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

Accountant/ Accounts Executive Accounting Standard

Ques:- What is the income statement?

Asked In :- pricewaterhousecoopers - service delivery center (pwc sdc), deloitte malaysia, guru & jana, bankserv,

Right Answer:
The income statement is a financial report that shows a company's revenues, expenses, and profits or losses over a specific period of time.

Account Payble Accountant/ Accounts Executive

Ques:- What is a blank check?

Asked In :- SHCIL SERVICES, qbe insurance, cbe, bop, acumatica,

Right Answer:
A blank check is a check that has been signed by the issuer but does not have a specified amount written on it, allowing the recipient to fill in any amount they choose.

Account Receivable Accountant/ Accounts Executive

Ques:- What is a blank endorsement?

Asked In :- AvenDATA GmbH, SurePrep, angel broking, norbrook laboratories ltd, tradestation, valuation office agency,

Right Answer:
A blank endorsement is when the payee signs their name on the back of a check without specifying a particular endorsee, allowing anyone to cash or deposit the check.

Accountant/ Accounts Executive Taxation

Ques:- What do you know about CENVAT?

Asked In :- IMFA, Apar Industries, Matrix Business Services India, Leyton, Collaborative Solutions, blackhawk network, franchise tax board, zambia revenue authority, mha macintyre hudson, wealthsimple,

Right Answer:
CENVAT, or Central Value Added Tax, is a tax on the value added to goods and services in the manufacturing process. It allows manufacturers to claim credit for the tax paid on inputs, which can be used to offset the output tax liability. This system is designed to avoid the cascading effect of taxes and promote seamless credit flow in the supply chain.

Accountant/ Accounts Executive Accounting Standard

Ques:- About the 3 golden rule of account

Asked In :- BUP, UTS Consultants,

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 Expenses and Losses, Credit Income and Gains** - For nominal accounts.

Accountant/ Accounts Executive Income Tax Returns

Ques:- What do you know about VAT?

Asked In :- SAICA, South Pole Carbon Asset Management, coface, albourne partners, public investment fund (pif), gat, food concepts plc,

Right Answer:
VAT, or Value Added Tax, is a consumption tax levied on the value added to goods and services at each stage of production or distribution. It is charged at each point of sale, and businesses can reclaim the VAT they pay on their purchases, making it ultimately a tax on the final consumer.

Accountant/ Accounts Executive Reconcilation

Ques:- What are Contingent liabilities

Asked In :- FLO, labcorp clinical trials, nmb bank limited,

Right Answer:
Contingent liabilities are potential obligations that may arise in the future depending on the outcome of a specific event, such as a lawsuit or warranty claim. They are not recorded in the financial statements but are disclosed in the notes if they are probable and can be reasonably estimated.

Accountant/ Accounts Executive Budgeting

Ques:- What do you understand by Working Capital Management (WCM)?

Asked In :- CBRE South Asia, ADNOC Abu Dhabi National Oil Company, AR Rahman Foundation, Bapco Bahrain Petroleum Company, DataCore, Himatsingka Seide, Itd Cementation India, KFCSC, PVC, Sobha Developers,

Right Answer:
Working Capital Management (WCM) refers to the process of managing a company's short-term assets and liabilities to ensure it has sufficient liquidity to meet its operational expenses and short-term financial obligations. It involves optimizing the levels of inventory, accounts receivable, and accounts payable to maintain a healthy cash flow.

Accountant/ Accounts Executive Personal Questions round

Ques:- WHY ARE YOUR LEFT CURRENT JOB.

Asked In :- AXA XL, cag, lendingkart, gic,

Right Answer:
I am looking for new challenges and opportunities for growth that align more closely with my career goals.

Accountant/ Accounts Executive Accounting Standard

Ques:- WHAT IS THE ACCOUNT GOLDEN RULE .

Asked In :- US Department of Veterans Affairs, Bfl, brisbane city council, concern worldwide, bop, cashpor micro credit,

Right Answer:
The accounting golden rule is: "Debit the receiver, credit the giver."

Accountant/ Accounts Executive Aptitude

Ques:- ?Ghasiram Kotwal? was written by

Asked In :- Invesco, Britannia, Raam Group, cr, bergen county academies, security bank, tarmac,

Right Answer:
Ghasiram Kotwal was written by Vijay Tendulkar.

