Accountant/ Accounts Executive Interview Questions and Answers in 2025 (100+ Q&A)

Ques:- Sales tax, Tax rate and rules,

Asked In :- MDINDIA HEALTH INSURANCE TPA PVT, NJ India, GAIN Credit, MP Chitale & Co, v.ships, kotak securities, sage pastel accounting, ghana cocoa board, ok zimbabwe limited, crowe horwath malaysia,

Right Answer:
Sales tax is a consumption tax imposed on the sale of goods and services, calculated as a percentage of the sale price. The tax rate varies by jurisdiction and can depend on the type of product or service. Rules governing sales tax include registration requirements for sellers, collection obligations, and filing procedures for remitting collected taxes to the government.

Accountant/ Accounts Executive Accounting Standard

Ques:- Accounting procedure,

Asked In :- Modulr, bmo capital markets, avalara, simmons bank, giz, happy money, pension fund, congo,

Right Answer:
The accounting procedure involves a systematic process of recording, classifying, and summarizing financial transactions to prepare financial statements. It typically includes steps such as identifying transactions, recording them in journals, posting to ledgers, preparing trial balances, and creating financial statements.

Accountant/ Accounts Executive Accounting Standard

Ques:- What do you know about BALANCE SHEET?

Asked In :- TFT, Ujjivan Small Finance Bank, kpmg sri lanka, kreston reeves, park square capital,

Right Answer:
A balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. It follows the accounting equation: Assets = Liabilities + Equity. This statement helps assess the financial position and stability of the business.

Accountant/ Accounts Executive Reconcilation

Ques:- What is a BRS STATEMENT?

Asked In :- Performio, sampath bank, sa power networks, nucor steel, post bank uganda, deccan fine chemicals pvt. limited, westpac banking corporation, continental,

Right Answer:
A BRS (Bank Reconciliation Statement) is a document that compares and reconciles the bank balance as per the company's books with the bank statement balance to identify any discrepancies.

Accountant/ Accounts Executive Tax Assessment

Ques:- Procedure of filling Service tax return?

Asked In :- RGCA, Hatsun Agro Product, dnb, mankind pharma ltd, sac, sustainalytics, osm,

Right Answer:
To fill a Service Tax return, follow these steps:

1. **Determine the Applicable Return Form**: Identify the correct form based on the type of service provided (e.g., ST-3 for regular taxpayers).

2. **Gather Required Information**: Collect details such as service tax collected, service tax paid, and any exemptions or deductions.

3. **Access the Online Portal**: Log in to the GST portal or the relevant tax authority's website.

4. **Fill in the Return Form**: Enter the required details in the form, including service details, tax liability, and payment information.

5. **Review the Information**: Double-check all entries for accuracy.

6. **Submit the Return**: File the return electronically through the portal.

7. **Make Payment**: If there is any tax due, make the payment through the prescribed channels.

8. **Keep Acknowledgment**: Save the acknowledgment receipt for your records.

Accountant/ Accounts Executive Other

Ques:- What you know about company accounting…

Asked In :- Jazz Aviation, JOCATA FINANCIAL ADVISORY & TECHNOLOGY SERVICES, woodforest national bank, marketaxess, credence analytics, sundry foods limited, fay servicing, llc, morris & dickson,

Right Answer:
Company accounting involves recording, summarizing, and reporting financial transactions of a business. It includes managing accounts payable and receivable, payroll, financial statements, budgeting, and ensuring compliance with regulations. The goal is to provide accurate financial information for decision-making and to assess the company's financial health.

Accountant/ Accounts Executive Accounting Standard

Ques:- Related Accounting Entries (Sales, Purchase, bank Reco etc )Vat & Tds and other Statutory liabilities, Fixed Assets, Depreciation etc

Asked In :- Basware India, Junior Assistant, UBA Bank, bc pension corporation, ofwat, man group,

Right Answer:
1. **Sales Entry**:
- Debit: Accounts Receivable/Cash
- Credit: Sales Revenue
- Credit: VAT Payable (if applicable)

2. **Purchase Entry**:
- Debit: Inventory/Expense
- Debit: VAT Input (if applicable)
- Credit: Accounts Payable/Cash

3. **Bank Reconciliation**:
- Adjust bank balance for outstanding checks and deposits in transit.

