COMMERCE RELATED /CREDIT OFFICER INTERVIEW QUESTIONS—EASY TO MODERATE LEVEL

 
 1. Tell about double entry book keeping 2. Accounting concepts – going concern, cost concept, business entity concept.
business entity concept.
business entity concept. 3. Tell about Balance Sheet a few important points. 4. Trial Balance 5. What are Reserves. 6. Accounting standards. ---tell about this 7. Tell about types of depreciation 8. Trading Account 9. Profit and Loss account 10. Accounting procedure for non profit organizations –donations, legacies,
legacies,
legacies, 11. Distinction between receipts and payments and Income and expenditure account
expenditure account
expenditure account 12. Tell the salient features of Partnership Act relating to accounting 13. Joint Stock Companies ---- Types of shares 14. Debentures 15. Dividends 16. Tell the major changes relating to Balance Sheet in revised schedule vi of companies act 1956
vi of companies act 1956
vi of companies act 1956 17. Detail the general instructions for preparing of companys’ Balance Sheet
Sheet
Sheet 18. What are long term funds 19. Non current assets 20. Intangible assets 21. Current assets 22. Contingent Liabilities and commitments 23. Significance and purpose of financial statement analysis 24. Principal tools of analysis – Ratio Analysis and Interpretation
Interpretation
Interpretation 25. Ratios relating to Long term liquidity, short term liquidity. Solvency and profitability, Importance of Return on Investments,
liquidity. Solvency and profitability, Importance of Return on Investments,
liquidity. Solvency and profitability, Importance of Return on Investments, 26. Advantages and limitations of Ratio Analysis 27. Comparison of financial statements 28. Various sources and application of funds, calculation of funds from operations, preparation of funds flow statement, schedule of changes in working capital, uses of funds
funds from operations, preparation of funds flow statement, schedule of changes
in working capital, uses of funds
funds from operations, preparation of funds flow statement, schedule of changes
in working capital, uses of funds 29. Meaning of Cash flow statement and distinction from funds flow statement, Accounting Standards (AS-3), Preparation of cash flow statement, Objectives and use of cash flow statement.
statement, Accounting Standards (AS-3), Preparation of cash flow statement,
Objectives and use of cash flow statement.
statement, Accounting Standards (AS-3), Preparation of cash flow statement,
Objectives and use of cash flow statement. 30. Nature and objectives of Auditing 31. Statutory and Non statutory audits 32. Broad outline of company audit 33. Internal and Management auditing 34. Forms of Business organisations--- 35. Capital and Money Markets – distinction. .analysis 36. Causes for Business combinations 37. Horizontal combination and Vertical combination 38. Federations, Associations for Business 39. Competition Commission of India 40. Rationalisation of companies/businesses 41. Foreign Trade – Import procedures 42. Foreign Trade – export procedures 43. Functions of Management 44. Elements of Planning 45. Principles of Organisation 46. Centralisation and decentralisation of authority 47. Motivation concepts 48. Leadership concepts 49. Why you must be selected 50. Credit monitoring analysis/services
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