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Confiance BizSol Private
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Confiance BizSol Private Limited Accountant Interview Questions and Answers
Confiance BizSol Private Limited Accountant Interview Experiences
3 interviews found
Anonymous
Accounting Questions like Journal entries 10 Main Question need to answer of 8 Accurately out of 10
(2 Questions)
- Q1. Explain depreciation
- Ans.
Depreciation is the allocation of the cost of a tangible asset over its useful life.
Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.
It is used to spread the cost of an asset over its useful life to match the revenue it generates.
Common methods of calculating depreciation include straight-line, double declining balance, and units of production.
Example: A company purchases a d...
- Q2. Explain Credit Memo
- Ans.
A credit memo is a document issued by a seller to a buyer, reducing the amount owed by the buyer.
Credit memos are typically issued for returns, discounts, or errors in billing.
They serve as a record of the reduction in the amount owed by the buyer.
Credit memos are often used in accounting to adjust accounts receivable or accounts payable.
Example: A customer returns a defective product and receives a credit memo for the...
Normal writing test asking basics of accounting and prepare profit and loos account and balancesheet
Interview Preparation Tips
Manish Rathod
Selected
I applied via Walk-in and was interviewed in Mar 2023. There were 3 interview rounds.
(4 Questions)
- Q1. Technical questions
- Q2. What is the balance sheet?
- Ans.
The balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time.
It shows what a company owns (assets), what it owes (liabilities), and the residual interest of the owners (shareholders' equity).
The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity.
It helps assess a company's financial he...
- Q3. How many types of accounts ?
- Ans.
There are five types of accounts in US accounting: assets, liabilities, equity, revenue, and expenses.
Assets: resources owned by a company, such as cash, inventory, and property
Liabilities: debts or obligations owed by a company, such as loans and accounts payable
Equity: the residual interest in the assets of a company after deducting liabilities
Revenue: income generated from the sale of goods or services
Expenses: cost...
- Q4. What is the bank Reconciliation statement ?
- Ans.
Bank Reconciliation statement is a document that compares the bank statement with the company's cash records.
It helps identify any discrepancies between the bank statement and the company's records.
It ensures that the company's cash balance is accurate and complete.
It includes adjustments for outstanding checks, deposits in transit, bank fees, and other transactions.
The statement reconciles the ending balance on the ba...
(1 Question)
- Q1. About Salary , ask the personal details...
Interview Preparation Tips
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Interview Questionnaire
5 Questions
- Q1. A Big Bazaar store had low profits for the last two months. Whats going on?
- Ans.
Low profits in Big Bazaar store for last two months.
Check if there is a decrease in footfall or sales.
Analyze the competition in the area.
Check if there are any supply chain issues.
Evaluate the marketing strategies and promotions.
Assess the economic conditions of the area.
Consider the impact of COVID-19 on consumer behavior.
Review the store's inventory management and pricing strategies.
- Q2. Heres some data about the quantity of a particular item sold in a store for the last few weeks. Any thoughts?
- Q3. You have two brands of milk that you can sell in your store,. Which one would you pick?
- Ans.
I would pick the brand that has a higher quality and better taste.
Check the quality and taste of both brands
Consider the price of each brand
Look at the expiration date of both brands
Consider the popularity of each brand among customers
- Q4. Why do you want to work at Dunnhumby?
- Ans.
I am passionate about data-driven insights and Dunnhumby's reputation as a leader in customer data science.
I am impressed by Dunnhumby's innovative approach to customer data science
I am excited about the opportunity to work with a talented team of data analysts
I am drawn to Dunnhumby's reputation for delivering actionable insights to clients
I believe that Dunnhumby's focus on customer-centricity aligns with my own valu...
- Q5. Tell me about this particular internship that you did
Interview Preparation Tips
Experience: 70 people shortlisted probably by cv and pre-assessment test results.
Round: Group Discussion
Experience: 70 shortlisted candidates were divided into 10 groups of 10. GD started, we sat in a circle around a table. All of us were handed a booklet and rough sheets. The interviewers told us that the booklet had three sections. Each section contained some data about a company followed by a question. We, as a group had to answer the three questions within one hour. He, himself suggested that we take twenty minutes per section - 5 mins to go through the data, fifteen to discuss and come to a conclusion. The first section gave us an idea about the company and asked some general questions about decreasing costs. Generic case study stuff. The next two sections were quant heavy. Required us to do a lot of calculations albeit simple. We divided the task among the group members. Ran out of time before solving the third question. Interviewer stepped in and helped us reach a conclusion. We were asked to leave the rough sheet behind. One of the longest and most civil Gds that I have attended. A wonderful experience.
