Senior Executive Accounts Officer Interview Questions and Answers

I deserve a hike of Rs. 12000 because of my increased responsibilities, exceptional performance, and market value.

• Increased responsibilities: I have taken on additional tasks and projects that require more skills and effort.

• Exceptional performance: I have consistently exceeded targets and received positive feedback from clients and colleagues.

• Market value: I have researched the market and found that professionals with similar qualifications and experience are earning higher s...read more

Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

• Accounts payable represents a company's short-term debt obligations to its suppliers or vendors.

• It is listed as a liability on the company's balance sheet.

• Accounts payable is typically paid within a specified period, often 30, 60, or 90 days.

• Examples include invoices from suppliers for raw materials, utilities, or services rendered.

• Managing accounts pay...read more

Accounts receivable is the money owed to a company by its customers for goods or services provided on credit.

• Accounts receivable represents the amount of money that customers owe to a company for goods or services purchased on credit.

• It is considered an asset on the company's balance sheet.

• Companies often have specific policies and procedures in place to manage accounts receivable and ensure timely payment.

• Examples include invoices sent to customers for payment, aging reports...read more

TDS rates and sections refer to the tax deducted at source rates and corresponding sections under the Income Tax Act.

• TDS rates vary based on the type of payment being made and the recipient's status.

• For example, the TDS rate for salary income is different from that for interest income.

• Sections like 192, 194A, 194J, etc., specify the TDS rates and rules for different types of payments.

• It is important for accounts officers to be familiar with these rates and sections to ensure ...read more