Columbia Asia Interview Questions and Answers

Month end process refers to the activities that are performed at the end of each month to close the books and prepare financial statements.

• Reconciling accounts

• Posting adjusting entries

• Preparing financial statements

• Reviewing financial performance

• Closing the books

• Ensuring compliance with accounting standards

• Preparing for audits

To pass a provision entry, debit the expense account and credit the provision account. To reverse, do the opposite.

• Debit the expense account and credit the provision account to pass a provision entry

• To reverse, credit the expense account and debit the provision account

• Provision entries are made for expected expenses that have not yet been incurred

• Examples of provision entries include provision for bad debts, provi...read more

TDS rates vary depending on the type of payment and the recipient's status.

• TDS rate for salary income is based on the individual's income tax slab rate.

• TDS rate for rent payment is 10% if annual rent exceeds Rs. 2.4 lakhs.

• TDS rate for professional fees is 10% if payment exceeds Rs. 30,000 in a financial year.

• TDS rate for interest income is 10% if the interest exceeds Rs. 40,000 in a financial year.

• TDS rate for lot...read more

My daily routine involves planning and executing marketing strategies, analyzing market trends, and managing a team.

• Plan and execute marketing strategies

• Analyze market trends and consumer behavior

• Manage a team of marketing professionals

• Collaborate with cross-functional teams

• Monitor and evaluate marketing campaigns

• Stay updated with industry news and developments

Marketing initiatives can be categorized into different types based on their objectives and strategies.

• Traditional marketing initiatives involve traditional advertising methods like TV commercials, print ads, and billboards.

• Digital marketing initiatives focus on online platforms such as social media, search engine optimization, and email marketing.

• Content marketing initiatives involve creating and distributing val...read more