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Mukund M Chitale & Co Interview Questions and Answers
6 Interview questions
Material misstatement refers to errors or omissions in financial statements that could potentially impact decision-making by users of the statements.
Material misstatement can include errors in recording transactions, misapplication of accounting principles, or intentional fraud.
These misstatements can have a significant impact on the financial health of a company and may lead to legal consequences.
Auditors are res...
Ind AS 115 is a revenue recognition standard that outlines the principles for recognizing revenue from contracts with customers.
Ind AS 115 is based on the core principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled.
It replaces the existing revenue recognition guidance in In...
I have extensive experience in analyzing balance sheets to assess financial health and make strategic decisions.
Utilized financial ratios like current ratio and debt-to-equity ratio to evaluate liquidity and leverage
Identified trends in assets, liabilities, and equity to understand financial performance over time
Performed variance analysis to compare actual results with budgeted or forecasted figures
Used balance s...
Tax audit is required if turnover exceeds specified limit or income is below prescribed percentage of turnover.
Tax audit is required if the turnover of a business exceeds Rs. 1 crore in case of a business and Rs. 50 lakhs in case of a profession.
Tax audit is also required if the income of a business is less than 8% of the turnover and in case of a profession, if the income is less than 50% of the gross receipts.
Ta...
Tax rules for taxation department
Taxation department is responsible for enforcing tax laws and collecting taxes
Tax rules vary depending on the type of tax being collected (income tax, sales tax, property tax, etc.)
Tax rules also vary by jurisdiction (federal, state, local)
Taxation department must stay up-to-date on changes to tax laws and regulations
Penalties may be imposed for non-compliance with tax rules
AS application is used in company audits to ensure compliance with accounting standards.
AS application is a tool used to check compliance with accounting standards during audits.
It helps in identifying any discrepancies or non-compliance with accounting standards.
AS application can be used to generate reports and recommendations for corrective actions.
Examples of accounting standards include GAAP, IFRS, and SOX.
AS...
Mukund M Chitale & Co Interview Experiences
6 interviews found
Anonymous
General MCQ test based on ca inter syllabus
(2 Questions)
- Q1. What is ind as 115
- Ans.
Ind AS 115 is a revenue recognition standard that outlines the principles for recognizing revenue from contracts with customers.
Ind AS 115 is based on the core principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled.
It replaces the existing revenue recognition guidance in Ind AS ...
- Q2. What is material misstatement
- Ans.
Material misstatement refers to errors or omissions in financial statements that could potentially impact decision-making by users of the statements.
Material misstatement can include errors in recording transactions, misapplication of accounting principles, or intentional fraud.
These misstatements can have a significant impact on the financial health of a company and may lead to legal consequences.
Auditors are responsi...
Interview Preparation Tips
Article Assistant Interview Questions asked at other Companies
(2 Questions)
- Q1. AS application in company audits
- Ans.
AS application is used in company audits to ensure compliance with accounting standards.
AS application is a tool used to check compliance with accounting standards during audits.
It helps in identifying any discrepancies or non-compliance with accounting standards.
AS application can be used to generate reports and recommendations for corrective actions.
Examples of accounting standards include GAAP, IFRS, and SOX.
AS appl...
- Q2. Tax rules for taxation dept
- Ans.
Tax rules for taxation department
Taxation department is responsible for enforcing tax laws and collecting taxes
Tax rules vary depending on the type of tax being collected (income tax, sales tax, property tax, etc.)
Tax rules also vary by jurisdiction (federal, state, local)
Taxation department must stay up-to-date on changes to tax laws and regulations
Penalties may be imposed for non-compliance with tax rules
Interview Preparation Tips
Assistant Manager Interview Questions asked at other Companies
Selected
I applied via LinkedIn and was interviewed before May 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Family Background
- Q2. Work Preferences
(2 Questions)
- Q1. Recent Company Audit ammendments
- Ans.
Recent Company Audit amendments include changes in financial reporting standards and regulations.
Changes in accounting standards such as ASC 606 for revenue recognition
Updates in auditing regulations like PCAOB inspection reports
Revisions in internal control requirements under SOX compliance
Impact of COVID-19 on audit procedures and reporting
- Q2. Personal experience in Balance Sheet Analysis
- Ans.
I have extensive experience in analyzing balance sheets to assess financial health and make strategic decisions.
Utilized financial ratios like current ratio and debt-to-equity ratio to evaluate liquidity and leverage
Identified trends in assets, liabilities, and equity to understand financial performance over time
Performed variance analysis to compare actual results with budgeted or forecasted figures
Used balance sheet ...
Interview Preparation Tips
Senior Executive Interview Questions asked at other Companies
Pooja Nayak
Selected
I applied via Campus Placement and was interviewed before Jun 2023. There were 3 interview rounds.
(1 Question)
- Q1. Had received called from them. Had Asked basic HR Questions- Tell me about yourself? Why are you interested to work here? and then had arrange the further interview process.
