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Bihar Rural Livelihoods Promotion Society Accountant Interview Questions and Answers
6 Interview questions
There are three main types of accounting: financial accounting, management accounting, and tax accounting.
Financial accounting focuses on preparing financial statements for external stakeholders.
Management accounting involves providing information to help internal management make decisions.
Tax accounting deals with tax-related matters such as tax planning and compliance.
Other specialized areas of accounting includ...
Outstanding rent is recorded as a liability in the books of accounts.
Outstanding rent is the rent that is due but not yet paid by the tenant.
It is recorded as a liability in the books of accounts.
The entry for outstanding rent is: Debit Rent Receivable and Credit Rent Income.
For example, if the rent due for the month of January is not paid by the tenant, it will be recorded as outstanding rent.
The outstanding rent...
0/1 and 1/0 are mathematical expressions representing division by zero.
0/1 is equal to 0
1/0 is undefined
Division by zero is not allowed in mathematics
Outstanding entries are shown in the liabilities section of the balance sheet.
Outstanding entries represent amounts owed by the company to its creditors or other parties.
These entries are typically recorded as accounts payable or accrued expenses.
Liabilities section of the balance sheet includes accounts payable, accrued expenses, and other outstanding obligations.
Examples of outstanding entries include unpaid inv...
Valuation of agriculture goods involves determining the fair market value of crops, livestock, and other agricultural products.
Factors that affect valuation include supply and demand, quality, and market conditions.
Valuation methods may include cost approach, market approach, and income approach.
Examples of agricultural products that may require valuation include corn, wheat, soybeans, cattle, and dairy products.
Livelihood refers to the means of supporting oneself and one's family through work or income.
It includes all the activities and resources that people use to earn a living.
Examples include farming, fishing, trading, and wage labor.
Livelihood can be affected by factors such as economic conditions, natural disasters, and government policies.
Sustainable livelihoods aim to ensure that people have access to the resource...
Bihar Rural Livelihoods Promotion Society Accountant Interview Experiences
3 interviews found
Selected
I applied via Recruitment Consulltant and was interviewed in Aug 2024. There was 1 interview round.
(2 Questions)
- Q1. What is accounting ?
- Ans.
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
Accounting involves recording financial transactions such as sales, purchases, and expenses.
It also includes summarizing and analyzing the financial data to prepare financial statements like balance sheets and income statements.
Accounting helps in providing insights into the financial health of a business ...
- Q2. How many types of accounting are there ?
- Ans.
There are three main types of accounting: financial accounting, management accounting, and tax accounting.
Financial accounting focuses on preparing financial statements for external stakeholders.
Management accounting involves providing information to help internal management make decisions.
Tax accounting deals with tax-related matters such as tax planning and compliance.
Other specialized areas of accounting include for...
Interview Preparation Tips
- Financial Accounting
- Accounting
- Account Management
- Tally ERP
I applied via Recruitment Consultant and was interviewed in Oct 2020. There were 3 interview rounds.
Interview Questionnaire
6 Questions
- Q1. What is entry of outstanding Rent??
- Ans.
Outstanding rent is recorded as a liability in the books of accounts.
Outstanding rent is the rent that is due but not yet paid by the tenant.
It is recorded as a liability in the books of accounts.
The entry for outstanding rent is: Debit Rent Receivable and Credit Rent Income.
For example, if the rent due for the month of January is not paid by the tenant, it will be recorded as outstanding rent.
The outstanding rent will...
- Q2. Where shown of outstanding entry in Balance sheet??
- Ans.
Outstanding entries are shown in the liabilities section of the balance sheet.
Outstanding entries represent amounts owed by the company to its creditors or other parties.
These entries are typically recorded as accounts payable or accrued expenses.
Liabilities section of the balance sheet includes accounts payable, accrued expenses, and other outstanding obligations.
Examples of outstanding entries include unpaid invoices...
- Q3. Difference between 0/1 and 1/0??
- Ans.
0/1 and 1/0 are mathematical expressions representing division by zero.
0/1 is equal to 0
1/0 is undefined
Division by zero is not allowed in mathematics
- Q4. Valuation of agriculture goods ??
- Ans.
Valuation of agriculture goods involves determining the fair market value of crops, livestock, and other agricultural products.
Factors that affect valuation include supply and demand, quality, and market conditions.
Valuation methods may include cost approach, market approach, and income approach.
Examples of agricultural products that may require valuation include corn, wheat, soybeans, cattle, and dairy products.
- Q5. What is livelihood??
- Ans.
Livelihood refers to the means of supporting oneself and one's family through work or income.
It includes all the activities and resources that people use to earn a living.
Examples include farming, fishing, trading, and wage labor.
Livelihood can be affected by factors such as economic conditions, natural disasters, and government policies.
Sustainable livelihoods aim to ensure that people have access to the resources and...
- Q6. Why is famous of Gaya??
- Ans.
Gaya is famous for its historical significance, religious sites, and cultural heritage, particularly in Hindu and Buddhist traditions.
Home to the Mahabodhi Temple, a UNESCO World Heritage Site, where Buddha attained enlightenment.
A pilgrimage site for Hindus, especially for performing the last rites of ancestors at the Falgu River.
Rich in history with ancient ruins and monuments, reflecting its importance in Indian cul...
Interview Preparation Tips
I applied via Company Website and was interviewed before Jul 2020. There was 1 interview round.
Interview Questionnaire
1 Question
- Q1. Passed written exam then after qualified interview and short listed through merit list.
Interview Preparation Tips
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- Q1. Why TFi? Why social impact?
- Ans.
TFi aligns with my passion for social impact, empowering communities through innovative solutions and sustainable practices.
TFi's mission resonates with my values of creating positive change in society.
The focus on sustainable development aligns with my belief in responsible resource management.
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Session plans for your role
(2 Questions)
- Q1. How would you behave in different situations
- Ans.
I adapt my behavior based on the situation, ensuring effective communication and collaboration with others.
In a team setting, I encourage open dialogue and actively listen to others' ideas to foster collaboration.
During a conflict, I remain calm and seek to understand different perspectives before proposing a solution.
In high-pressure situations, I prioritize tasks and maintain focus to ensure timely and effective outc...
- Q2. How would your friends describe you?
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- Q1. Tell me something about yourself
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Dynamic professional with 5 years of experience in management, skilled in team leadership and project execution.
Background in business administration with a focus on management.
Led a team of 10 in a successful project that increased sales by 20%.
Strong communication skills, facilitating effective collaboration across departments.
Passionate about continuous improvement and implementing innovative solutions.
- Q2. About your CTC and joining date
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Nasir Hydire
I applied via Newspaper Ad and was interviewed before Dec 2020. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Mostly basic accounts related questions and somehow related to Income tax and a few questions of current affairs.
- Q2. Accounting concepts, Preparation of cash account and Balance Sheet. Journal entries. Income from Salaries under Income-tax Act and eligible deductions u/s 80.
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Bihar Rural Livelihoods Promotion Society Interviews By Designations
- Bihar Rural Livelihoods Promotion Society Accountant Interview Questions
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Bihar Rural Livelihoods Promotion Society Accountant Reviews and Ratings
based on 13 reviews
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