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

Accountant/ Accounts Executive Personal Questions round

Ques:- Education Qualification, years of experience,

Asked In :- Britannia, SGV & Co, AmeriSave Mortgage, lpl financial, jefferies, federal reserve bank of richmond, lhv,

Right Answer:
I have a Bachelor's degree in Accounting and 5 years of experience in the field.

Ques:- In the om logistics ltd. which tax is to be treated

Asked In :- Manning Elliott, Wipfli, PearlArc, alliantgroup, LP, Brex, Envestnet, the hong kong jockey club, crowe horwath llp, ameriprise financial, findex,

Right Answer:
The tax to be treated in Om Logistics Ltd. would typically include Goods and Services Tax (GST) and Income Tax.

Accountant/ Accounts Executive Income Tax Returns

Ques:- What is Income Tax?

Asked In :- Bank Rakyat, zehrs, JOCATA FINANCIAL ADVISORY & TECHNOLOGY SERVICES, Burlington Stores, rsm uk, parks canada, tata chemicals, nucor steel,

Right Answer:
Income tax is a tax imposed by the government on the income earned by individuals and businesses.

Accountant/ Accounts Executive Aptitude

Ques:- What is a Show Stopper?

Asked In :- cipla, au small finance bank, euronet software solutions,

Right Answer:
A show stopper is a critical issue or problem that prevents a project or process from continuing or being completed.

Account Receivable Accountant/ Accounts Executive

Ques:- ACCOUNTS RECEIVABLE AND PAYABLE

Asked In :- ITC Indian Tobacco Company, Cast & Crew, Crisil Ltd, Washington DC Government, franklin templeton investments, anand rathi securities, asia united bank, marketaxess, icea lion group,

Right Answer:
Accounts Receivable refers to the money owed to a company by its customers for goods or services delivered, while Accounts Payable refers to the money a company owes to its suppliers or creditors for purchases made.

Accountant/ Accounts Executive Accounting Standard

Ques:- WHAT DO YOU MEAN BY STANDARD ACCOUNTING

Asked In :- isda, cameron, scrubbed,

Right Answer:
Standard accounting refers to the established principles and guidelines that govern financial reporting and accounting practices, ensuring consistency, transparency, and comparability in financial statements.

Accountant/ Accounts Executive Taxation

Ques:- DEFINE IN DETAIL ABOUT TAXATION AND USE OF TAX

Asked In :- SR Batliboi & Associates, S S Kothari Mehta & Co, MP Chitale & Co, Grameen Bank, Manba Finance, atb financial, kpmg canada, bdo uk llp, inland revenue nz, william blair,

Right Answer:
Taxation is the process by which governments collect money from individuals and businesses to fund public services and infrastructure. Taxes can be levied on income, property, sales, and various transactions. The primary uses of tax revenue include funding education, healthcare, transportation, defense, and social services, as well as maintaining public order and supporting economic stability.

Accountant/ Accounts Executive Tax Assessment

Ques:- What is deferred tax asset or libility ? please help with the best one answer u have. thanks all

Asked In :- Nations Trust Bank, future generali india life insurance co, crowe horwath llp, rystad energy,

Right Answer:
A deferred tax asset is an amount that can reduce future tax payments, arising from overpayment or tax deductions that can be claimed later. A deferred tax liability, on the other hand, is a tax obligation that will be settled in the future, resulting from income that has been recognized but not yet taxed.

Accountant/ Accounts Executive Accounting Standard

Ques:- What is carriage inwards?

Asked In :- iServeU (India), state of oregon, credit acceptance, flow traders, symmetry financial group,

Right Answer:
Carriage inwards refers to the transportation costs incurred to bring goods or materials into a business or warehouse.

Account Payble Accountant/ Accounts Executive

Ques:- What is debit and credit from the banks point of view ?

Asked In :- Ameriprise India, Dutch-Bangla Bank, Property and Casualty Insurance Compensation, fatface,

Right Answer:
From the bank's point of view, a debit is a decrease in the bank's liabilities (money owed to customers), while a credit is an increase in the bank's assets (money the bank owns).

