60 Shv energy Interview Questions and Answers | HR, Technical & Aptitude Prep

Accountant/ Accounts Executive Personal Questions round

Ques:- Regarding Work, Experience, Education.

Asked In :- Gujarat Alkalies and Chemicals GACL, Pan Asia Bank, kotak securities, leeds building society, newday, investcorp, shv energy, atd, connect first credit union, epra,

Right Answer:
I have a degree in Accounting and over five years of experience in financial reporting and analysis. I have worked in both corporate and public accounting environments, where I developed strong skills in bookkeeping, tax preparation, and financial statement preparation.

Accounting Audit Associate

Ques:- Differentiate between Capital Reciept and Revenue Reciept?

Asked In :- Miramed Ajuba Solutions, Happay, SR Batliboi & Associates, RGN Price, MP Chitale & Co, Withers Worldwide, Bank Negara, John Hancock, Kudumbashree, bernhard schulte shipmanagement,

Right Answer:
Capital Receipt refers to funds received that result in the creation of a liability or the reduction of an asset, such as loans or sale of fixed assets. Revenue Receipt, on the other hand, refers to funds received from regular business operations, such as sales revenue or service income, which do not create a liability or reduce an asset.

Accountant/ Accounts Executive Tax Assessment

Ques:- What is the entry for rent paid to company, provision for taxes in your books?,

Asked In :- Tally Solutions, CACIB, shv energy, austrac,

Right Answer:
The journal entries would be:

1. For rent paid to the company:
- Debit: Rent Expense
- Credit: Cash/Bank

2. For provision for taxes:
- Debit: Tax Expense
- Credit: Provision for Taxes Payable

Accounting

Ques:- What is Bank Reconcilation Statement?

Asked In :- Booker Wholesale, Bhavna, Canara HSBC Oriental Bank of Commerce Life Insurance Co, jack henry & associates, telesure group services, city of coquitlam, personal capital, shv energy, tarmac, bitstamp,

Right Answer:
A Bank Reconciliation Statement is a document that compares and reconciles the bank balance shown in a company's accounting records with the balance shown on the bank statement. It identifies any differences between the two records, such as outstanding checks or deposits in transit, to ensure accuracy in financial reporting.

Accountant/ Accounts Executive Taxation

Ques:- DEFINE IN DETAIL ABOUT TAXATION AND USE OF TAX

Asked In :- SR Batliboi & Associates, S S Kothari Mehta & Co, MP Chitale & Co, Grameen Bank, Manba Finance, atb financial, kpmg canada, bdo uk llp, inland revenue nz, william blair,

Right Answer:
Taxation is the process by which governments collect money from individuals and businesses to fund public services and infrastructure. Taxes can be levied on income, property, sales, and various transactions. The primary uses of tax revenue include funding education, healthcare, transportation, defense, and social services, as well as maintaining public order and supporting economic stability.

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 Principles

Ques:- What is the Time Period Principle, and how does it affect financial reporting

Asked In :- Gallagher Service Center LLP, Promantia Consulting LLP, Offshore Accounting & Taxation Services, ABN AMRO, Chambal Fertilisers, CPCL, Eastman Chemical, ITC Indian Tobacco Company, Joyalukkas, Malabar Gold & Diamonds,

Right Answer:
The Time Period Principle states that a company's financial activities should be recorded and reported in specific time periods, such as months, quarters, or years. This principle ensures that financial statements reflect the company's performance and position over these defined intervals, allowing for consistent comparison and analysis of financial results over time.

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:- How does the Monetary Unit Assumption impact financial record-keeping

Asked In :- Offshore Accounting & Taxation Services, Khaitan, Quantile, Prakash Kochar & Co, DCM Shriram, DTCC, Covenant Consulting, PTC India, Infinx Healthcare, MP Chitale & Co,

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.

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 Software

Ques:- DO YOU KNOW ABOUT TALLY

Asked In :- DCM Shriram, Jiva Ayurveda, Muthoottu Mini Financiers, Shakeaway, US Department of Veterans Affairs, Milestone Global, Afresh, The Gayatri Co-operative Urban Bank, Vertace Consultants, region of peel,

Right Answer:
Yes, Tally is an accounting software used for financial management, including bookkeeping, inventory management, and payroll processing. It is widely used by businesses for its ease of use and comprehensive features.

Accountant/ Accounts Executive Accounting Software

Ques:- Tally short cut keys.

Asked In :- Ryan India Tax Services, Chambal Fertilisers, PRAN-RFL, Tax Assistant, Redcliffe Life Sciences, Knowsley Council, Credibility, Chocolate San Churro, The Gayatri Co-operative Urban Bank, Weill Cornell Medical College in Qatar,

Right Answer:
Here are some common Tally shortcut keys:

1. **F1** - Help
2. **F2** - Date
3. **F3** - Company
4. **F4** - Contra
5. **F5** - Payment
6. **F6** - Receipt
7. **F7** - Journal
8. **F8** - Sales
9. **F9** - Purchase
10. **F10** - Export
11. **Ctrl + A** - Accept
12. **Ctrl + Q** - Quit
13. **Ctrl + I** - Inventory
14. **Alt + C** - Create
15. **Alt + D** - Delete

These shortcuts can help navigate and perform tasks more efficiently in Tally.

