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

Accountant/ Accounts Executive Accounting Standard

Ques:- What is basic general accounting.

Asked In :- SBI Life Insurance, HOOPP, Bny Mellon India Pvt Ltd, meridian credit union, mha macintyre hudson,

Right Answer:
Basic general accounting refers to the systematic process of recording, summarizing, and reporting financial transactions of a business. It includes maintaining financial records, preparing financial statements, and ensuring compliance with accounting principles and standards.

Accountant/ Accounts Executive Aptitude

Ques:- In Red Cross is symbolized as 'Red Cross'. In Arabian coutries which is symbolized by …………

Asked In :- EPFO, Happay, Aditya Birla Finance, Icici Securities Ltd, temasek, copenhagen infrastructure partners,

Right Answer:
Red Crescent

Accountant/ Accounts Executive Tax Assessment

Ques:- What is cenvat credit expain it

Asked In :- RGN Price, InCred, Farmers Insurance Group, TD Direct Investing International, Liberty Financial, pkf sridhar & santhanam, cleveland-cliffs inc, graham construction,

Right Answer:
CENVAT credit refers to the credit of excise duty paid on inputs, input services, and capital goods used in the manufacture of products. It allows manufacturers to reduce their tax liability by offsetting the excise duty they have already paid on these inputs against the duty payable on their final products.

Accountant/ Accounts Executive Aptitude

Ques:- Under what circumstances Centralisation and Decentralisation of authority is desirable ? discuss? Discuss your views with respect to hospitality industry.

Asked In :- OCCL, SNB, graeter's ice cream,

Right Answer:
Centralization is desirable when consistency, control, and uniformity are needed, such as in financial reporting and compliance in the hospitality industry. It ensures that policies and procedures are followed uniformly across all locations.

Decentralization is preferable when flexibility, quick decision-making, and responsiveness to local market conditions are important. In the hospitality industry, this allows individual hotels or restaurants to tailor services and promotions to meet local customer preferences and enhance guest experiences.

In summary, centralization is best for standardization and control, while decentralization is ideal for adaptability and local responsiveness.

Accountant/ Accounts Executive Audit

Ques:- Audit programme

Asked In :- BOM, Omega Healthcare, OfBusiness, Markel Insurance, Office of the Auditor General, Ralson India, V Singhi & Associates, VITAE International Accounting Services, banque misr, pwc luxembourg,

Right Answer:
An audit program is a detailed plan that outlines the specific procedures and steps auditors will follow to evaluate the financial statements and internal controls of an organization. It includes objectives, scope, timing, and resources needed for the audit.

Accountant/ Accounts Executive Tax Assessment

Ques:- When we have to pay purchase tax

Asked In :- Excise Department, airservices australia, genworks health,

Right Answer:
Purchase tax is typically paid when goods are purchased for resale or use in business operations, and it is usually due at the time of purchase or when the goods are received.

Accountant/ Accounts Executive Budgeting

Ques:- WHAT IS COST CENTER BUDGETING?

Asked In :- Basware India, Paperchase Accountancy India, Quess Corp, Anand Rathi, Ashiana Housing, BUP, Chambal Fertilisers, DFO, GAIN Credit, FinIQ Consulting,

Right Answer:
Cost center budgeting is a financial planning process where budgets are created for specific departments or units within an organization, focusing on controlling costs and managing expenses related to those areas. Each cost center is responsible for its own budget, which helps in tracking performance and ensuring efficient resource allocation.

Accountant/ Accounts Executive Tax Assessment

Ques:- What is difference btween Form-cForm-D,Form-h,excise,MODVAT, VAT? How many types of forms available?

Asked In :- Mother Dairy, CLA (CliftonLarsonAllen), rbc capital markets, south african reserve bank, sumup,

Right Answer:
Form C is used for inter-state sales of goods by registered dealers, allowing them to purchase goods at a reduced tax rate. Form D is for the purchase of goods by a registered dealer from a manufacturer or importer for use in the manufacture of goods. Form H is used for the purchase of goods for export.

Excise refers to a tax on the production or sale of specific goods within a country, while MODVAT (Modified Value Added Tax) was a system that allowed manufacturers to claim credit for the excise duty paid on inputs. VAT (Value Added Tax) is a consumption tax levied on the value added to goods and services at each stage of production or distribution.

There are various types of forms available, including but not limited to Form A, B, C, D, E, F, G, H, and others, depending on the specific tax and transaction type.

Accountant/ Accounts Executive Audit

Ques:- What are the different by which a new molecule can becharacterised ?

Asked In :- Ryan India Tax Services, Everest Bank, First American Corporation, Tax Assistant, T R CHADHA & CO, PRGX Global, Manning Elliott, Dominion Energy, ubs, coface,

Right Answer:
The different ways to characterize a new molecule include:

1. **Spectroscopy** (e.g., NMR, IR, UV-Vis)
2. **Mass Spectrometry**
3. **Chromatography** (e.g., HPLC, GC)
4. **X-ray Crystallography**
5. **Elemental Analysis**
6. **Nuclear Magnetic Resonance (NMR)**
7. **Chemical Reactivity Tests**
8. **Thermal Analysis** (e.g., TGA, DSC)

Accountant/ Accounts Executive Accounting Standard

Ques:- What happens to the bank rate during inflation ?(A)kept constant (B) Raised (C) Lowered (D) None of these

Asked In :- PMEP Consulting, lyondellbasell, au small finance bank, sustainalytics, equinox labs, mahathi infra services pvt. ltd.,

Right Answer:
(B) Raised

Accountant/ Accounts Executive Accounting Standard

Ques:- Principles of accounting with atleast one example for each.