Aptitude test was regarding the Taxation and Basic General Knowledge Questions
(1 Question)
- Q1. 1. What documents would you check to verify the doctor's returns? 2. What do you do in your free times? 3. What are your strength and Weakness? 4. What is your long term goals? 5. Do you have questions to ...
Interview Preparation Tips
2. Prepare basic interview question very well along with the position for you have applied.
Article Assistant Interview Questions asked at other Companies
Selected
I applied via Company Website and was interviewed before Feb 2023. There were 2 interview rounds.
GK and technical questions
(1 Question)
- Q1. AS, Audit and Tax provisions
Article Assistant Interview Questions asked at other Companies
Selected
I applied via Approached by Company and was interviewed before Sep 2022. There were 2 interview rounds.
(2 Questions)
- Q1. What is the difference between continuity and going concern
- Q2. Condition for tax audit
- Ans.
Tax audit is required if turnover exceeds specified limit or income is below prescribed percentage of turnover.
Tax audit is required if the turnover of a business exceeds Rs. 1 crore in case of a business and Rs. 50 lakhs in case of a profession.
Tax audit is also required if the income of a business is less than 8% of the turnover and in case of a profession, if the income is less than 50% of the gross receipts.
Tax aud...
Article Assistant Interview Questions asked at other Companies
Top trending discussions
Interview questions from similar companies
Interview Questionnaire
8 Questions
- Q1. Implement queue with the help of two stacks
- Ans.
Queue can be implemented using two stacks by maintaining the order of elements in the stacks.
Create two stacks, let's call them stack1 and stack2
When an element is enqueued, push it to stack1
When an element is dequeued, pop all elements from stack1 and push them to stack2
Pop the top element from stack2 and return it as the dequeued element
If stack2 is empty, repeat step 3
To get the front element of the queue, peek the ...
- Q2. Iven a table “student” of with columns Name and Marks. You have to write a SQL query to get the 2nd highest marks from the table. Also write a query to find the nth highest marks, where n can be any number
- Q3. What is left join. Give example. And Full outer join?
- Ans.
Left join returns all records from left table and matching records from right table. Full outer join returns all records from both tables.
Left join is used to combine two tables based on a common column.
In left join, all records from the left table are returned along with matching records from the right table.
If there is no match in the right table, NULL values are returned.
Example: SELECT * FROM table1 LEFT JOIN table...
- Q4. What is magic functions and autoloading in PHP?
- Ans.
Magic functions are special methods in PHP that start with __. Autoloading is a way to automatically load classes.
Magic functions are used to handle certain events in PHP, such as object creation or property access.
Autoloading allows PHP to automatically load classes when they are needed, without requiring manual includes.
Magic functions can be used in conjunction with autoloading to dynamically load classes or handle ...
- Q5. Given three arrays sorted in non-decreasing order, print all common elements in these arrays. Examples: ar1[] = {1, 5, 10, 20, 40, 80} ar2[] = {6, 7, 20, 80, 100} ar3[] = {3, 4, 15, 20, 30, 70, 80, 120} Ou...
- Ans.
Given three sorted arrays, find common elements.
Create three pointers to traverse each array
Compare the elements at the pointers and move the pointer of the smallest element
If all pointers point to the same element, add it to the result and move all pointers
Repeat until any pointer reaches the end of its array
- Q6. A puzzle. You will be given with a 3 Litre container & a 7 Litre Container. Measure exactly 5 Litres of water
- Q7. Asked about one of my projects I mentioned in my resume?
- Q8. Find if a number is a power of 2 or not?
- Ans.
Check if a number is a power of 2 or not.
A power of 2 has only one bit set in its binary representation.
Use bitwise AND operator to check if the number is a power of 2.
If n is a power of 2, then n & (n-1) will be 0.
Interview Preparation Tips
College Name: na
Motivation: Overall it was a very good experience. They test you from every aspect. In the End I would like to say that Practo is one of the best companies to work for.
Skills evaluated in this interview
Agam Mahajan
Interview Preparation Tips
Experience: There was Pool Campus Placement of 4 Colleges together(NIT Jalandhar,NIT Hamirpur ,Candigarh University and CGC Landran ) at Chandigarh University.Written test was taken on Hacker Rank. There were 5 Coding Questions of Linklist , Dynamic Programming,Priority Queues etc .
You didn't have to do All the questions (3 can get you to the next round).
One thing that need to be beware of is that on Hacker Rank Your Draft is Saved every second(or so). So don't copy from the internet and just paste there(they will get to know).
Tips: Make sure you practice lot of Algorithms.
Duration: 120 minutes
Total Questions: 5
Round: Problem Statement
Experience: Only 8 Students were selected for this round
20 mins were given for it
and afterwards each student had personal discussion(10 mins) with them to explain their schema .
3-4 Questions were also asked related to your schema and how to perform a particular query
Tips: You should Be Through with DBMS
Make sure there is no redundant table and Primary keys are marked
Round: Technical Interview
Experience: 2 were selected for the Interview
Firstly they make you very Comfortable and ask how were the previous Rounds.
