Karnavat & Co. Interview Questions and Answers

Q1. Standards on auditing and accounting standards
Ans. 
Standards on auditing and accounting standards
• Standards on auditing are guidelines for auditors to follow while conducting an audit

• Accounting standards are principles that govern the preparation of financial statements

• Both are issued by the Institute of Chartered Accountants of India (ICAI)

• Auditing standards ensure that the audit is conducted in a systematic and efficient manner

• Accounting standards ensure that financia...read more
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Q2. When is your ca attempt
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Q1. Why did you dicide to apply to this role ? tell me about your exprience? what did you like most about the job discription?
Ans. 
I see the role as a way of developing my career in a forward-thinking/well-established company/industry as I feel I will succeed in the role because I have experience in/softs skills that demonstrate, 1 years i have work experience for CA Firm.
Answered by bikki kumar
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Q1. Basic principles of account Heads of income ITR firms etc
Ans. 
Basic principles of accounting include double-entry system, matching principle, and accrual basis accounting. Heads of income refer to different sources of revenue. ITR firms are tax consulting firms.
• Basic principles of accounting: double-entry system, matching principle, and accrual basis accounting

• Heads of income: salary, interest, rent, capital gains, etc.

• ITR firms: tax consulting firms that help individuals and bus
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Duration: 30 minutes
Topics : Reasoning , maths and entries

Q1. What are your salary expectations?
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Q2. Tell me about yourself.
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Q3. About past experience and accounts and GST related questions.
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