Find Interview Questions for Top Companies
Ques:- What is the advantage of MIS ?
Asked In :-
Right Answer:
The advantage of MIS (Management Information System) is that it provides timely and accurate information to help managers make informed decisions, improve efficiency, and enhance overall organizational performance.
Ques:- Explain about your native place?
Asked In :-
Right Answer:
I am from [Your Native Place], which is known for its [key features, such as culture, landmarks, or economy]. It has a rich history and is famous for [any notable aspects, like local cuisine or festivals]. The community is [describe the people or lifestyle briefly], and I have many fond memories growing up there.
Ques:- What is the process Vendor Reconciliation
Asked In :-
Right Answer:
Vendor reconciliation is the process of comparing and matching the records of a company’s accounts payable with the statements provided by its vendors. This involves verifying that the amounts owed to vendors in the company's books match the amounts reported by the vendors, identifying discrepancies, and resolving any differences to ensure accurate financial records.
Ques:- Define what is meant by the terms “capital” and “revenue” items in connection with fixed assets.
Right Answer:
Capital items refer to expenditures that are used to acquire or improve fixed assets, which provide long-term benefits, such as purchasing machinery or buildings. Revenue items, on the other hand, are expenses related to the day-to-day operations of a business, such as maintenance costs or utilities, which do not enhance the value of fixed assets.
Ques:- What is about Future Period and Adjustment Period?
Right Answer:
The Future Period refers to a time frame in accounting where transactions or budgets are planned for upcoming periods, while the Adjustment Period is the time allocated for making necessary corrections or adjustments to financial records before finalizing them for reporting.
Ques:- Explain cost sheet?
Right Answer:
A cost sheet is a detailed statement that outlines the total costs incurred in producing a product or providing a service. It typically includes direct costs (like materials and labor), indirect costs (like overhead), and provides a breakdown of costs per unit, helping businesses analyze and control expenses.
Ques:- Compare Financial Accounting and Cost Accounting?
Right Answer:
Financial Accounting focuses on reporting the overall financial performance and position of a business to external stakeholders through standardized financial statements, while Cost Accounting analyzes the costs of production and operations to help internal management make informed decisions for budgeting and efficiency improvements.
Ques:- What is the difference between count function and sum function ?
Right Answer:
The COUNT function counts the number of cells that contain numbers or non-empty values, while the SUM function adds together all the numeric values in a range of cells.
Ques:- How to calculate tds on salary by company ?
Right Answer:
To calculate TDS (Tax Deducted at Source) on salary by a company, follow these steps:

1. **Determine Gross Salary**: Calculate the total gross salary, including basic pay, allowances, bonuses, etc.

2. **Calculate Deductions**: Identify eligible deductions under sections like 80C, 80D, etc., to reduce taxable income.

3. **Compute Taxable Income**: Subtract the deductions from the gross salary to get the taxable income.

4. **Apply Income Tax Slabs**: Use the applicable income tax slabs to calculate the income tax on the taxable income.

5. **Consider Rebate and Cess**: Apply any rebates (like under section 87A) and add applicable health and education cess.

6. **Determine TDS Amount**: The final amount calculated is the TDS to be deducted from the salary.

7. **Monthly Deduction**: Divide the annual TDS amount by 12 to get the monthly
Ques:- What is a FIFO System?
Asked In :-
Right Answer:
FIFO stands for "First In, First Out." It is an inventory valuation method where the oldest inventory items are sold or used first, ensuring that the costs associated with the oldest stock are recorded as expenses before newer stock.
Ques:- How do you managed your duties in your previous company?
Asked In :-
Right Answer:
In my previous company, I managed my duties by prioritizing tasks based on urgency and importance, using project management tools to track progress, maintaining clear communication with team members and stakeholders, and regularly reviewing and adjusting my workload to meet deadlines effectively.
Ques:- Why is it against the law for a man living in England to be buried in Wales?
Asked In :-
Right Answer:
Because he is still alive.


An Accounts Manager is a pivotal role in any business, serving as the critical link between an organization and its clients. This professional is responsible for building and nurturing long-term relationships with key customers, ensuring their satisfaction, and ultimately contributing to the company’s financial health and growth. Their work goes beyond mere customer service; they are strategic partners who understand the client’s business, anticipate their needs, and proactively offer solutions that align with their goals.

The core responsibilities of an Accounts Manager are multifaceted. First and foremost is relationship management. They act as the primary point of contact, handling client inquiries, concerns, and requests with professionalism and efficiency. This requires excellent communication skills, a deep understanding of the client’s industry, and the ability to build trust and rapport. They regularly meet with clients, both in person and virtually, to review progress, present new products or services, and gather feedback.

Beyond managing existing relationships, an Accounts Manager is often tasked with identifying new business opportunities within their client base. They are skilled in upselling and cross-selling, recognizing when a client could benefit from an expanded suite of services or a different product offering. To achieve this, they must possess a thorough knowledge of their company’s products and services, as well as a keen understanding of market trends and competitive landscapes. They often work closely with sales, marketing, and technical teams to ensure a seamless and integrated client experience.

Another crucial aspect of the role is financial management. Accounts Managers are typically responsible for managing budgets, negotiating contracts, and ensuring timely payments. They analyze client data to track performance, identify potential risks, and develop strategies to improve profitability and client retention. They are a client’s advocate within the company, but they also represent the company’s interests to the client, balancing both perspectives to achieve mutually beneficial outcomes. In essence, an Accounts Manager is a strategic professional who combines sales acumen, client-relations expertise, and business management skills to ensure client satisfaction and drive sustainable business growth.

AmbitionBox Logo

What makes Takluu valuable for interview preparation?

1 Lakh+
Companies
6 Lakh+
Interview Questions
50K+
Job Profiles
20K+
Users