Tips: Try to help move the discussion forward. Draw out your calculations and tables in the rough sheet. Let others speak, one hour is enough time for everyone to shine :).
Round: Case Study Interview
Experience: One interviewer. Small talks about the GD. A moderately long case followed by two short cases. The cases involved some quants. Nothing fancy. I did not follow any framework but he did not seem to mind. He helped me out any place that i got stuck. Asked me about why Dunnhumby. Nailed this answer. Did not ask a lot a questions from my cv, just about an internship i had done at a startup. Asked me whether i was comfortable with coding, told him i had not coded since my first year at college. That was it. Shaked hands and asked me to wait outside. HR came and told me i got the job.
Tips: Think out loud. Whatever you are thinking when looking at the tables or numbers, just speak them out loud for the interviewer so that he knows your thought process. Learn about the company a little bit before showing up for the interview. I was asked only cases, I heard others were asked guesstimates as well.
General Tips: Case in Point is more than enough as far as preparation is concerned. A good CV and CGPA helps. Don't worry, I myself lacked both :P
Skills: Ability To Work In A Team, Case Solving Ability, Quant+Math
College Name: IIT Kharagpur
Motivation: Wanted a job as an analyst with a good work-life balance and a moderately good pay.
Interview Preparation Tips
Experience: Pre-Assesment Test conducted in my college.
Consists of Quant, Verbal and logical reasoning.
Students who scored good in this test and had CG above 7 are shortlisted
Tips: Cat preparation would help
Practice aptitude for two months prior to placement season
Round: Group Discussion
Experience: A case was given and should be solved by the group of 8 people in an hour.
They will closely monitor the group and select the students who provide right insights, direct the group in right direction.
Tips: Avoid talking just for sake of talking.
Understand the case and then summarize what you understood.
Speak you idea and also discuss other ideas.
Make sure that the invigilator understands that you are good with cases.
Read Case in point or other case books to get in touch with different cases.
Duration: 60 minutes
Round: Case Study Interview
Experience: Asked few questions like Why Dunnhumy? Type of profiles you applied for? Tell me about your childhood? and few basic HR questions.
Asked a profitability case problem.Even though I did not solve the entire problem, my approach was right.
Gave some data and asked my inference.
Asked to calculate a problem without using pen and paper.
Tips: You need to be good with numbers.
You need to show them that you have the enthusiasm to learn things.
Skill Tips: Go through any good case book.
Show them you enjoy numbers.
Show them you like this work.
Skills: Case Solving Ability, Number Crunching, Ability To Make Quick Calculations
College Name: IIT Kharagpur
I applied via Campus Placement and was interviewed in Oct 2024. There were 2 interview rounds.
A case study was given
(2 Questions)
- Q1. What is regression analysis?
- Ans.
Regression analysis is a statistical method used to examine the relationship between two or more variables.
It helps in understanding how the value of a dependent variable changes when one or more independent variables are varied.
It is used to predict the value of the dependent variable based on the values of the independent variables.
There are different types of regression analysis such as linear regression, logistic r...
- Q2. Few questions on python
Interview Preparation Tips
Selected
I appeared for an interview before Feb 2023.
(1 Question)
- Q1. Expectations with future
Awesomely we agreed
(2 Questions)
- Q1. How are your old skills going to help with this position
- Ans.
My old skills will help me excel in this position by providing a strong foundation and transferable expertise.
My experience in project management will enable me to effectively handle multiple tasks and meet deadlines.
My strong analytical skills will allow me to quickly identify and solve problems.
My excellent communication skills will help me collaborate with team members and clients.
My attention to detail will ensure ...
- Q2. What are you looking for
(1 Question)
- Q1. Series of questions and tests
Interview Preparation Tips
Tina Mittal
I applied via Campus Placement and was interviewed in Aug 2023. There were 3 interview rounds.
60 questions in 90 minutes( mathematics, quantitative, logical reasoning, english)
(1 Question)
- Q1. Didn't attend the interiew
I applied via Job Fair and was interviewed in Feb 2022. There was 1 interview round.
(6 Questions)
- Q1. What are your salary expectations?
- Q2. What is your family background?
- Q3. Why are you looking for a change?
- Q4. Where do you see yourself in 5 years?
- Q5. What are your strengths and weaknesses?
- Q6. Tell me about yourself.
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