Junior Accounts Officer Interview Questions and Answers

GST stands for Goods and Services Tax, a tax levied on the supply of goods and services in India. TDS stands for Tax Deducted at Source, a tax deducted by the payer at the time of making payment.

• GST is a consumption-based tax levied on the supply of goods and services.

• TDS is a tax deducted by the payer at the time of making payment to the payee.

• GST is divided into Central GST, State GST, and Integrated GST.

• TDS is deducted on various payments like salary, rent, commission, etc...read more

Types of tax include income tax, sales tax, property tax, and corporate tax.

• Income tax is a tax on individual income and is paid to the government.

• Sales tax is a tax on goods and services purchased by consumers.

• Property tax is a tax on real estate property owned by individuals or businesses.

• Corporate tax is a tax on the profits of corporations.

• Other types of tax include capital gains tax, excise tax, and inheritance tax.

Ctrl + L

• Press Ctrl + L to access the sales ledger shortcut

• Common shortcut used in accounting software like QuickBooks