Accounting Software

Ques:- Knowldege in SAP

Asked In :- GACL, Sage Intacct, US Department of Veterans Affairs, The Hasti Co-Op Bank, Vertace Consultants, Mcb Bank, CLA (CliftonLarsonAllen), aditya birla group, newcrest mining, align technology,

Right Answer:
SAP is an enterprise resource planning (ERP) software that integrates various business processes, including accounting, finance, supply chain, and human resources, to provide real-time data and streamline operations.

Accounting Software

Ques:- Export obtion in tally 9 erp

Asked In :- ABN AMRO, PRAN-RFL, H & R Johnson (India), SpringRole, Varma & Varma, Redcliffe Life Sciences, Doshi Accounting and Services, Bidfood, Aarong, Mahagenco,

Right Answer:
In Tally 9 ERP, the export option allows users to export data such as ledgers, vouchers, and reports in various formats like Excel, XML, or PDF. To use it, navigate to the report you want to export, press "Alt + E," choose the desired format, and specify the file location to save the exported data.

Accounting Software Accounts Assistant/ Book Keeper

Ques:- How can we call webservices in Banking Applications? andwhere we are using it?

Asked In :- NISC Exports Services (p), Ashiana Housing, SpiceJet, Tax Assistant, Novel Office, Suryoday Small Finance Bank, H & R Johnson (India), SurePrep, Finonyx, Doshi Accounting and Services,

Right Answer:
Web services in banking applications can be called using APIs (Application Programming Interfaces) that allow different systems to communicate over the internet. They are used for various functions such as processing transactions, retrieving account information, integrating with third-party services, and enabling mobile banking features.

Aptitude Financial Analyst

Ques:- A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

Asked In :- Cervello India, Chambal Fertilisers, TTN, Executive Ship Management, Fullerton India, Bank Rakyat, Kardium, easyfinancial, Pfizer Ireland, Collaborative Solutions,

Right Answer:
Rs. 2450

Comments

bruce May 6, 2021

I think -

1750 / 7 Years = 250
250 * 2% = 5
5 * 7 Years = 35

Aptitude Financial Analyst

Ques:- Four couples sit around a circular table in a party. Every husband sits to the right of his wife. P, Q, R and S are husbands and T, U, V and W are wives. Q – U and R – V are two married couples. S does not sit next to V. T sits to the left of P, who sits opposite S. If P interchange his place with the person who sits opposite to R disregarding the condition that husband and wife sit together, then who sits to the right of U?

Asked In :- Polestar Solutions & Services India LLP, Bapco Bahrain Petroleum Company, KAS, Niper, Motilal Oswal Securities, FinEdge, Infinx Healthcare, IFC, Ebury Partners, Wolseley UK,

Right Answer:
T sits to the right of U.

Aptitude Financial Analyst

Ques:- Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?

Asked In :- BillDesk, Bapco Bahrain Petroleum Company, JSL, Mother Dairy, World Bank, Commonwealth Bank of Australia, Executive Ship Management, Qualesce, Mako Trading Group, Sonova,

Right Answer:
The total amount that Rajan paid as interest is Rs. 1710.

Comments

Karan Chavan Mar 13, 2022

Ans 635.5
4000
1 year 5 % 200 rs int
Total 4200
2 year 5 % 210 ra int
Total 4410
4410-2210 = 2200
1 year 5% 110
Total 2310
2 year 5 % 115.5 rs int
Total 2425.5
Total interest paid
200 +210+ 110+115.5. = 635.5

Kulwinder Nov 9, 2021

Bro 2000 ka 5% 110 kese aya

DK BOSS Jul 16, 2021

answer is 635.50
Explanation:

4000

200 ---- I

200

10 ---- II

---------------

4410

2210

--------

2000

110 ---- III

110

5.50 ---- IV

-----------

2425.50

2210

-----------

4635.50

4000

----------

635.50

Accounting Financial Analyst

Ques:- What is the golden rule of accounting?

Asked In :- VALUEWING CONSULTANCY SERVICES (P), StockEdge, Anand Rathi, BPSC, Eastman Chemical, Haldiram, OCCL, Motilal Oswal Securities, IDP Education, CARE Ratings,

Right Answer:
The golden rule of accounting is: "Debit the receiver, credit the giver."

Aptitude Financial Analyst

Ques:- The average of first 10 odd numbers is?

Asked In :- Birla Cement, DataCore, First American Corporation, ALTRUISTA HEALTH, INC, IMC Trading, Bega Cheese, Allied Bank Pakistan, iServeU (India), Accordion, Rajkot Nagarik Sahakari Bank,

Right Answer:
The average of the first 10 odd numbers is 10.

Comments

nani Reddy Aug 5, 2021

first 10 odd num are 1,3,5,7,9,11,13,15,17,19
sum=100
avg=100/10
avg of 10 odd num =10

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