Find Interview Questions for Top Companies
Ques:- How is budgeting data done?
Right Answer:
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.
Ques:- What do you mean by reconciliation?
Right Answer:
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.
Ques:- What are the golden rules of account?
Right Answer:
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.
Ques:- What are your areas of interests?
Right Answer:
My areas of interest include tax compliance and planning, financial reporting, auditing processes, and staying updated on changes in tax laws and regulations.
Ques:- What was your role in the last company?
Right Answer:
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.
Ques:- What is tax slab for the salaried person?
Right Answer:
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.
Ques:- What are the three golden rules of accounting?
Right Answer:
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).


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.

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