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

Accountant/ Accounts Executive Tax Assessment

Ques:- Sales tax and TDS payable Period

Asked In :- florida blue, baiduri bank group, cellbios healthcare & lifesciences pvt. ltd,

Right Answer:
Sales tax is typically payable on a monthly or quarterly basis, depending on the jurisdiction, while TDS (Tax Deducted at Source) is usually payable on a monthly basis, by the 7th of the following month.

Accountant/ Accounts Executive Accounting Standard

Ques:- What is ledger, balance sheet & P& L

Asked In :- Ameriprise India, NISM, tp icap, joe & the juice, cashpor micro credit, aoa, sari sari store, gkp,

Right Answer:
A ledger is a book or digital record that contains all the accounts of a business, detailing all financial transactions. A balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. The profit and loss statement (P&L) summarizes the revenues, costs, and expenses over a period, showing the company's profitability.

Accountant/ Accounts Executive Cost Accounting

Ques:- What experience do you have with general ledger?

Asked In :- Hindalco, Prakash Kochar & Co, L&W Construction, Haldor Topsoe, Citibank, Jp Morgan Chase, Caparo India Ltd, sasol, qbe insurance, federal reserve bank of st. louis,

Right Answer:
I have experience in managing and maintaining the general ledger, including recording transactions, reconciling accounts, preparing journal entries, and ensuring accuracy in financial reporting. I am familiar with accounting software and have worked on month-end and year-end closing processes.

Accountant/ Accounts Executive Accounting Standard

Ques:- Of Abdul, Binoy, and Chandini: a)Each member belongs to the Tee family whose members always tell the truth or to the El family whose members always lie. b)Abdul says ''Either I belong or Binoy belongs to a different family from the other

Asked In :- Accelya, Corporate Finance Institute (CFI), Equitable Advisors, ey, great southern bank, guru & jana, aksia, bank of abyssinia s.c., fundrise, avara foods,

Right Answer:
Abdul belongs to the Tee family (truth-tellers), and Binoy belongs to the El family (liars).

Accountant/ Accounts Executive Cost Accounting

Ques:- Which of the following is not included in the government accounting Balance Sheet: 1) Asset, 2) Cost, 3) Liability, 4) Surplus.

Asked In :- ABN AMRO, IOOF, deutsche bank, axis bank, cohnreznick llp, au small finance bank, citrin cooperman, vanquis bank, beever and struthers, gain credit (formerly global analytics),

Right Answer:
2) Cost

Accountant/ Accounts Executive Cost Accounting

Ques:- How to change asset class in fixed asset module in SAP? I made a wrong entry regarding the asset class.

Asked In :- Bharat Benz, HNB Assurance, Fis Global Business Solutions India Pvt Ltd, Subros Ltd, deloitte australia, reserve bank of australia, clearwater analytics, man energy solutions, aci, omers private equity,

Right Answer:
To change the asset class in the fixed asset module in SAP, you can use the transaction code AS02 (Change Asset). Enter the asset number, select the "Asset Class" field, and then input the correct asset class. Save your changes to update the asset record.

Accountant/ Accounts Executive Aptitude

Ques:- General,logic and mathematics

Asked In :- PC Financial, millennium capital,

Right Answer:
Please provide the specific question you would like answered.

Accountant/ Accounts Executive Accounting Standard

Ques:- Accounts basics and reconciliation and accounting software related

Asked In :- PNB MetLife, irish league of credit unions, gkp,

Right Answer:
Accounts basics involve understanding the fundamental principles of accounting, such as the accounting equation (Assets = Liabilities + Equity), double-entry bookkeeping, and the preparation of financial statements (income statement, balance sheet, cash flow statement). Reconciliation is the process of comparing two sets of records to ensure they are in agreement, typically involving bank statements and accounting records. Accounting software helps automate these processes, making it easier to record transactions, generate reports, and perform reconciliations efficiently.

Accountant/ Accounts Executive Taxation

Ques:- WHAT IS DTC AND HOW IS IT DIFFERENCE FROM INCOME TAX?

Asked In :- Williams Lea India, Paperchase Accountancy India, Prakash Kochar & Co, GAIN Credit, Consero Global Solutions, Maple Leaf Foods, c.h. robinson, citrin cooperman, mahindra finance, william buck,

Right Answer:
DTC stands for Direct Tax Code, which is a proposed legislation in India aimed at simplifying and consolidating income tax laws. It differs from income tax in that DTC is a framework for how income tax should be structured and administered, whereas income tax is the actual tax levied on individuals and businesses based on their income.

Accountant/ Accounts Executive Accounting Standard

Ques:- WHAT IS DEPRECIATION ? WHY DEPRECIATION IN BUSINESS?

Asked In :- Bajaj Finserv Lending, National Stock Exchange of India, IDZ Digital, deliveroo,

Right Answer:
Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. It reflects the wear and tear, usage, or obsolescence of the asset. Businesses use depreciation to match the cost of the asset with the revenue it generates over time, which helps in accurately reporting profits and managing tax liabilities.