Accountant/ Accounts Executive Accounting Standard

Ques:- What will be the transaction of “Commission of Rs. 5000 paid to X after deducting TDS of Rs. 200.”

Asked In :- KAS, vakilsearch, Eli Lilly Company India Pvt Ltd, caresoft global, chicago trading company, joe & the juice, credence analytics, jmi equity,

Right Answer:
The transaction will be recorded as follows:

1. Commission Expense: Rs. 5000
2. TDS Payable: Rs. 200
3. Cash/Bank: Rs. 4800 (Rs. 5000 - Rs. 200)

Accountant/ Accounts Executive Accounting Standard

Ques:- Is 4% input vat adjusted with 12.5% output vat?

Asked In :- Ryan India Tax Services, cmc markets, shawbrook bank, beacon pharmaceuticals ltd.,

Right Answer:
No, 4% input VAT cannot be directly adjusted with 12.5% output VAT. They are calculated separately based on their respective rates.

Accountant/ Accounts Executive Accounting Standard

Ques:- Why input CST are not adjustable with output CST?

Asked In :- Chambal Fertilisers, HOOPP, Zelis, usli, australiansuper, family bank ltd, manitoba liquor & lotteries corporation, mahajan & aibara,

Right Answer:
Input CST (Central Sales Tax) is not adjustable with output CST because they are governed by different tax jurisdictions. Input CST is applicable on inter-state purchases, while output CST is collected on inter-state sales. Adjustments can only be made between input and output taxes of the same type and jurisdiction.

Accountant/ Accounts Executive Accounting Standard

Ques:- What is abatement for service tax?

Asked In :- Piper Sandler, dnb, coface, rbl bank, spendesk,

Right Answer:
Abatement for service tax refers to a reduction in the taxable value of certain services, allowing service providers to pay tax on a lower amount. This is applicable to specific services as defined by the government, where a percentage of the total service value is exempt from tax.

Accountant/ Accounts Executive Accounting Standard

Ques:- Is service tax for purchase and for sale adjustable?

Asked In :- MNP LLP, Vasan & Sampath, Crisil Ltd, dscl, fraternal order of eagles,

Right Answer:
Yes, service tax paid on purchases can be adjusted against the service tax collected on sales, subject to certain conditions and regulations.

Accountant/ Accounts Executive Reconcilation

Ques:- BANK RECONCILING, BRANCH ACCOUNTS & RECONCILING, UNITS RECONCILING

Asked In :- Money Honey Financial Services, ubs, afgri, tarmac, electronica finance limited,

Right Answer:
Bank reconciliation involves comparing the bank statement with the company's financial records to identify discrepancies. Branch accounts require tracking transactions for each branch separately, ensuring all income and expenses are accurately recorded. Reconciling units involves verifying that all transactions and balances for different units or departments match the central accounts, ensuring consistency and accuracy across the organization.

Accountant/ Accounts Executive Accounting Standard

Ques:- How many years experience you have in accounts field?

Asked In :- Shriram Finance, HOOPP, defense contract management agency (dcma), anand rathi securities, usli, nerc, park square capital, central bank, tresvista financial services,

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

Accountant/ Accounts Executive Reconcilation

Ques:- What is the bank reconciliation?

Asked In :- Everest Bank, london stock exchange group (lseg), laser clinics australia,

Right Answer:
Bank reconciliation is the process of comparing and matching the balances in an entity's accounting records to the corresponding information on a bank statement. This helps identify any discrepancies, such as outstanding checks or deposits in transit, ensuring that the financial records are accurate and up to date.

Accountant/ Accounts Executive Income Tax Returns

Ques:- What is rate of tds?

Asked In :- GAIN Credit, Vontobel, Wheelseye Technology, Eli Lilly Company India Pvt Ltd, empower retirement, sustainalytics, nbcc, kinder morgan pipeline, innocap, stima sacco society ltd,

Right Answer:
The rate of TDS (Tax Deducted at Source) varies depending on the type of income and the applicable provisions of the Income Tax Act. Common rates include 10% for interest on securities, 10% for professional fees, and 30% for certain payments to non-residents. Please refer to the latest tax guidelines for specific rates.

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

What makes Takluu valuable for interview preparation?

Get Our Mobile App

Programming

Reasoning

Network & Telecom

Management

What makes Takluu valuable for interview preparation?