed up and restored easily

GST is calculated as a percentage of the value of goods or services being sold.

• GST is calculated by multiplying the value of goods or services by the applicable GST rate.

• The GST rate varies depending on the type of goods or services being sold.

• For example, the GST rate for essential goods like food and medicine is lower than that for luxury items like cars and jewelry.

• GST is added to the price of goods or services and is collected by the seller, who then remits it to the gove...read more

Psak refers to a ruling or decision made by a rabbi or religious authority in Jewish law.

• Psak is a legal decision or ruling made by a qualified authority in Jewish law.

• It is based on the interpretation of religious texts and precedents.

• Psak is often sought on matters such as kosher dietary laws, marriage, divorce, and business ethics.

• Rabbis or religious scholars may issue psak individually or as part of a religious court.

• Following psak is considered obligatory for observant J...read more