50 Greenko group Interview Questions and Answers

20 common asked question in every interview

Account Payble

Ques:- Debit & Credit

Asked In :- Expenzing, sienna senior living, greenko group,

Right Answer:
Debit increases assets or expenses and decreases liabilities or equity, while credit decreases assets or expenses and increases liabilities or equity.

Accountant/ Accounts Executive

Ques:- Previous experience in organsisation

Asked In :- Mansukh Securities & Finance, Lion International Bank, ebrd, arup laboratories, al ansari exchange, greenko group, central bank of kenya, bandhan bank, kpmg sri lanka, newday,

Right Answer:
In my previous role as an accounts executive at XYZ Company, I managed accounts payable and receivable, prepared financial statements, and assisted with budget forecasting. I also ensured compliance with accounting standards and collaborated with the finance team to streamline processes.

Accounting

Ques:- What are conventions of accounting?

Asked In :- Property and Casualty Insurance Compensation, greenko group, superconcepts, reyes coca-cola bottling,

Right Answer:
The conventions of accounting are generally accepted guidelines that govern the preparation of financial statements. They include:

1. **Consistency**: Use the same accounting methods over time.
2. **Accrual**: Record revenues and expenses when they are earned or incurred, not when cash is received or paid.
3. **Going Concern**: Assume the business will continue to operate indefinitely.
4. **Prudence**: Be cautious in making estimates and judgments, avoiding overstatement of income or assets.
5. **Materiality**: Focus on information that is significant enough to influence decisions.
6. **Full Disclosure**: Provide all necessary information to users of financial statements.

Accounting

Ques:- Key Difference between Indian accounting standards and international accounting standards is..

Asked In :- Medline Industries India, escalon, Milestone Global, workplace safety and insurance board (wsib), wema bank plc, point72, greenko group, appasamy associates, southern california edison,

Right Answer:
The key difference between Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS) is that Ind AS is tailored to the Indian context and regulatory environment, while IFRS is a global standard aimed at providing a common accounting framework for international use.

Tally

Ques:- WHAT IS DEBIT NOTE?

Asked In :- T R CHADHA & CO, tata capital, cpp investment board, greenko group,

Right Answer:
A debit note is a document issued by a buyer to a seller, indicating that the buyer has returned goods or that there is a reduction in the amount owed due to various reasons, such as overbilling or damaged goods.

Accounting Principles

Ques:- How do the Consistency Principle and Comparability ensure accurate financial reporting

Asked In :- AB InBev, Birla Cement, CPCL, EPFO, Everest Bank, GSFC, Mother Dairy, Prakash Kochar & Co, Reece Group, Muthoot Fincorp,

Right Answer:
The Consistency Principle ensures that a company uses the same accounting methods over time, making financial statements comparable across periods. Comparability allows users to compare financial statements of different companies or periods, ensuring that similar transactions are reported in a consistent manner. Together, they enhance the reliability and accuracy of financial reporting.

Accounting Principles

Ques:- Can you explain the Revenue Recognition Principle and its importance

Asked In :- Promantia Consulting LLP, ABN AMRO, Ashiana Housing, Everest Bank, GSFC, ITC Indian Tobacco Company, Khaitan, SKS Microfinance, SpiceJet, Tax Assistant,

Right Answer:
The Revenue Recognition Principle states that revenue should be recognized when it is earned and realizable, regardless of when cash is received. This means that businesses record revenue when they deliver goods or services, not necessarily when payment is made. Its importance lies in providing a clear and consistent method for reporting income, which helps ensure accurate financial statements and allows stakeholders to assess a company's performance effectively.

Accounting Principles

Ques:- How do you apply the Substance Over Form Principle in financial transactions

Asked In :- Gallagher Service Center LLP, ABN AMRO, Chambal Fertilisers, GACL, India Cements, PRDC, SpiceJet, Novel Office, DCM Shriram, RELX Group,

Right Answer:
The Substance Over Form Principle means that the economic reality of a transaction should be reflected in financial statements, rather than just its legal form. This means recognizing the true nature of the transaction, such as treating a lease as a purchase if it effectively transfers ownership rights, ensuring that financial reporting accurately represents the underlying economic situation.

Accounting Principles

Ques:- What is the Revenue Recognition Principle’s impact on profit calculations

Asked In :- Milliman India, Promantia Consulting LLP, ABN AMRO, Bengal Energy, Birla Cement, CMAT, Eastman Chemical, India Cements, Reece Group, First American,

Right Answer:
The Revenue Recognition Principle impacts profit calculations by ensuring that revenue is recognized when it is earned, regardless of when cash is received. This means profits reflect the actual performance of a business during a specific period, aligning income with the expenses incurred to generate that income.

Accounting Principles

Ques:- What is the role of the Economic Entity Assumption in accounting

Asked In :- Panacea Medical Technologies, Promantia Consulting LLP, Offshore Accounting & Taxation Services, EPFO, GACL, Haldiram, Himatsingka Seide, GAIN Credit, Godrej Agrovet, Sage Intacct,

Right Answer:
The Economic Entity Assumption states that a business's financial activities must be kept separate from its owners' personal financial activities. This ensures that the financial statements reflect only the business's performance and position, providing clear and accurate information for decision-making.

Accounting Accounting Software Accounting Standard Accounting/ Auditing Clerk

Ques:- What is provision for bad debt?

