Metriqe Solutions Interview Questions and Answers

Q1. Self induction with personal
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Q1. Manger asked for work with previous organotin
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Q1. Can you tell me about yourself?
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Q2. Are you comfortable working night shifts?
Ans. 
Yes, I am comfortable working night shifts as I have prior experience and can adapt to different schedules.
• I have previous experience working night shifts in my previous job.

• I am able to adapt to different schedules and have no issues with working during the night.

• I understand the importance of maintaining accuracy and focus during night shifts.

• I am willing to work night shifts if required to meet deadlines or client n...read more
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Q1. Golden rule of accounting?
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The golden rule of accounting states that debit what comes in and credit what goes out.
• Debit what comes in and credit what goes out

• Assets = Liabilities + Equity

• Helps maintain the balance in financial statements
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Q2. What are the journal entries for purchases?
Ans. 
Journal entries for purchases involve debiting the inventory account and crediting the accounts payable or cash account.
• Debit the inventory account to record the increase in inventory due to the purchase

• Credit the accounts payable account if the purchase was made on credit

• Credit the cash account if the purchase was made with cash

• Example: Debit Inventory $1,000, Credit Accounts Payable $1,000
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Q3. What is the process of bank reconciliation?
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Bank reconciliation is the process of comparing the balances in a company's accounting records to the balances on its bank statement.
• Gather bank statements and accounting records

• Compare deposits and withdrawals between the two

• Identify and investigate any discrepancies

• Adjust the accounting records to match the bank statement

• Prepare a bank reconciliation statement to document the process
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Q1. What are your salary expectations?
Ans. 
I expect a competitive salary that reflects my skills, experience, and the industry standards for this role.
• Research industry standards: For example, accountants in my region typically earn between $60,000 and $80,000 annually.

• Consider my experience: With over 5 years in the field, I believe a salary in the upper range is justified.

• Discuss benefits: Salary is important, but I also value benefits like health insurance a...read more
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Q1. You can study Golden Roles, Prepaid expenses, Accruals, BRS, Journal Entries
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Q2. What is Accrual? Then where it will come?
Ans. 
Accrual is a method of accounting where revenues and expenses are recognized when earned or incurred, regardless of when payment is received or made.
• Accrual accounting recognizes revenue when it is earned, not when payment is received

• Expenses are recognized when they are incurred, not when payment is made

• Accruals are recorded as adjusting entries at the end of an accounting period

• Examples of accruals include salaries o...read more
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Q3. What is prepaid expenses? Give some examples
Ans. 
Prepaid expenses are payments made in advance for goods or services that will be received in the future.
• Prepaid expenses are recorded as assets on the balance sheet until the goods or services are received.

• Examples of prepaid expenses include prepaid rent, prepaid insurance, and prepaid subscriptions.

• Prepaid expenses are typically amortized over the period in which the goods or services are received.

• Prepaid expenses ca...read more
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They will ask some accountancy related questions, maths questions, reasoning questions like that.

Q1. About your self
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Q2. Process Explanation of previous experience
Ans. 
In my previous roles, I implemented systematic accounting processes to ensure accuracy and compliance.
• Utilized accounting software like QuickBooks for efficient bookkeeping and financial reporting.

• Conducted monthly reconciliations to ensure all accounts were accurate and discrepancies were addressed promptly.

• Implemented a budgeting process that involved forecasting and variance analysis to guide financial decisions.

• Col...read more
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Q1. Journal Entries
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Q2. P2P, Bank Reconciliation, RTR
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Q3. Previous Process Explanation
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I will explain the previous process I followed in my accounting role.
• I maintained accurate financial records by recording transactions in the general ledger.

• I prepared financial statements such as balance sheets and income statements.

• I reconciled bank statements and ensured all accounts were balanced.

• I communicated with clients and vendors to resolve any discrepancies or issues.

• I followed company policies and procedure...read more
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Q1. What is accrual
Ans. 
Accrual refers to the recognition of revenue and expenses when they are incurred, regardless of when cash is exchanged.
• Accrual accounting matches revenues with expenses in the same accounting period

• It provides a more accurate representation of a company's financial position

• Examples include recognizing revenue when a service is performed, even if payment is not received yet
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Q2. What is golden rules
Ans. 
Golden rules are basic principles of accounting that serve as the foundation for recording financial transactions.
• Golden rules include the principles of Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; and Debit expenses and losses, Credit income and gains.

• These rules help ensure accurate and consistent recording of financial transactions in accounting.

• For example, when a business receiv...read more
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Q3. Prepaid expenses journal entry
Ans. 
Prepaid expenses are payments made in advance for goods or services to be received in the future.
• Prepaid expenses are recorded as assets on the balance sheet.

• When the service is utilized, an adjusting journal entry is made to expense the amount.

• Example: If a company pays $1,200 for a one-year insurance policy, it records $1,200 as a prepaid expense initially.

• Each month, the company will expense $100 ($1,200/12) until t...read more
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Q1. Basic details about us
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Q2. Technical questions about our domain
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