Finance Assistant Interview Questions and Answers

2a and 3b are sections under the Goods and Services Tax (GST) Act of India.

• 2a refers to the details of inward supplies of taxable goods and/or services received by a registered person.

• 3b refers to the summary of outward supplies of taxable goods and/or services made by a registered person.

• Both 2a and 3b are important for filing GST returns and maintaining compliance with the GST Act.

• Failure to file accurate and timely returns can result in penalties and legal consequences.

The excess money in the cash till will be used for various financial purposes.

• The excess money can be used to pay off outstanding debts or loans.

• It can be invested in profitable ventures to generate additional income.

• The money can be used to replenish inventory or purchase necessary equipment.

• It can be saved in a separate account for future emergencies or unexpected expenses.

• The excess funds can also be used to reward employees or provide bonuses.

• Examples: paying off a loan, ...read more

I would provide financial reports such as balance sheets, income statements, and cash flow statements.

• Balance sheets

• Income statements

• Cash flow statements

Bank reconciliation is the process of comparing a company's records with those of its bank to ensure they match.

• Gather bank statements and company records

• Compare deposits, withdrawals, and fees

• Identify and resolve discrepancies

• Adjust company records as needed

• Ensure ending balances match