Accountant/ Accounts Executive Income Tax Returns

Ques:- How much of rupees income tax in assets?

Asked In :- Ministry of Corporate Affairs, Trade Finance Solutions, reynolds & reynolds inc.,

Right Answer:
The income tax on assets in India is generally calculated based on the income generated from those assets, not the assets' value itself. The applicable tax rate depends on the individual's total income and the relevant tax slabs.

Accountant/ Accounts Executive Cost Accounting

Ques:- What is the use of Delivery Note?

Asked In :- T R CHADHA & CO, SFH Nigeria, Caparo India Ltd, shahi exports pvt ltd, axa mansard, fiera capital, cost engineering, ecd, pqc, ceramic industries,

Right Answer:
A Delivery Note is used to confirm the delivery of goods to a customer, providing details about the items delivered, their quantities, and serving as proof of delivery.

Accountant/ Accounts Executive Tax Assessment

Ques:- What is the benfit of c form

Asked In :- CCS Fundraising, Machani Group, icea lion group, symmetry financial group,

Right Answer:
The benefit of a C Form is that it allows a buyer to purchase goods at a reduced tax rate (usually 2% or less) when buying from a registered dealer in another state, helping to lower the overall cost of goods.

Accountant/ Accounts Executive Tax Assessment

Ques:- What are advance tax and self assessment tax? Why are these paid?

Asked In :- Wellness Forever, Revenue Assurance Services, fisher investments, sbi mutual fund, lodha & co., pphi,

Right Answer:
Advance tax is a tax paid in installments on income earned during the financial year, rather than at the end of the year. Self-assessment tax is the tax that taxpayers calculate and pay on their own after assessing their total income and tax liability. Both are paid to ensure timely payment of taxes and to avoid penalties for underpayment.

Accountant/ Accounts Executive Aptitude

Ques:- At present, who is the watchdog of international trade?(1) The World Bank(2) WTO(3) GATT(4) IMF

Asked In :- Consero Global, Godrej Agrovet, Mahagenco, pwc canada, pricewaterhousecoopers - service delivery center (pwc sdc), apex fund services (group) ltd., intertrust,

Right Answer:
(2) WTO

Comments

JOSE Sep 16, 2021

WTO

Accountant/ Accounts Executive Accounting Standard

Ques:- What is a contra entry?

Asked In :- Hitachi Capital (UK), Jazz Aviation, Cosmos Bank, Aditya Birla Housing Finance, PeryCap, KPMG Corporate Finance, bank of england, rbl bank, bdf, diamond trust bank,

Right Answer:
A contra entry is a transaction that involves both a debit and a credit in the same account, typically used to record transactions that offset each other, such as transferring money between bank accounts.

Accountant/ Accounts Executive Accounting Standard

Ques:- What is accounting standard?

Asked In :- selfridges, js bank, dav public school, aegis, genworks health, sundry foods limited, fccs,

Right Answer:
An accounting standard is a set of guidelines and rules that companies must follow when preparing their financial statements, ensuring consistency, transparency, and comparability in financial reporting.

Account Payble Accountant/ Accounts Executive

Ques:- What is account payable?

Asked In :- Leyton, Fantastic Furniture, s&p global market intelligence, mecon limited, india, hong kong exchanges and clearing limited (hkex), kumari bank limited,

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

Account Payble Accountant/ Accounts Executive

Ques:- What is accounting equation?

Asked In :- Shivalik Bank, Atlas Outsourcing, Dillon Consulting, parks canada,

Right Answer:
The accounting equation is: Assets = Liabilities + Equity.

Account Receivable Accountant/ Accounts Executive

Ques:- What is bills receivables?

Asked In :- KAS, seaoil philippines, inc., kinara capital, lc,

Right Answer:
Bills receivable are written promises from customers to pay a specific amount of money at a future date, typically for goods or services provided on credit.

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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