Accountant/ Accounts Executive Personal Questions round

Ques:- WHERE ARE YOU LIVING? WHAT IS YOUR FATHER?

Asked In :- Salvation Army Thrift Stores, aster dm healthcare, federal reserve bank of richmond, centenary bank, fitch solutions, mbd, trade finance bank, scrubbed,

Right Answer:
I am currently living in [Your City/Location]. My father is a [Your Father's Occupation].

Accountant/ Accounts Executive Reconcilation

Ques:- What is reconcile statement

Asked In :- Novel Office, Drip Capital, american family insurance, computershare, neuberger berman, clsa, ceylinco life,

Right Answer:
A reconcile statement is a document that compares two sets of records, such as bank statements and accounting records, to ensure they match and identify any discrepancies.

Accountant/ Accounts Executive Tax Assessment

Ques:- What is the difference between a financial year & an assessment year?

Asked In :- Tax Assistant, Ceat Tyre Ltd, sanlam, southwest gas corporation, georgia ports authority,

Right Answer:
A financial year is the period in which a business earns its income, typically running from April 1 to March 31 of the following year in India. An assessment year is the year following the financial year, during which the income earned in the financial year is assessed for tax purposes.

Accountant/ Accounts Executive Accounting Software

Ques:- Tally short cut keys.

Asked In :- Ryan India Tax Services, Chambal Fertilisers, PRAN-RFL, Tax Assistant, Redcliffe Life Sciences, Knowsley Council, Credibility, Chocolate San Churro, The Gayatri Co-operative Urban Bank, Weill Cornell Medical College in Qatar,

Right Answer:
Here are some common Tally shortcut keys:

1. **F1** - Help
2. **F2** - Date
3. **F3** - Company
4. **F4** - Contra
5. **F5** - Payment
6. **F6** - Receipt
7. **F7** - Journal
8. **F8** - Sales
9. **F9** - Purchase
10. **F10** - Export
11. **Ctrl + A** - Accept
12. **Ctrl + Q** - Quit
13. **Ctrl + I** - Inventory
14. **Alt + C** - Create
15. **Alt + D** - Delete

These shortcuts can help navigate and perform tasks more efficiently in Tally.

Accountant/ Accounts Executive Taxation

Ques:- PF and ESI deduction and employee and employer share

Asked In :- TTN, ESAF Small Finance Bank, InCred, Questrade, Rennova Solutions, axis bank, kpmg canada, ubl, skipton building society, personal capital,

Right Answer:
PF (Provident Fund) and ESI (Employee State Insurance) are deductions from an employee's salary for social security benefits.

1. **PF Deduction**:
- Employee's share: 12% of basic salary.
- Employer's share: 12% of basic salary (with 8.33% going to the pension fund).

2. **ESI Deduction**:
- Employee's share: 0.75% of gross salary.
- Employer's share: 3.25% of gross salary.

Accountant/ Accounts Executive Accounting Standard

Ques:- What is Journal entry, its usage?

Asked In :- Collaborative Solutions, Marsh McLennan, synchrony financial, s&p global, family bank ltd, pkf littlejohn, agc partners,

Right Answer:
A journal entry is a record of a financial transaction in accounting. It includes the date, accounts affected, amounts debited and credited, and a brief description. Journal entries are used to maintain accurate financial records and ensure that the accounting equation (Assets = Liabilities + Equity) remains balanced.

Account Payble Accountant/ Accounts Executive

Ques:- What do you understand by accounts payable?

Asked In :- FCI CCM, Allocator, avalara, nbcc, vantage fx,

Right Answer:
Accounts payable refers to the money a company owes to its suppliers or vendors for goods and services received but not yet paid for. It is a liability on the company's balance sheet and represents short-term financial obligations.

Accountant/ Accounts Executive Taxation

Ques:- TDS deduction on salary and advertisements

Asked In :- S S Kothari Mehta & Co, SAICA, Oaktree Capital Management, Mcb Bank, sampath bank, kpmg malaysia, pwc philippines, centenary bank, findex, rsm us llp,

Right Answer:
TDS (Tax Deducted at Source) on salary is deducted by the employer based on the employee's income tax slab, while TDS on advertisements is deducted at a rate of 2% for resident payees and 40% for non-resident payees.

Accountant/ Accounts Executive Accounting Standard

Ques:- WHAT IS RECEIPT AND PAYMENT ACCOUNT

Asked In :- Aditya Birla Finance, Dominion Energy, zerodha, kumari bank limited, global mobility tax, llp,

Right Answer:
A Receipt and Payment Account is a summary of all cash transactions of an organization over a specific period, showing total receipts (income) and total payments (expenses), typically used by non-profit organizations to track cash flow.

Accountant/ Accounts Executive Accounting Standard

Ques:- What is PBG & ABG in term of Contract for supply?

Asked In :- O P Jindal Global University, tmf group, nib bank, viking global investors,

Right Answer:
PBG stands for Performance Bank Guarantee, and ABG stands for Advance Bank Guarantee. Both are financial instruments used in contracts to ensure that the supplier fulfills their obligations. PBG guarantees the performance of the contract, while ABG secures the advance payment made to the supplier.

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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