Asked In :- Susquehanna International Group (SIG), bny mellon, leaseplan, sbi card, ho, lodha & co., xendit,

Right Answer:
1. **Entity Concept**: The business is treated as a separate entity from its owners. Example: A sole proprietorship's personal expenses are not recorded in the business accounts.

2. **Going Concern**: Assumes that the business will continue to operate indefinitely. Example: A company does not liquidate its assets unless it is facing bankruptcy.

3. **Accrual Basis**: Revenues and expenses are recorded when they are earned or incurred, not when cash is exchanged. Example: A company recognizes revenue when a service is performed, even if payment is received later.

4. **Consistency**: Accounting methods should be applied consistently over time. Example: If a company uses straight-line depreciation, it should continue to use this method in future periods.

5. **Matching Principle**: Expenses should be matched with the revenues they help to generate. Example: A company records advertising expenses in the same period as the sales generated from that advertising.

6. **Prudence (Conserv

Accountant/ Accounts Executive Aptitude

Ques:- Tell me about Indo china relation ?

Asked In :- QualiTLabs, mercury insurance, citrin cooperman, australiansuper, sggg fund services inc., rede partners llp,

Right Answer:
Indo-China relations refer to the diplomatic, economic, and cultural interactions between India and China. These relations have been complex, marked by historical conflicts, border disputes, and competition for regional influence. Despite these challenges, both countries engage in trade and dialogue, aiming to manage their differences and enhance cooperation in various sectors.

Accountant/ Accounts Executive Tax Assessment

Ques:- What is the entry for rent paid to company, provision for taxes in your books?,

Asked In :- Tally Solutions, CACIB, shv energy, austrac,

Right Answer:
The journal entries would be:

1. For rent paid to the company:
- Debit: Rent Expense
- Credit: Cash/Bank

2. For provision for taxes:
- Debit: Tax Expense
- Credit: Provision for Taxes Payable

Accountant/ Accounts Executive Tax Assessment

Ques:- Managing Director personal income tax is company exp ? inwhich a/c ledger we should debit MD income tax amount ?Property tax is exp. or liabilities ?

Asked In :- Connor Clark & Lunn, european court of auditors, cash money,

Right Answer:
The Managing Director's personal income tax is not a company expense; it should not be debited to any company account. Property tax is considered an expense.

Accountant/ Accounts Executive Tax Assessment

Ques:- What's the VAT percentage?

Asked In :- Dutch-Bangla Bank, trafigura, flow traders, digit insurance, tarmac,

Right Answer:
The VAT percentage varies by country; in many places, it ranges from 5% to 25%. Please specify the country for an accurate percentage.

Accountant/ Accounts Executive Aptitude

Ques:- Discuss the acceptance of Corporate Social Responsibility in business by Indian companies in recent years. Justify your answer by giving present practices.

Asked In :- PRAN-RFL, Urban Planet, Bega Cheese, nib bank, numaligarh refinery limited, buc-ee's, ltd., kinara capital, equitable bank,

Right Answer:
In recent years, Indian companies have increasingly accepted Corporate Social Responsibility (CSR) as a vital part of their business strategy. This shift is largely due to the Companies Act of 2013, which mandates that companies meeting certain criteria allocate at least 2% of their average net profits towards CSR activities.

Present practices include:

1. **Community Development**: Many companies engage in initiatives focused on education, healthcare, and rural development.
2. **Environmental Sustainability**: Firms are investing in green technologies and practices to reduce their carbon footprint.
3. **Employee Engagement**: Companies encourage employees to participate in volunteer programs and community service.
4. **Transparency and Reporting**: Businesses are increasingly publishing CSR reports to disclose their activities and impact, enhancing accountability.

Overall, CSR has become an integral part of corporate strategy for many Indian companies, reflecting a commitment to social and environmental responsibilities.

Accountant/ Accounts Executive Audit

Ques:- What are the basic requirement for the WHO audit?

Asked In :- SR Batliboi & Associates, Accelya, EYG, Mahagenco, Mahanagar Gas, anglogold ashanti, dfas, moss adams llp, bmw financial services, pwc hong kong and mainland china,

Right Answer:
The basic requirements for a WHO audit include:

1. Compliance with WHO guidelines and standards.
2. Documentation of processes and procedures.
3. Availability of records and reports.
4. Evidence of quality management systems.
5. Access to facilities and personnel for interviews.
6. Training and qualifications of staff involved in the processes.

Accountant/ Accounts Executive Tax Assessment

Ques:- What is the Intrest Rate for CST Delay Payment

Asked In :- TTN, CARE Ratings, Haitong International Securities Group, Dial A Bank, Capline, The Bharat Co-Operative Bank (Mumbai), harman finochem ltd, bitstamp,

Right Answer:
The interest rate for CST (Central Sales Tax) delay payment is typically 1.5% per month or part of a month, but it may vary by state. Please check the specific state's regulations for the exact rate.

Accountant/ Accounts Executive Company LawCompliance

Ques:- What is chart of account and how many charts of accounts canbe assigned to a company?

Asked In :- Commonwealth Bank of Australia, Nordea Bank, investcorp, mahajan & aibara, ambit capital,

Right Answer:
A chart of accounts is a list of all the accounts used by a company to organize its financial transactions. A company can have multiple charts of accounts, but typically, each company is assigned one primary chart of accounts.

Accountant/ Accounts Executive Tax Assessment

Ques:- How much tds is ok for drinking water

Asked In :- Panacea Medical Technologies, OfBusiness, dnb, partnerre, szabist, finicity, farallon capital management, carepay limited,

Right Answer:
The acceptable Total Dissolved Solids (TDS) level for drinking water is generally below 500 mg/L (milligrams per liter).

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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