Service tax is a tax levied by the government on the services provided by service providers. It is calculated as a percentage of the service fee charged to the customer.
Service tax is a tax levied by the government on the services provided by service providers. It is calculated as a percentage of the service fee charged to the customer.
Yes, MIS reporting refers to the process of collecting, analyzing, and presenting data to help management make informed decisions. It typically includes financial reports, performance metrics, and other key indicators relevant to the organization's operations.
Yes, I have knowledge of taxation, including tax laws, regulations, and compliance requirements.
Budgeting data is done by gathering historical financial information, estimating future revenues and expenses, setting financial goals, and creating a detailed plan that outlines how resources will be allocated over a specific period. This process often involves collaboration with various departments to ensure accuracy and alignment with organizational objectives.
Reconciliation is the process of comparing two sets of records to ensure they are in agreement and accurate, typically involving the matching of financial statements or accounts to identify any discrepancies.
Bill look up is a process that allows individuals or businesses to search for and retrieve specific billing information or invoices related to transactions, typically using a reference number or account details.
Reconciliation is the process of comparing two sets of records to ensure they match and are accurate, often used to verify financial statements against bank statements or internal accounts.
The 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.
Yes, I am familiar with Tally.
My areas of interest include tax compliance and planning, financial reporting, auditing processes, and staying updated on changes in tax laws and regulations.
In my last company, I was responsible for managing financial records, preparing reports, and ensuring compliance with accounting standards. I also assisted in audits and collaborated with other departments to support financial decision-making.
The rule of our company is to maintain integrity, accuracy, and transparency in all financial reporting and transactions.
The tax slab for salaried individuals in India for the financial year 2023-24 is as follows:
1. Income up to ₹2.5 lakh: Nil
2. Income from ₹2,50,001 to ₹5,00,000: 5%
3. Income from ₹5,00,001 to ₹10,00,000: 20%
4. Income above ₹10,00,000: 30%
Additionally, there is a rebate under Section 87A for individuals with income up to ₹5 lakh.
A manufacturing company produces goods, a sales company sells products, and a service company provides services rather than physical products.
log10 80 = log10 (8 × 10) = log10 8 + log10 10 = log10 (2^3) + 1 = 3 × log10 2 + 1 = 3 × 0.3010 + 1 = 0.9030 + 1 = 1.9030.
The amount of exemption of gratuity received at the time of retirement is up to ₹20 lakh under Section 10(10) of the Income Tax Act.
The next number in the series is 349.
The remainder will be 5.
The three golden rules of accounting are:
1. **Debit the receiver, credit the giver** (Personal accounts).
2. **Debit what comes in, credit what goes out** (Real accounts).
3. **Debit all expenses and losses, credit all incomes and gains** (Nominal accounts).
HDFC Bank was founded by Housing Development Finance Corporation (HDFC) in 1994.
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.