Accounting Interview question

Accounting Interview question   

Interview Question for Accounting jobs, these Question mostly ask at the time of interview . Normally we think that Recruiter's ask only simple question (like:-Self introduction, Family and about last job ) but you don't forget competition is very hard at present time.All Candidate have some special quality from other that why the competition is very Tuff.
We are sharing some most important interview question so just  after reading your confidence becomes high .   

1.       What was the reason of selecting accounting as your profession?
2.       Any professional experience of this field?
3.       Did you use any of one accounting applications at your previous companies or prefer working manually?
4.       Do you know name of any other accounting application?
5.       Which is your best accounting application you prefer most and why?
6.       Tell me the abbreviation for the accounting terms debit and credit?
7.       How many types of business transactions are there in accounting?
8.       Describe balance sheet?
9.       Do you know about TDS, what it is?
10.   where do you show TDS, In balance sheet?
11.   Do you know about Service Tax or Excise?
12.   Is there any difference between inactive and dormant accounts?
13.   Describe tally accounting?
14.   Define departmental accounting?
15.   Define term fictitious assets?
16.   what do we mean by perpetual or periodic inventory system?
17.   How do you define premises, in accounting?
18.   In accounting, VAT abbreviates what?
19.   Do you have any knowledge about accounting standards?
20.   Define ICAI?
21.   Explain the basic accounting equation?
22.   Define term Executive accounting?
23.   Define term Public accounting?
24.   Define CPA?
25.   Explain bank reconciliation statement?
26.   Differentiate between Public and Private Accounting?
27.   Define project implementation?
28.   Do you think Accounting Standards are mandatory and why?
29.   Define the term Marginal Cost?
30.   Define Partitioning in accounting?
31.   Differentiate between provision and reserve?
32.   Define term Offset accounting?
33.   Define the term overhead in terms of accounting?
34.   Describe trade bills?
35.   Explain fair value accounting?
36.   Do you know the names of different branches of accounting?
37.   Differentiate between Accounting and Auditing?
38.   Define term dual aspect term in accounting?
39.   Explain purchase return in accounting?
40.   Define the term material facts in accounting?
41.   Tell me that, Have you ever prepared MIS reports and what are these?
42.   Define company’s payable cycle?
43.   Define the term retail banking?
44.   Can you tell me, How much mathematics knowledge is necessary or required in accounting?
45.   Define BR in accounting?
46.   What do you mean by depreciation and Explain its types?
47.   Differentiate between consignor and consignee?
48.   Explain balancing in accounting?
49.   How much statistics knowledge is necessary or required in accounting?
50.   Describe Scrap value in accounting?
Interview Question, Important Question, How to prepare for interview

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