TCS Accountant Interview Questions, Process, and Tips

Q1. Self introduction
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Q2. Good evening sir/ mam
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Includes basic reasoning and aptitude

Q1. Need to be good at accounting concepts and other financial related queries
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Q1. This will be a personality check round which includes the questions related to the situation based., which are asked to check the personality how you are going to deal with the problem if it arises
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Verbal reasoning, and numerical reasoning,math reasoning, diagram reasoning..

Q1. Tell me about yourself,? about a time you made a mistake,?and how do u dealt with it..?
Ans. My name is Gomasa Rajendra Prasad,am from warangal,I had completed my graduation in the year 2022 with an agreegte of 97% in Kakatiya University,my father is a farmer,and my mom is a house wife.currently I hadbeen staying in mettuguda since 1 year..
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Q2. Wh did you select this company?
Ans. I had searched a lot of companies in Hyderabad,TCS is the one of the largest and growing company in the last 5to 6 years. Its going to be set a top place in all over the companies in india.i want to put m all the efforts for growing of the company.if I don't know I willhave to learn some skills from the company..
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Q3. Why did you select an accountant role?
Ans. I had completed my graduation in the course of bachelor of computer,I had a grip on accounts,I can able to do profit and loss balance sheet well...I had perfect in tally,I can able to manage,and do the what are the company or its employees business transactions and it's show thebalancesheet perfectly alright,. Am proud to say to chose an accountant job,what ever the expenses it may be whether its like tra...read more
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Q4. What are your strengths
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Q5. Do you have any technical skills?
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Q6. Why should I hire you
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Q1. Any questions you can give
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Q2. Tell me something about yourself
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Q3. What is your strength and weakness
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Q4. Why we r hiring you
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Dissertation
A study on systematic investment plan for investors with reference to amravti city

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Q1. They ask related to ur resume.
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Q2. Good source i have received
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Q1. What is journal
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A journal is a record of financial transactions in chronological order.
• It is used to keep track of all financial transactions of a business.

• It includes details such as date, description, and amount of each transaction.

• There are different types of journals such as sales journal, purchase journal, and general journal.

• Journals are used to create financial statements and reports.

• Example: A sales journal would record all sa
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Q2. What is journal class vallu
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Journal class value refers to the type of transaction recorded in a journal entry.
• Journal class value is used to categorize transactions in a journal entry.

• It helps in identifying the nature of the transaction such as sales, purchases, expenses, etc.

• Examples of journal class values include SALES, PURCHASES, EXPENSES, CASH, etc.
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Q3. What is journal class types
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Journal class types are categories used to classify journal entries based on their purpose.
• Journal class types include revenue, expense, asset, liability, equity, and contra accounts.

• Revenue journal entries record income earned by the business.

• Expense journal entries record expenses incurred by the business.

• Asset journal entries record the acquisition or disposal of assets.

• Liability journal entries record the incurrenc...read more
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Q4. What is book kipng
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Bookkeeping is the process of recording and organizing financial transactions of a business.
• It involves keeping track of all financial transactions such as sales, purchases, receipts, and payments.

• Bookkeeping helps in preparing financial statements such as balance sheets, income statements, and cash flow statements.

• It is important for businesses to maintain accurate and up-to-date bookkeeping records for tax purposes a...read more
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Q5. What accounting year started
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The accounting year varies depending on the company's fiscal year.
• The accounting year can start on any date depending on the company's fiscal year

• For example, a company with a fiscal year starting on January 1st will have an accounting year starting on the same date

• However, a company with a fiscal year starting on July 1st will have an accounting year starting on the same date
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Q6. Balance sheet different
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Balance sheet different - explain why
• There could be various reasons for a balance sheet to be different such as changes in assets, liabilities, equity, or accounting methods

• It could also be due to errors in recording or reporting financial transactions

• It is important to identify the reason for the difference and make necessary adjustments to ensure accuracy