Asked In :- District Cooperative Central Bank DCCB, Eastman Chemical, ITC Indian Tobacco Company, PRDC, DCM Shriram, RELX Group, Andhra Pradesh State Skill Development, FCI CCM, ESOP Direct, Think 360,

Right Answer:
Provision for bad debt is an accounting estimate that recognizes the amount of accounts receivable that may not be collected due to customers defaulting on their payments. It is recorded as an expense on the income statement and reduces the value of accounts receivable on the balance sheet.

Accountant/ Accounts Executive Accounting Software

Ques:- What is the use of accounting software?

Asked In :- Offshore Accounting & Taxation Services, Synergy Consulting, easyfinancial, PMEP Consulting, V Singhi & Associates, Midland Microfinance, Ministry of Corporate Affairs, AFEX Group, Modulr, The Bharat Co-Operative Bank (Mumbai),

Right Answer:
Accounting software is used to manage financial transactions, track income and expenses, generate financial reports, automate bookkeeping tasks, and ensure compliance with accounting standards.

Accounting Software Accounts Manager

Ques:- Which is the best software for accounting?

Asked In :- DataCore, TTN, Finonyx, Muthoottu Mini Financiers, Bidfood, SAICA, W P Carey, KOICA, iServeU (India), Expenzing,

Right Answer:
The best software for accounting depends on your specific needs, but popular options include QuickBooks, Xero, and FreshBooks.

Accounting Software

Ques:- Do you know tally erp-9

Asked In :- Promantia Consulting LLP, Mother Dairy, DCM Shriram, Sage Intacct, Health Prime Services (India), Covenant Consulting, escalon, W P Carey, Vontobel, NiYO,

Right Answer:
Yes, I am familiar with Tally ERP 9.

Accounting Software

Ques:- DO KNOW TALLY ACCOUNTING SOFTWARE

Asked In :- Mother Dairy, Prakash Kochar & Co, RELX Group, Andhra Pradesh State Skill Development, Manning Elliott, Sushi Train, Bright Star, Expenzing, Revenue Assurance Services, elanco,

Right Answer:
Yes, I am familiar with Tally accounting software.

Accountant/ Accounts Executive Budgeting

Ques:- Define budgeting

Asked In :- Paperchase Accountancy India, Smart Cube India, Offshore Accounting & Taxation Services, Protiviti Consulting, Quess Corp, Norfolk Southern Corp, Aparna Constructions, Gram Panchayat, PVC, Sobha Developers,

Right Answer:
Budgeting is the process of creating a plan to manage income and expenses over a specific period, helping to allocate resources effectively and achieve financial goals.

Accounting/ Auditing Clerk Budgeting

Ques:- What is inflation?

Asked In :- CBRE South Asia, HBL POWER SYSTEMS LIMITED, Protiviti Consulting, Anand Rathi, Birla Cement, BUP, Consero Global, Exim Bank, India Cements, Itd Cementation India,

Right Answer:
Inflation is the rate at which the general level of prices for goods and services rises, leading to a decrease in purchasing power.

Accountant/ Accounts Executive Budgeting

Ques:- How is budgeting data done?

Asked In :- Healthians, CBRE South Asia, Panacea Medical Technologies, Paperchase Accountancy India, HBL POWER SYSTEMS LIMITED, Offshore Accounting & Taxation Services, Protiviti Consulting, Norfolk Southern Corp, Aparna Constructions, Bengal Energy,

Right Answer:
Budgeting data is done by gathering historical financial information, estimating future revenues and expenses, setting financial goals, and creating a detailed plan that outlines how resources will be allocated over a specific period. This process often involves collaboration with various departments to ensure accuracy and alignment with organizational objectives.

Accounts Assistant/ Book Keeper Budgeting

Ques:- While Scrutinizing the Trial Balance which error will catch you eye immediately…

Asked In :- ADNOC Abu Dhabi National Oil Company, BOM, DataCore, District Cooperative Central Bank DCCB, Gram Panchayat, IMFA, MoveiT Infra Services, Pramata, SIDBI, Sobha Developers,

Right Answer:
An imbalance in the debit and credit totals.

Budgeting

Ques:- What about budgeting

Asked In :- Money Honey Financial Services, ADNOC Abu Dhabi National Oil Company, Bapco Bahrain Petroleum Company, Birla Cement, Chambal Fertilisers, Himatsingka Seide, Nigerian Defence Academy, Prakash Kochar & Co, Novel Office, Kalpa Electrikal,

Right Answer:
Budgeting is the process of creating a plan to manage income and expenses over a specific period. It involves estimating future financial needs, allocating resources accordingly, and monitoring spending to ensure financial goals are met.

Greenko Group is a leading renewable energy company committed to driving sustainable development and combating climate change through the adoption of clean energy solutions. With a focus on innovation, scalability, and environmental stewardship, Greenko Group is at the forefront of India\'s renewable energy revolution. Founded in 2004, Greenko Group has rapidly grown to become one of the largest renewable energy companies in India, with a diversified portfolio of assets spanning solar, wind, hydro, and biomass energy projects. Through strategic investments in cutting-edge technology and infrastructure, Greenko Group has significantly contributed to India\'s transition towards a low-carbon economy and reduced dependence on fossil fuels. One of the key strengths of Greenko Group lies in its commitment to sustainability and community development. The company actively engages with local communities to create shared value and ensure that its projects have a positive impact on the environment and society.

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