10+ Junior Accountant & Admin Interview Questions and Answers

Yes, I have knowledge about Goods and Services Tax (GST) and Tax Deducted at Source (TDS).

• I am familiar with the concept of GST, which is a value-added tax levied on most goods and services sold for domestic consumption.

• I understand TDS, which is a form of tax deducted at the source of income like salary, commission, rent, etc.

• I am aware of the rules and regulations related to GST and TDS compliance in accounting and finance.

Understanding of accounting and finance basics and working knowledge.

• Understanding of financial statements such as balance sheet, income statement, and cash flow statement

• Knowledge of accounting principles and practices

• Ability to analyze financial data and prepare reports

• Familiarity with budgeting and forecasting processes

• Experience with financial software and tools like QuickBooks or Excel

• Understanding of tax regulations and compliance

Tally ERP9 is an accounting software used for managing financial transactions. It includes various voucher types, tracks sales and purchases, manages creditors and debtors, records payment vouchers, and supports different types of GST.

• Tally ERP9 is a popular accounting software used by businesses to manage their financial transactions.

• Some voucher types in Tally include Sales Voucher, Purchase Voucher, Receipt Voucher, Payment Voucher, Journal Voucher, etc.

• Sales refer to the ...read more

Yes, I am familiar with Tally software.

• I have used Tally software extensively in my previous roles for accounting purposes.

• I am proficient in entering financial transactions, generating reports, and managing accounts using Tally.

• I have experience in customizing Tally software to suit the specific needs of the organization.

• I am comfortable with features like inventory management, payroll processing, and tax compliance in Tally.

Journal entries help track financial transactions and ensure accurate financial reporting.

• Journal entries provide a detailed record of all financial transactions.

• They help in tracking income, expenses, assets, and liabilities.

• Journal entries ensure accurate financial reporting and compliance with accounting standards.

• They help in identifying errors and discrepancies in financial records.

• Journal entries are essential for auditing purposes and financial analysis.

Tax invoice process in Tally involves recording sales transactions, calculating taxes, and generating invoices.

• Create a sales voucher in Tally

• Enter the necessary details such as customer information, item details, quantity, rate, and tax information

• Select the appropriate tax ledgers for CGST, SGST, and IGST based on the transaction

• Verify the tax calculations and final invoice amount before saving the voucher

• Generate the tax invoice and print or email it to the customer

Ledger should be created to record financial transactions of a business.

• Ledger should include all financial transactions such as income, expenses, assets, and liabilities.

• Each transaction should be recorded in the appropriate account within the ledger.

• Ledger should be organized in a systematic manner for easy reference and analysis.

• Regularly updating the ledger ensures accurate financial reporting.

• Examples of ledger accounts include cash, accounts receivable, accounts payable...read more

A ledger is made when transactions are recorded in a chronological order to track financial activities.

• Ledger is made to record all financial transactions in a chronological order.

• It helps in tracking and analyzing financial activities of a business.

• Ledger entries include details like date, description, debit/credit amount, and account affected.

• Examples of ledgers include general ledger, sales ledger, and purchase ledger.

Yes, I am proficient in using Ms Excel for data entry, analysis, and creating reports.

• Proficient in data entry and manipulation

• Able to create and format spreadsheets

• Experienced in using formulas and functions

• Skilled in generating reports and charts

• Familiar with pivot tables and data validation