Then they asked about the two questions of First Round and my approach
Then couple of questions on The design that was made Earlier.
Then there were questions on How Internet Works ,gcc,Linux,git,sql.
Then the Interviewer asked if I have any question
I asked about (as the work on doctor's app) how they know the credibility of a doctor which is enlisted in their app.
Interviewer was really Impressed by the question and told me all about it with all details.
Both were selected
Tips: Be cool in the Interview
Think Loudly and Interact with them well.
If they want you to ask any question ,it should not be related to technical stuff ,it should be related to the company
College Name: NIT JALANDHAR
I applied via Referral
Interview Questionnaire
5 Questions
- Q1. I was asked to optimize the last program mentioned above
- Q2. I was asked in detail about my internship experience and projects
- Q3. I was asked why I did not contribute to any open source projects
- Ans.
I haven't contributed to open source due to time constraints and focusing on personal projects and learning new technologies.
Time Constraints: Balancing work, personal projects, and learning new technologies has limited my availability.
Focus on Personal Projects: I've been dedicated to developing my own applications, such as a task management tool.
Learning New Technologies: I prioritized mastering frameworks like React...
- Q4. I was asked to explain the code of my android app from my dropbox account
- Q5. The usual HR questions followed after that
Interview Preparation Tips
College Name: NA
Interview Questionnaire
9 Questions
- Q1. What is event bubbling?
- Ans.
Event bubbling is the propagation of an event from the innermost child element to the outermost parent element.
Events triggered on a child element will also trigger on its parent elements
The event travels up the DOM tree until it reaches the document object
Can be stopped using event.stopPropagation()
Can be useful for event delegation
- Q2. Difference between .on(‘click’,function() and .click(function())
- Ans.
The .on('click',function() is a more flexible method than .click(function())
The .on() method can handle multiple events and selectors
The .click() method can only handle one event and one selector
The .on() method can also handle dynamically added elements
The .click() method cannot handle dynamically added elements
- Q3. Write a function to check if two strings are anagram or not
- Ans.
Function to check if two strings are anagram or not
Create two character arrays from the strings
Sort the arrays
Compare the sorted arrays
- Q4. Given an array of integers which can be in one of four order – i.Increasing 2.Decreasing 3.decreasing then increasing 4.increasing then decreasing .Write a function to find the type of array
- Ans.
Function to determine the order of integers in an array.
Check first and last element to determine if increasing or decreasing
Check for inflection point to determine if order changes
Return order type as string
- Q5. How can you improve the performance of a site.(Only frontend)
- Ans.
Optimize images, minify code, reduce HTTP requests, use caching, and lazy loading.
Optimize images using compression and appropriate file formats
Minify code to reduce file size and improve load times
Reduce HTTP requests by combining files and using sprites
Use caching to store frequently accessed data locally
Implement lazy loading to defer loading of non-critical resources
- Q6. Design database schema for a movie site.Where user can watch the movie,genre of movie,give ratings and recommended movies to user.Also Write an algorithm to show recommended movies to user
- Ans.
Design a database schema for a movie site with user ratings and recommendations.
Create tables for movies, users, ratings, and recommendations
Use foreign keys to link tables
Include columns for movie genre and user watch history
Algorithm for recommendations can use user watch history and ratings to suggest similar movies
- Q7. By tossing a coin we can get either head or tail, i have a function toss() which return head or tail with equal probability
- Q8. You have to write a function for dice which will return number from 1-6 with equal probability. constraints : you can not use random function, you can use only toss function
- Ans.
Function to simulate dice roll with equal probability without using random function
Use a toss function that returns either 0 or 1 with equal probability
Call the toss function 3 times and convert the result to a binary number
If the binary number is greater than 0 and less than or equal to 6, return it
If the binary number is greater than 6, repeat the process
- Q9. Write a query to fetch duplicate email from table?
- Ans.
Query to fetch duplicate email from table
Use GROUP BY and HAVING clause to filter out duplicates
SELECT email, COUNT(*) FROM table_name GROUP BY email HAVING COUNT(*) > 1;
This will return all the duplicate emails in the table
Interview Preparation Tips
College Name: na
Motivation: Practo is the market leader in digital healthcare management with millions of consumers using our products to find doctors, book appointments and manage their healthcare efficiently. Practo Ray is the platform of choice for the vast majority of doctors and clinics deploying cloud based clinic management solution.I recently got an offer from Practo, here is my interview experience:
Skills evaluated in this interview
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Rating in categories
|
Senior Executive
28
salaries
|  ₹6 L/yr - ₹10.4 L/yr |
|
Assistant Manager
21
salaries
| ₹7.5 L/yr - ₹15 L/yr |
|
Article Assistant
15
salaries
| ₹1 L/yr - ₹2 L/yr |
|
Audit Executive
5
salaries
| ₹2 L/yr - ₹5.8 L/yr |
|
Manager
4
salaries
| ₹15 L/yr - ₹18.5 L/yr |
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