Finance Assistant

Finance Assistant Interview Questions and Answers

Updated 14 Oct 2024
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Q1. As i am in taxation department, what is 2a and 3b

Ans.

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.

Q2. What you will do with axess money in cashtill?

Ans.

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

Q3. What type of reports would you give?

Ans.

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

  • Balance sheets

  • Income statements

  • Cash flow statements

Q4. Take me through Bank Reconcilliation?

Ans.

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

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