Find Interview Questions for Jpr

Right Answer:
No, the IT Department will not allow the TDS certificate for the assessment year 2002-03 as part of a rebate today, as there is a time limit for claiming TDS credits, typically within the relevant assessment year. The Income Tax Act specifies that claims must be made within the prescribed time frame.

Right Answer:
We maintain a bank reconciliation statement to ensure that our financial records match the bank's records, identify any discrepancies, and ensure accurate reporting of cash balances.

Right Answer:
The journal entry for cancelling a cheque is:

**Debit:** Bank Account
**Credit:** Accounts Payable (or the relevant expense account)

Right Answer:
Excise duty is a tax imposed on the manufacture or sale of specific goods within a country, typically levied on products like alcohol, tobacco, and fuel. Sales tax, on the other hand, is a tax applied to the sale of goods and services at the point of purchase, collected by retailers from consumers.

Right Answer:
An invoice is a document issued by a seller to a buyer that lists the products or services provided, along with their prices, and specifies the total amount due for payment.

Right Answer:
The Matching Principle in accounting states that expenses should be recorded in the same period as the revenues they help to generate. This is necessary to accurately reflect a company's financial performance and ensure that income statements provide a true picture of profitability during a specific time frame.

Right Answer:
To ensure that financial reports adhere to ethical accounting principles, I follow these steps:

1. Maintain transparency by providing clear and accurate information.
2. Adhere to relevant accounting standards and regulations.
3. Implement internal controls to prevent fraud and errors.
4. Foster a culture of integrity and ethical behavior within the team.
5. Regularly review and audit financial reports for compliance and accuracy.

Right Answer:
The Monetary Unit Assumption states that financial transactions should be recorded in a stable currency, allowing for consistent measurement and comparison of financial data over time. This impacts financial record-keeping by ensuring that all financial statements are presented in a uniform currency, simplifying analysis and reporting.

Right Answer:
The Prudence Principle emphasizes being cautious in financial reporting, ensuring that assets and income are not overstated, while liabilities and expenses are not understated. Conservatism, on the other hand, is a broader accounting approach that advises recognizing potential losses and liabilities as soon as they are foreseeable, but only recognizing gains when they are realized. In practice, both aim to avoid overestimating financial health, but prudence focuses more on caution in estimates, while conservatism emphasizes a more general approach to recognizing uncertainties.

Right Answer:
The basic accounting principles every accountant should know are:

1. **Accrual Principle**: Revenue and expenses are recorded when they are earned or incurred, not when cash is exchanged.
2. **Consistency Principle**: Once an accounting method is adopted, it should be used consistently throughout unless a change is warranted.
3. **Going Concern Principle**: Assumes that a business will continue to operate indefinitely unless there is evidence to the contrary.
4. **Matching Principle**: Expenses should be matched with the revenues they help to generate in the same period.
5. **Economic Entity Assumption**: The transactions of a business must be kept separate from those of its owners or other businesses.
6. **Full Disclosure Principle**: All relevant financial information must be disclosed in the financial statements.
7. **Materiality Principle**: All significant information that could influence decisions should be disclosed, while insignificant details can be omitted.
8. **Historical Cost Principle**: Assets should be recorded at their original

Right Answer:
I have experience using ERP systems for managing financial data, streamlining processes, and generating reports. I am familiar with modules like accounting, inventory management, and procurement, and I have worked on implementing and customizing ERP solutions to meet business needs.

Right Answer:
The latest version of Tally ERP 9 is TallyPrime, which includes enhanced features for better user experience and improved functionalities for accounting and business management.

Right Answer:
Tally is an accounting software used for financial management, including bookkeeping, inventory management, and payroll processing. It helps businesses maintain their accounts, generate financial reports, and comply with tax regulations efficiently.

Right Answer:
Accounting relative work involves tasks such as managing financial records, preparing financial statements, reconciling accounts, and ensuring compliance with accounting standards and regulations.

Right Answer:
Planning is the process of setting goals and determining the actions needed to achieve those goals in a systematic way.

Right Answer:
The 10th term will be 2560.

Right Answer:
Policy lapse refers to the termination of an insurance policy due to non-payment of premiums, resulting in the loss of coverage.

Right Answer:
I am an experienced IT administrator with a strong background in managing and maintaining systems and networks. I have expertise in troubleshooting, user support, and implementing security measures. I am skilled in various operating systems and have experience with cloud services and virtualization. My goal is to ensure optimal performance and reliability of IT infrastructure while providing excellent support to users.

Right Answer:
Administration is the process of organizing, planning, and managing resources and activities to achieve specific goals and objectives within an organization.

Right Answer:
Administrative team ka kaam organization ke daily operations ko manage karna, resources ko coordinate karna, documentation aur communication ko maintain karna, aur staff support provide karna hota hai.