Secretary Accountant

My last boss taught me the importance of time management - he didn't pull any punches, and was extremely deadline-driven. His no-nonsense attitude pushed me to work harder, and to meet deadlines I never even thought were possible.

This falls into the category of situational interview techniques, a tactic useful in gauging an applicant's ability to think through a scenario like one that might be faced in a more senior finance role. The applicant's response will show you if the approach is in alignment with that of your existing team, which will also indicate if this candidate is a good fit for your organization's culture.

It is the software used for accounting in small business and shops for managing routine accounting transactions.

Most professionals, especially those with experience working for medium to large organizations, should have an answer for this. A response might include any of the following: Hyperion, Microsoft Dynamics GP or Oracle Enterprise Manager. For entry-level candidates, you might turn this into a discussion of finance certifications and future training possibilities. For example, ask which ERP systems they would like to master. Discussion of these tools, how the applicant learned them and what applications your company uses will reveal how much, if any, training the applicant might need if hired.

This question can open a conversation about the ways the applicant has approached this routine process with previous employers. This line of inquiry allows recent grads to apply theoretical knowledge in venturing educated guesses. The applicant's answer will reveal the level of understanding of the methods most commonly used and could open a dialogue about how your company handles this.

It is a kind of hidden tax that is included in the service provided by the service provider and paid by the service receiver.

This is an elementary question. Use it to assess the general accounting knowledge of entry-level candidates for bookkeeping or accounting clerk openings. Verbal and non-verbal responses will reveal whether the applicant understands accounting fundamentals.

Yes, TDS abbreviates Tax Deduction at Source.

This can be a challenging question, especially if you've never held an accounting job before. While some accountants strictly do their jobs, others go above and beyond by making suggestions to management and identifying areas where money can be saved. By describing a scenario from your coursework or an internship, you can show the hiring manager that you're willing to go beyond and be a team player.

There are two types of transactions in accounting i.e. revenue and capital.

I think all are good though but Microsoft Accounting Professional is best because it offers reliable and fast processing of accounting transactions that saves time and increases proficiency.

As an accountant, you'll be held to a very high standard of excellence, especially since even the smallest errors can lead to big financial issues. In response to this question, it's important to discuss the importance of checking your work several times and establishing a system of checks and balances. It also helps to give an example of a time that you caught an error through double checking or another method.

Suppose you have to produce an additional unit of output. The estimated cost of additional inputs to produce that output is actually the marginal cost.

Public accounting offers audits and CPAs to review company financial records to ensure accountability. It is for general public.

You must be very good at statistics if you want to do well in accounting. Otherwise, with minimum knowledge you cannot manage your day to day transactions effectively in accounting.

A reconciliation statement is prepared when the passbook balance differs from the cashbook balance.

Yes, I have prepared few MIS reports during my previous jobs. MIS reports are created to identify the efficiency of any department of a company.

Consigner is the owner of the goods or you can say he is the person who delivers the goods to the consignee. The consignee is the person who receives the goods.

VAT means Value Added Tax.

All types of exchange bills, bonds and other securities owned by a merchant that is payable to him are said as bills receivable.