4. **TDS Entry**:
- Debit: Expense Account
- Credit: TDS Payable

5. **Fixed Assets Purchase**:
- Debit: Fixed Assets
- Credit: Cash/Accounts Payable

6. **Depreciation Entry**:
- Debit: Depreciation Expense
- Credit: Accumulated Depreciation

7. **Statutory Liabilities**:
- Record as they arise, typically as a liability until paid.

Accountant/ Accounts Executive Personal Questions round

Ques:- Which date is comfortable for you to join with us ?

Asked In :- First American, amerisourcebergen, travelex, blackhawk network, caresoft global, columbia shipmanagement, fis, vasquez & company llp, entigrity solutions,

Right Answer:
I am available to join on [insert your preferred date].

Accountant/ Accounts Executive Accounting Standard

Ques:- All about Accounts and Job role

Asked In :- Varma & Varma, Aadhar Housing Finance, lyondellbasell, siam,

Right Answer:
The role of an accountant involves managing financial records, preparing financial statements, ensuring compliance with accounting standards, and analyzing financial data to support decision-making. Key responsibilities include bookkeeping, budgeting, tax preparation, and financial reporting. An accountant must be familiar with accounting principles such as GAAP or IFRS, depending on the jurisdiction.

Accountant/ Accounts Executive Accounting Standard

Ques:- What Is the Key of Accounting?

Asked In :- Performio, Brex, spi global, otn, behavox, rede partners llp,

Right Answer:
The key of accounting is the double-entry system, which ensures that every transaction affects at least two accounts, maintaining the accounting equation: Assets = Liabilities + Equity.

Accountant/ Accounts Executive General Management

Ques:- About Yourself & as per Cirriculum Vitae

Asked In :- MaxVal-IP Services, Kiran, willkie farr & gallagher llp, axa mansard, nbcc,

Right Answer:
I am a dedicated accounting professional with [X years] of experience in financial reporting, budgeting, and tax preparation. I hold a degree in [Your Degree] from [Your University] and have worked with [mention any relevant companies or industries]. My skills include proficiency in accounting software like [mention software], strong analytical abilities, and excellent attention to detail. I am committed to maintaining accuracy and compliance in financial practices.

Accountant/ Accounts Executive Reconcilation

Ques:- Reconcilation Statement Meaning

Asked In :- iq option europe ltd, capstone securities analysis pvt ltd, nmb bank limited,

Right Answer:
A reconciliation statement is a document that compares two sets of records to ensure they match and are accurate, typically used to verify the consistency between a company's financial records and bank statements.

Accountant/ Accounts Executive Audit

Ques:- Reporting amd Mis Reporting Stuffs

Asked In :- First American Corporation, Omega Healthcare, MNP LLP, Office of the Auditor General, Rajkot Nagarik Sahakari Bank, Drip Capital, Revenue Assurance Services, Bajaj Allianz Life Insurance, dnb, kpmg canada,

Right Answer:
Reporting refers to the accurate presentation of financial data and information, while misreporting involves the intentional or unintentional submission of incorrect or misleading financial information.

Account Payble Accountant/ Accounts Executive

Ques:- What you need to check before processing an invoice

Asked In :- Bhavna, Savantis, Chemist Warehouse, nCircle, DailyPay, hbl - habib bank limited,

Right Answer:
Before processing an invoice, you need to check the following:

1. Invoice accuracy (correct amounts, dates, and terms).
2. Receipt of goods or services (matching with purchase order).
3. Approval from the relevant department or manager.
4. Vendor details (correct name and address).
5. Payment terms and due date.
6. Any discrepancies or issues that need resolution.

Accountant/ Accounts Executive Accounting Standard

Ques:- What are 3 golden rules in accounting

Asked In :- Kiran, Starwood Capital, jet2.com, pwc luxembourg, lapo microfinance, the blackstone group, cleveland-cliffs inc, scottish power energy networks holdings ltd.,

Right Answer:
1. Debit what comes in, credit what goes out.
2. Debit the receiver, credit the giver.
3. Debit all expenses and losses, credit all incomes and gains.

