L&T Construction Accountant Interview Questions and Answers

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Q1. What is Larsen toubro limited
Ans. 
Larsen & Toubro Limited is an Indian multinational conglomerate involved in technology, engineering, construction, manufacturing, and financial services.
• One of the largest and most respected companies in India

• Operates in various sectors including infrastructure, technology, and financial services

• Known for its construction projects such as airports, bridges, and industrial plants
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Q2. What is a experience
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Q1. Bank reconciliation
Ans. Bank statement match debit and credit
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Q2. Balance sheet in sap
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Balance sheet in SAP is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
• Balance sheet in SAP is used to provide a snapshot of a company's financial position.

• It includes assets (such as cash, inventory, and property), liabilities (such as loans and accounts payable), and equity (such as retained earnings and stockholders' equity).

• The balance sheet equation is Asse...read more
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Q3. Balance sheet match debit and credit complete match
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Q4. Bank statement match for the month wise
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Bank statement matching involves reconciling bank records with company accounts to ensure accuracy and identify discrepancies.
• 1. Gather bank statements and internal records for the month.

• 2. Compare deposits recorded in the company's books with those in the bank statement.

• 3. Check for outstanding checks that have not yet cleared the bank.

• 4. Identify any bank fees or interest income not recorded in the company's accounts...read more
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Q1. Related ms Excel tally
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Q1. Accounting terms & entry
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Q2. Gst & itr
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Q1. What are your qualifications?
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Q2. Are you knowledgeable about accounting entries?
Ans. 
Accounting entries are the foundation of financial reporting, recording all business transactions systematically and accurately.
• Double-Entry System: Every transaction affects at least two accounts, ensuring the accounting equation (Assets = Liabilities + Equity) remains balanced. For example, purchasing inventory increases assets and decreases cash.

• Debits and Credits: Each entry consists of debits and credits. For inst...read more
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Q1. How many years of experience do you have?
Ans. 
I have over five years of experience in accounting, specializing in financial reporting, auditing, and tax preparation.
• Financial Reporting: I have prepared monthly and annual financial statements for various clients, ensuring compliance with GAAP.

• Auditing Experience: I conducted internal audits for a mid-sized company, identifying areas for cost reduction and process improvement.

• Tax Preparation: I have successfully fil...read more
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Q2. What prompted you to leave your last job?
Ans. 
I left my last job to seek new challenges and opportunities for professional growth in a dynamic accounting environment.
• Career Advancement: I felt that my growth potential was limited in my previous role, and I wanted to pursue opportunities that offered more responsibility.

• Desire for New Challenges: I was looking for a position that would allow me to tackle more complex financial issues and enhance my skill set.

• Compan...read more
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