• For example, if there was a change in accounting method, it sho...read more
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Q7. Frofit loss account value
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Q8. What is trading account
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Trading account is a financial statement that shows the gross profit or loss of a business from buying and selling goods.
• It is a part of the final accounts of a business

• It shows the direct expenses and indirect expenses related to buying and selling goods

• It includes opening and closing stock, purchases, sales, and returns

• The gross profit or loss is transferred to the profit and loss account
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Q9. What are basic accounting
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Basic accounting refers to the fundamental principles and practices of recording, analyzing, and reporting financial transactions.
• Recording financial transactions in journals and ledgers

• Preparing financial statements such as balance sheet, income statement, and cash flow statement

• Analyzing financial data to make informed business decisions

• Maintaining accurate and up-to-date records of financial transactions

• Following ge...read more
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Q10. What are tally account mean
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Tally account is a software used for accounting and financial management.
• Tally account is a popular accounting software used by businesses to manage their financial transactions.

• It helps in maintaining records of sales, purchases, inventory, and financial statements.

• Tally account also provides features like payroll management, tax compliance, and invoicing.

• It is widely used in India and other countries for its user-fri...read more
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Q11. What is the defferent between capital revenue transaction
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Capital transactions involve long-term investments while revenue transactions involve short-term gains.
• Capital transactions involve the purchase or sale of long-term assets such as property, plant, and equipment.

• Revenue transactions involve the sale of goods or services in the normal course of business.

• Capital transactions affect the balance sheet while revenue transactions affect the income statement.

• Examples of capit...read more
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Q12. State the three mains types of accounts
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The three main types of accounts are assets, liabilities, and equity.
• Assets are resources owned by the company, such as cash, inventory, and property.

• Liabilities are debts owed by the company, such as loans and accounts payable.

• Equity represents the residual interest in the assets of the company after liabilities are deducted, such as retained earnings and stockholder's equity.
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Q13. What are the three infortant finacial statement
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The three important financial statements are the income statement, balance sheet, and cash flow statement.
• The income statement shows a company's revenue and expenses over a period of time.

• The balance sheet shows a company's assets, liabilities, and equity at a specific point in time.

• The cash flow statement shows a company's inflows and outflows of cash over a period of time.

• These statements are important for investors,...read more
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Q14. What are the 2 types of accounts
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The 2 types of accounts are personal and business accounts.
• Personal accounts are related to individuals and include accounts like savings, checking, and credit card accounts.

• Business accounts are related to companies and include accounts like accounts payable, accounts receivable, and inventory accounts.
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Q15. What are 3 types account
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The three types of accounts are assets, liabilities, and equity.
• Assets are resources owned by a company, such as cash, inventory, and property.

• Liabilities are debts owed by a company, such as loans and accounts payable.

• Equity represents the residual interest in the assets of a company after liabilities are deducted, such as retained earnings and common stock.
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Q16. How should I record transaction
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Transactions should be recorded accurately and timely to ensure financial statements are reliable.
• Use a double-entry accounting system

• Record transactions in the appropriate accounts

• Ensure transactions are properly classified and coded

• Maintain supporting documentation for all transactions

• Reconcile accounts regularly to ensure accuracy

• Record transactions in a timely manner

• Ensure transactions are properly authorized

• Use ac...read more
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Q17. How do I finance my business
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Financing a business can be done through various methods depending on the type of business and its needs.
• Consider taking out a loan from a bank or other financial institution

• Look into crowdfunding or angel investors

• Apply for grants or government funding

• Consider bootstrapping or using personal savings

• Explore partnerships or joint ventures

• Create a detailed business plan to present to potential investors or lenders
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Q18. How should i structure my small business
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Structure your small business by choosing the right legal entity, creating a business plan, and setting up accounting systems.
• Choose the right legal entity (sole proprietorship, partnership, LLC, corporation)

• Create a business plan outlining your goals, target market, and financial projections

• Set up accounting systems to track income, expenses, and taxes

• Consider hiring a professional accountant or lawyer for guidance
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Q19. Do I need a separate business bank account
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