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

Accountant/ Accounts Executive Accounting Standard

Ques:- What is your company process?

Asked In :- Eastman Chemical, Refract Consulting, nedbank, fannie mae, icici prudential amc ltd, carvana, afgri, bergen county academies, baiduri bank group, tranzact technologies inc.,

Right Answer:
Our company process involves the following steps:

1. **Transaction Recording**: All financial transactions are recorded in the accounting system.
2. **Reconciliation**: We regularly reconcile accounts to ensure accuracy.
3. **Financial Reporting**: Monthly and annual financial statements are prepared.
4. **Compliance**: We ensure adherence to accounting standards and regulations.
5. **Review and Analysis**: Financial performance is analyzed for insights and decision-making.
6. **Audit Preparation**: We prepare for internal and external audits to verify financial integrity.

Accountant/ Accounts Executive Personal Questions round

Ques:- Knowledge gained in overall job experience

Asked In :- Soneri Bank, Janus Henderson Investors, vitality uk, rak ceramics, rsm us llp, gic, esic,

Right Answer:
Throughout my job experience, I have gained a strong understanding of financial reporting, budgeting, and compliance. I've developed skills in using accounting software, analyzing financial data, and ensuring accuracy in financial statements. Additionally, I've learned the importance of effective communication and teamwork in achieving organizational goals.

Accountant/ Accounts Executive Personal Questions round

Ques:- Regarding Work, Experience, Education.

Asked In :- Gujarat Alkalies and Chemicals GACL, Pan Asia Bank, kotak securities, leeds building society, newday, investcorp, shv energy, atd, connect first credit union, epra,

Right Answer:
I have a degree in Accounting and over five years of experience in financial reporting and analysis. I have worked in both corporate and public accounting environments, where I developed strong skills in bookkeeping, tax preparation, and financial statement preparation.

Accountant/ Accounts Executive General Management

Ques:- How much experience you have in this field?

Asked In :- sharekhan, l&t finance, connells, qatar investment authority,

Right Answer:
I have [insert number] years of experience in this field.

Accountant/ Accounts Executive Accounting Standard

Ques:- Outstanding & Accrued income

Asked In :- InvestoSure, SEI Investments, South Pole Carbon Asset Management, bdo, reynolds & reynolds inc.,

Right Answer:
Outstanding income refers to income that has been earned but not yet received, while accrued income is income that has been recognized in the financial statements but not yet billed or collected.

Account Payble Accountant/ Accounts Executive

Ques:- What is Accounts payble

Asked In :- District Cooperative Central Bank DCCB, gsd, gcb bank limited, dmi finance private limited,

Right Answer:
Accounts payable is the money a company owes to its suppliers or vendors for goods and services received but not yet paid for.

Accountant/ Accounts Executive Accounting Standard

Ques:- Types of Assets

Asked In :- K Line Ship Management, tiaa, sbi card, cosec, scalable capital,

Right Answer:
There are two main types of assets:

1. **Current Assets** - Assets that are expected to be converted into cash or used up within one year, such as cash, accounts receivable, and inventory.

2. **Non-Current Assets** - Assets that are expected to provide value for more than one year, such as property, plant, equipment, and intangible assets.

Accountant/ Accounts Executive Accounting Standard

Ques:- Some practical knowledge of Journal

Asked In :- Booker Wholesale, Collaborative Solutions, Kiran Foreign Trade, Think 360, Iifl, wema bank plc, gus, topp business solutions, trade finance bank, h&t pawnbrokers,

Right Answer:
A journal is a detailed record of all financial transactions in chronological order. Each entry typically includes the date, accounts affected, amounts, and a brief description of the transaction. Journals serve as the first step in the accounting cycle before entries are posted to the ledger.

Accountant/ Accounts Executive Accounting Standard

Ques:- Three Golden Rule

Asked In :- purchasing power, gkp,

Right Answer:
The three golden rules of accounting are:

1. **Debit the receiver, credit the giver** - For personal accounts.
2. **Debit what comes in, credit what goes out** - For real accounts.
3. **Debit all expenses and losses, credit all incomes and gains** - For nominal accounts.

Accountant/ Accounts Executive Cost Accounting

Ques:- COSTING BASICS

Asked In :- Geojit, volvo construction equipment, jindal steel & power ltd., askari bank, barratt homes, hong kong exchanges and clearing limited (hkex), wns, cbi, nft, deccan fine chemicals pvt. limited,

Right Answer:
Costing basics refer to the methods and processes used to determine the total costs associated with producing a product or providing a service. This includes direct costs like materials and labor, as well as indirect costs like overhead. Common costing methods include job costing, process costing, and activity-based costing.

Accountant/ Accounts Executive Accounting Standard

Ques:- Knowledge about Tally ERP & Entry Upto B/S.

