Deputy General Manager Finance & Accounts Interview Questions and Answers

Explaining construction development and budget handling for construction cost and sales velocity

• Construction development involves planning, designing, and executing a project within a budget

• Budget handling includes estimating costs, allocating resources, and monitoring expenses

• Sales velocity refers to the rate at which units are sold, which impacts revenue and profit

• Effective budget management is crucial for ensuring profitability and success of the project

• Regular monitoring ...read more

I will create a new company in Tally ERP and set up the chart of accounts and cost centers for construction accounting.

• Create a new company in Tally ERP

• Set up the chart of accounts for construction accounting

• Create cost centers for different construction projects

• Assign expenses and revenues to the appropriate cost centers

• Generate reports to track project-wise profitability