Accountant/ Accounts Executive Accounting Standard

Ques:- What is dual concept

Asked In :- NISC Exports Services (p), GAIN Credit, Fantastic Furniture, RenMoney, future generali india life insurance co, bernhard schulte shipmanagement, oxford properties group,

Right Answer:
The dual concept in accounting refers to the principle that every transaction affects at least two accounts, ensuring that the accounting equation (Assets = Liabilities + Equity) remains balanced.

Accountant/ Accounts Executive Accounting Standard

Ques:- What is Accruals entry

Asked In :- CTPS, AllOptions, Netwealth Investments, spi global, piramal capital & housing finance,

Right Answer:
Accruals entry is an accounting adjustment made to record revenues and expenses that have been incurred but not yet recorded in the financial statements, ensuring that financial reports reflect the true financial position of a company during a specific period.

Accountant/ Accounts Executive Personal Questions round

Ques:- How to deal with customer?

Asked In :- StockEdge, defense contract management agency (dcma), dp world, home credit, ocwen financial solutions, sbi mutual fund, vantage fx,

Right Answer:
To deal with customers effectively, listen actively to their needs, communicate clearly, be polite and respectful, provide timely responses, and follow up to ensure their satisfaction.

Accountant/ Accounts Executive Reconcilation

Ques:- How to manage BRS

Asked In :- Happay, Shivalik Bank, Mako Trading Group, Reverse Logistics, assupol life, paragon bank,

Right Answer:
To manage Bank Reconciliation Statements (BRS), follow these steps:

1. **Collect Bank Statements**: Obtain the latest bank statement from the bank.
2. **Prepare Cash Book**: Have your cash book or ledger ready for the same period.
3. **Compare Transactions**: Match the transactions in the cash book with those in the bank statement.
4. **Identify Discrepancies**: Note any differences, such as outstanding checks, deposits in transit, or bank fees.
5. **Adjust Entries**: Make necessary adjustments in the cash book for any discrepancies identified.
6. **Reconcile Balances**: Ensure that the adjusted cash book balance matches the bank statement balance.
7. **Document Findings**: Keep a record of the reconciliation process and any adjustments made for future reference.
8. **Review Regularly**: Perform BRS regularly (monthly or quarterly) to maintain accurate records.

Account Payble Accountant/ Accounts Executive

Ques:- How to maintain creditors account

Asked In :- MaxVal-IP Services, Starwood Capital, bmw financial services, sterling bank plc, khimji kunverji & co., micro finance,

Right Answer:
To maintain creditors' accounts, regularly record all transactions related to purchases and payments, ensure accurate entry of invoices and credit notes, reconcile statements from suppliers, monitor payment due dates, and maintain clear communication with creditors regarding any discrepancies or payment issues.

The Accountant / Accounts Executive category on takluu.com is designed for professionals responsible for maintaining accurate financial records, handling accounts payable and receivable, and supporting financial audits. These roles are critical for the smooth functioning of an organization’s finance department.

This section covers essential topics including journal entries, ledger posting, bank reconciliation, invoicing, payroll processing, taxation basics, and preparation of financial statements. Interview questions also test knowledge of accounting principles (GAAP/IFRS), compliance regulations, and use of accounting software like Tally, QuickBooks, or SAP.

Candidates preparing for positions such as Junior Accountant, Accounts Executive, Finance Assistant, or Bookkeeper will find curated interview questions, practical scenarios, and tips on managing day-to-day accounting tasks efficiently.

Interviewers typically assess your accuracy, attention to detail, and understanding of financial processes. You may be asked to explain how you handle reconciliations, manage expense reports, or ensure timely submission of tax filings.

At Takluu, we provide detailed study materials and example questions to help you build confidence and demonstrate your competence in interviews.

Whether you are a fresher starting your career or an experienced professional seeking advancement, this category offers comprehensive preparation to help you succeed in accounting roles.

Questions in: Accountant/ Accounts Executive

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