Accountants, Finance, Articleship, Chartered Accountancy etc., jobs are quite in demand and require a basic background of Commerce at HSC or Graduation level.
Most common skills required for these jobs are Tally, MS Excel, Taxation Knowledge, etc.
Be sure to revise your basics about Accounts and Tally when you want to apply for Accountants, Finance, Articleship, Chartered Accountancy Jobs.
A sample list of Answers to common Accounts questions in below:
1. What are the 3 Golden Rules of Accounting:
|Personal Accountants:||Debit the Receiver, Credit the Giver|
|Nominal Accounts:||Debit all Expenses and Losses, Credit all Incomes and Gains.|
|Real Accounts:||Debit What comes in, Credit what goes out.|
2. Types of Entries / Vouchers in Tally:
There are normally 6 types of vouchers in Tally:
Purchase, Sales, Receipt, Payment, Contra and Journal
3. Difference between Journal and Ledger:
1. Journal is a book of accounting where daily records of business transactions are first recorded
2. A ledger is the book of final entry in which all similar transactions related to a particular person or thing are maintained in a summarized form.
4. Explain a Credit Note and Debit Note:
When a buyer is returning goods, A Debit Note is an intimation to the seller of the amount and quantity being returned and requesting the return of money.
When a Seller receives goods (returned) from the buyer, he prepares and sends a credit note as an intimation to the buyer showing that the money for the related goods is being returned in the form of a credit note.
5. What is a Balance Sheet?
It is a statement of the assets, liabilities, and capital of a business at a particular point in time.
An asset is an item of property owned by a person or company.
A liability is a person or company's legal financial debts or obligations.
Equity is the value of an asset less the amount of all liabilities on that asset.
Equity = Assets - Liabilities
Experienced candidates, are often asked questions like:
“Why did you leave your previous job?”
“What exactly was your work there?”
We suggest you be honest and clear while giving these answers.
Have a look at a list of Accountant Jobs and use these above Interview Tips and Questions before you go for Interview. All the best!
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