Asked In :- Apollo Global Management, Petrofac Ltd, johns manville, grant thornton ireland, fatface, golub capital,

Right Answer:
Tally ERP is accounting software that helps manage financial transactions, generate reports, and maintain books of accounts. "Entry up to B/S" refers to recording all financial transactions in Tally until the preparation of the Balance Sheet, ensuring that all ledgers are updated and accurate for financial reporting.

Accountant/ Accounts Executive Accounting Standard

Ques:- Knowledge about Finance?

Asked In :- natixis, milliporesigma, london metal exchange, mater misericordiae hospital,

Right Answer:
Finance involves managing money, including activities such as investing, borrowing, lending, budgeting, saving, and forecasting. It encompasses personal finance, corporate finance, and public finance, focusing on how individuals, businesses, and governments allocate resources over time.

Accountant/ Accounts Executive Reconcilation

Ques:- How can you reconcile your bank?

Asked In :- KKR,

Right Answer:
To reconcile your bank, follow these steps:

1. Obtain your bank statement and your accounting records.
2. Compare the transactions in your bank statement with those in your records.
3. Identify any discrepancies, such as missing transactions or errors.
4. Adjust your accounting records for any bank fees, interest, or errors.
5. Ensure that the ending balance in your records matches the ending balance on the bank statement.
6. Document any adjustments made for future reference.

Accountant/ Accounts Executive Cost Accounting

Ques:- What do know about cost?

Asked In :- Jai Balaji, Manubhai & Shah, brf, telesure group services, enoc, iko industries, newday, aci, mary brown's famous chicken and taters, cost engineering,

Right Answer:
Cost refers to the value of resources used to produce goods or services, including expenses such as materials, labor, and overhead. It is essential for determining pricing, profitability, and financial planning.

Accountant/ Accounts Executive Personal Questions round

Ques:- Do you apply for another job?

Asked In :- China Bank, The Gayatri Co-operative Urban Bank, Cascade Revenue Management (India), NatWest Group, bank ozk,

Right Answer:
Yes, I am exploring other opportunities to find the best fit for my skills and career goals.

Accountant/ Accounts Executive Accounting Software

Ques:- Have you worked with tally or other s/w

Asked In :- Mother Dairy, RELX Group, Varma & Varma, Matrix Business Services India, easyfinancial, Think 360, Bright Star, HIMT, Afresh, Revenue Assurance Services,

Right Answer:
Yes, I have worked with Tally and other accounting software such as QuickBooks and Zoho Books.

Accountant/ Accounts Executive Income Tax Returns

Ques:- Income tax act and rebate

Asked In :- Citibank, nib bank, bc pension corporation, rsm us llp, sggg fund services inc., cash wise foods,

Right Answer:
The Income Tax Act provides provisions for tax rebates, which are reductions in the amount of tax owed. One common rebate is under Section 87A, where individuals with a taxable income up to a specified limit can receive a rebate of up to ₹12,500, effectively reducing their tax liability to zero if their income is within that threshold.

Accountant/ Accounts Executive Taxation

Ques:- TDS rates on payment other then salary

Asked In :- Bangladesh Securities and Exchange Commission BSEC, World Bank, SNB, ocwen financial solutions, psg wealth, rashmi group, beever and struthers, mauritius revenue authority, audit partnership,

Right Answer:
TDS rates on payments other than salary vary based on the nature of the payment. Common rates include:

- Interest on securities: 10%
- Interest on bank deposits: 10%
- Rent: 10%
- Professional fees: 10%
- Commission: 5%
- Payments to contractors: 1% (for individual/HUF) or 2% (for others)

Please refer to the latest Finance Act for specific rates and any updates.

Accountant/ Accounts Executive Audit

Ques:- Which type of Audits you carried out during your internship?

Asked In :- Miramed Ajuba Solutions, Anand Rathi, T R CHADHA & CO, NISM, Bank Negara, Manning Elliott, Bnp Paribas India Solutions Pvt Ltd, yes bank, hamad medical corporation, phillips 66,

Right Answer:
During my internship, I carried out financial audits, compliance audits, and operational audits.

Accountant/ Accounts Executive Company LawCompliance

Ques:- What is the difference of Old schedule VI and New Schedule VI?

Asked In :- IRIS KPO RESOURCING INDIA PVT, Genworth, highradius, flour mills of nigeria, central finance, gkp,

Right Answer:
The main differences between Old Schedule VI and New Schedule VI are:

1. **Format**: New Schedule VI introduces a more structured format with separate sections for the balance sheet and profit & loss account, while the old format was less structured.

2. **Presentation**: New Schedule VI emphasizes clarity and comparability, requiring companies to present financial statements in a way that enhances understanding.

3. **Classification**: New Schedule VI requires a clearer classification of assets and liabilities into current and non-current categories, whereas the old schedule had less emphasis on this distinction.

4. **Disclosure Requirements**: New Schedule VI has expanded disclosure requirements, providing more detailed information about financial items.

5. **Terminology**: Some terms and definitions have been updated in the new schedule to align with international accounting standards.

Overall, New Schedule VI aims to improve transparency and consistency in financial reporting.

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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