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

Ques:- What was the Amendments in Budget 2013?

Asked In :- Money Honey Financial Services, Paperchase Accountancy India, Prakash Kochar & Co, S S Kothari Mehta & Co, SAICA, Al-Ahleia Switchgear Co, The Bharat Co-Operative Bank (Mumbai), Piper Sandler, personal capital, boq specialist,

Right Answer:
The key amendments in Budget 2013 included the introduction of the Goods and Services Tax (GST) framework, changes in tax slabs for individuals, increased tax on high-income earners, and measures to enhance compliance and reduce tax evasion. Additionally, there were changes in corporate tax rates and incentives for specific sectors like infrastructure and renewable energy.

Accountant/ Accounts Executive Reconcilation

Ques:- What is meaning of reconciliation?

Asked In :- RGCA, Property Guru (India), public investment fund (pif),

Right Answer:
Reconciliation is the process of comparing two sets of records to ensure they are in agreement and accurate, often used to verify financial statements against bank statements or internal accounts.

Accountant/ Accounts Executive Accounting Standard

Ques:- Why you want to do in finance department?

Asked In :- LIGHT PHARMA, state of oregon, grant thornton ireland, bank of tanzania,

Right Answer:
I want to work in the finance department because I am passionate about managing financial resources, analyzing data to support decision-making, and ensuring compliance with accounting standards. I believe my skills can contribute to the organization's financial health and success.

Accountant/ Accounts Executive Accounting Standard

Ques:- Explain excise return, sale tax return etc.

Asked In :- Junior Clerk, Peninsula, nib bank, khimji ramdas llc, paragon constructors pvt ltd, omp, cameron, sir ratan tata trust,

Right Answer:
An excise return is a document filed by businesses to report the amount of excise tax owed on goods produced or imported, typically related to specific products like alcohol, tobacco, or fuel. A sales tax return is a report submitted by sellers to the tax authorities detailing the sales made during a specific period and the sales tax collected from customers, which must be remitted to the government.

Accountant/ Accounts Executive Accounting Standard

Ques:- What is the accounting methods?

Asked In :- John Hancock, DailyPay, macquarie group, cipla, post bank uganda, accel-kkr, presco,

Right Answer:
The accounting methods are primarily of two types: cash basis accounting and accrual basis accounting. Cash basis accounting records revenues and expenses when cash is actually received or paid, while accrual basis accounting records revenues and expenses when they are earned or incurred, regardless of cash flow.

Accountant/ Accounts Executive Accounting Software

Ques:- What is the use of accounting software?

Asked In :- Offshore Accounting & Taxation Services, Synergy Consulting, easyfinancial, PMEP Consulting, V Singhi & Associates, Midland Microfinance, Ministry of Corporate Affairs, AFEX Group, Modulr, The Bharat Co-Operative Bank (Mumbai),

Right Answer:
Accounting software is used to manage financial transactions, track income and expenses, generate financial reports, automate bookkeeping tasks, and ensure compliance with accounting standards.

Accountant/ Accounts Executive Accounting Standard

Ques:- What is AS-2 & its implications?

Asked In :- Soneri Bank, hamad medical corporation, south african reserve bank, pwc middle east, aster medcity, bajaj finance ltd, frontline accounting, global mobility tax, llp,

Right Answer:
AS-2 refers to Accounting Standard 2, which deals with the valuation of inventories. Its implications include the requirement to measure inventories at the lower of cost and net realizable value, ensuring that inventory is not overstated on the balance sheet, and providing guidance on the determination of cost, including the allocation of overheads.

Accountant/ Accounts Executive Other

Ques:- What is operating cycle?

Asked In :-

Right Answer:
The operating cycle is the time it takes for a company to purchase inventory, sell it, and collect cash from customers.

Accountant/ Accounts Executive Accounting Standard

Ques:- What is accounting basic rules?

Asked In :- Bajaj Allianz General Insurance Co, citrin cooperman, echo managed services, platinum life pty ltd, euronet software solutions,

Right Answer:
The basic rules of accounting are:

1. **Double Entry System**: Every transaction affects at least two accounts, with one debit and one credit.
2. **Accrual Principle**: Revenues and expenses are recorded when they are earned or incurred, not when cash is exchanged.
3. **Consistency Principle**: Accounting methods should be applied consistently over time.
4. **Going Concern Principle**: Assumes that a business will continue to operate indefinitely.
5. **Matching Principle**: Expenses should be matched with the revenues they help to generate in the same period.

Accountant/ Accounts Executive MIS

Ques:- What are types of and periodically MIS?

Asked In :- georgia ports authority, authbridge research services, gus, pleo.io,

Right Answer:
Types of Management Information Systems (MIS) include:

1. **Operational MIS** - Supports daily operations.
2. **Tactical MIS** - Aids in short-term decision-making.
3. **Strategic MIS** - Assists in long-term planning and strategy.

