Kirtane & Pandit Accountant Interview Questions and Answers

Q1. Accounting entries
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Q2. Basic accounting principles
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Q1. Basic accounting principles
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Q1. Basic accounting principles
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Q1. TELL ME ABOUT YOURSELF
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Q2. ARE YOU COMFORTABLE WITH WAZIRPUR LOCATION
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Q3. WHAT ARE THE 3 GOLDEN RULES OF ACCOUNTING
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Q1. WHAT IS BOOK KEEPING
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Q2. Where do you live
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Basic question on accounting and fundamental of accounting

Q1. Fundamental accounting question are asked at least be hiring mangaer
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Fundamental accounting questions assess knowledge of basic principles and practices essential for effective financial management.
• Understanding the accounting equation: Assets = Liabilities + Equity.

• Knowledge of the double-entry system, where every transaction affects at least two accounts.

• Familiarity with financial statements: balance sheet, income statement, and cash flow statement.

• Ability to explain accrual vs. cash ...read more
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Q2. Nothing special is asked by team
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Q1. Asked me GST,TDS related questions.
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Q2. Related MIS questions
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Q1. What is depreciation, accrual, prepayment?
Ans. 
Depreciation is the allocation of the cost of an asset over its useful life, accrual is recognizing revenue and expenses when they are incurred, and prepayment is paying for expenses before they are incurred.
• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet over time.

• Accrual accounting matches revenue and expenses to the period they are incurred, not when cash is exchanged.

• Prepa...read more
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Q2. Diffence between test of details and controls?
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Test of details focuses on specific transactions or account balances, while controls test the effectiveness of internal controls.
• Test of details involves examining individual transactions or account balances to ensure accuracy and completeness.

• Controls testing evaluates the effectiveness of internal controls in preventing or detecting errors or fraud.

• Test of details may involve confirming account balances with third pa...read more
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Q3. Audit procedures for purchase cycle, payroll?
Ans. 
Audit procedures for purchase cycle and payroll involve verifying transactions, reconciling accounts, and testing internal controls.
• Verify purchase orders, invoices, and payments match

• Reconcile accounts payable ledger to vendor statements

• Test segregation of duties in payroll processing

• Review payroll register for accuracy and completeness

• Confirm payroll taxes are properly withheld and remitted
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Q4. Revenue recognition as per IFRS?
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Q5. What is deferred tax and why deferred tax?
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Q1. Why you want to join BDO?
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Q2. What is the reason for applying for this position?
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Q3. Where do you see yourself in 5 years?
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Q4. Tell me your previous experience on how did you manage excess work pressure?
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Q5. How will you deal with demanding clients?
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Q6. How will you deal with client whet it's not our fault?
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Q7. Would you be able to face clients and how would you negotiate for realistic deadlines if client is proposing unrealistic deadlines?
Ans. 
I can confidently face clients and negotiate realistic deadlines by communicating effectively and understanding their needs.
• Listen actively to the client's needs and concerns to build rapport.

• Assess the project requirements and timelines before responding.

• Provide a clear rationale for the proposed deadlines, citing potential challenges.

• Suggest alternative timelines that accommodate both the client's needs and realistic...read more
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