Periodically, MIS can be categorized into:

1. **Daily Reports** - Generated every day.
2. **Weekly Reports** - Compiled weekly.
3. **Monthly Reports** - Summarized monthly.
4. **Quarterly Reports** - Prepared every quarter.
5. **Annual Reports** - Created yearly.

Accountant/ Accounts Executive Accounting Standard

Ques:- What’s the stock valued setup under Accounting Standard 2?

Asked In :- MDINDIA HEALTH INSURANCE TPA PVT, Tolani Maritime, Fantastic Furniture, fiera capital, nslc,

Right Answer:
Under Accounting Standard 2 (AS 2), stock is valued at the lower of cost and net realizable value (NRV). Cost includes all expenditures directly attributable to bringing the inventory to its present location and condition.

Accountant/ Accounts Executive Income Tax Returns

Ques:- What about know 26AS FORM as income tax rule?

Asked In :- TeamLease Services, SurePrep, Redcliffe Life Sciences, Equitable Life Insurance Company of Canada, absa, d&v philippines, s.i.,

Right Answer:
Form 26AS is a tax credit statement issued by the Income Tax Department of India. It contains details of tax deducted at source (TDS), tax collected at source (TCS), and advance tax payments made by a taxpayer. It helps individuals verify their tax payments and ensure that the income reported in their income tax returns matches the information available with the tax authorities.

Accountant/ Accounts Executive Taxation

Ques:- How much exemption limit of professional tax?

Asked In :- Inventurus Knowledge Solutions, Pramata, SNB, Kirtane & Pandit, Slater & Gordon UK, Peninsula, Newcastle Permanent, EisnerAmper, american family insurance, neuberger berman,

Right Answer:
The exemption limit for professional tax varies by state in India, but generally, it is ₹2,500 per month for salaried individuals.

Accountant/ Accounts Executive Reconcilation

Ques:- If cheaque payment has not cleared in bank a/c .How Will be disclose in cash book?

Asked In :- Bitla, rr donnelley, old mutual, florida blue, texas workforce commission, manappuram finance limited, central bank,

Right Answer:
In the cash book, the cheque payment will be recorded as a deduction from the cash balance but will be noted as "outstanding" or "uncleared" until it clears the bank.

Accountant/ Accounts Executive Taxation

Ques:- What are the due date for filing of quarterly TDS Return?

Asked In :- Geojit, Haldor Topsoe, Varma & Varma, MP Chitale & Co, UTS Consultants, China Bank, Vasan & Sampath, Mcb Bank, AmeriSave Mortgage, h&r block,

Right Answer:
The due dates for filing quarterly TDS returns are as follows:

- Q1 (April to June): July 31
- Q2 (July to September): October 31
- Q3 (October to December): January 31
- Q4 (January to March): May 15

Accountant/ Accounts Executive Accounting Software

Ques:- Have you worked on SAP, or can you easily be comfortable on the SAP?

Asked In :- Milliman India, NJ India, DCM Shriram, H & R Johnson (India), Matrix Business Services India, London Stock Exchange Group, Manning Elliott, SGV & Co, US Department of Veterans Affairs, Machani Group,

Right Answer:
Yes, I have worked on SAP and am comfortable using it.

Account Receivable Accountant/ Accounts Executive

Ques:- How would you control the account receivable?

Asked In :- Shriram Transport Finance, Khazana Jewellery, ICBC (Canada), GTAA, Edelweiss, entigrity solutions, we buy cars,

Right Answer:
To control accounts receivable, I would implement the following steps:

1. Establish clear credit policies and terms.
2. Regularly review customer creditworthiness.
3. Send timely and accurate invoices.
4. Monitor aging reports to track overdue accounts.
5. Follow up promptly on overdue payments.
6. Offer discounts for early payments if feasible.
7. Maintain open communication with customers regarding their accounts.
8. Use accounting software to automate reminders and track payments.

Accountant/ Accounts Executive Taxation

Ques:- What is the reverse charge mechanism and from when its implemented?

Asked In :- Ryan India Tax Services, Offshore Accounting & Taxation Services, K Line Ship Management, V Singhi & Associates, axis bank, pwc middle east, keystone bank limited, kpmg sri lanka, pwc philippines, pkf littlejohn,

Right Answer:
The reverse charge mechanism is a tax provision where the recipient of goods or services is responsible for paying the tax instead of the supplier. It was implemented in India on July 1, 2017, with the introduction of the Goods and Services Tax (GST).

Accountant/ Accounts Executive Reconcilation

Ques:- Are you comfortable for reconciliation of 80 customers?

Asked In :- Fantastic Furniture, dc advisory, singhvi, dev & unni, chartered accountants, quantifi, inc.,

Right Answer:
Yes, I am comfortable reconciling 80 customers.

Accountant/ Accounts Executive Personal Questions round

Ques:- What is your education qualification?

Asked In :- computershare, asx, trust bank limited, ramco cements ltd,

Right Answer:
I have a degree in Accounting from [Your University Name].

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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