Interview Questions for CA

Q1. What do you understand by the term Gross Profit Margin?

Q2. How can surplus be calculated?

Q3. Is there a difference between statutory audit and internal audit?

Q4. How is inflation measured?

Q5. What are the probable disadvantages that a mixed economy system might have?

Q6. Explain the term BOP.

Q7. Why do you think economics is considered to be a part of social science?

Q8. What is the difference between finance and accounts?

Q9. Why should an internal audit department be evaluated?

Q10. Can tax on freight (service) be taken outward?

Q11. If the sales of a company had to triple, then will the fixed expenses decrease or increase?

Q12. Will you include sole proprietor's compensation in salaries expense?

Q13. An Administrative office building’s property tax will have what kind of cost behavior?

Q14. What are the four parts in which the Statement of Cash Flows can be divided?

Q15. Can Depreciation Expense be termed as a noncash expense?

Q16. What is the most important element in partnership?

Q17. When can an auction sale be considered complete?

Q18. When can random sampling prove to be effective?

Q19. When are contra entries passed?

Q20. balance of petty cash be considered as income?

Q21. Where in the Balance Sheet does loss appear?

Q22. What is the difference between rebate and trade discount?

Q23. Why did you want to join the field of Chartered Accountancy?

Q24. What are the qualities that a good chartered accountant must have?

Q25. Did you ever discover an invoice discrepancy? How did you resolve it?

Q26. Before approving an invoice for payments what are the steps that you should take?

Q27. What do you know about the accounts payable cycle?

Q28. What according to you are the biggest challenges faced by the accounting professionals nowadays?

Q29. Have you ever implemented any cost-cutting measures in your previous company?

Q30. What are the various ways through which you evaluate financial risk?

Q31. What effects do the international accounting standards have on the developing nations’ accounting practices?

Q32. What are the Golden Rules of accountancy?

Q33. How would you go about project implementation?

Q34. What are the various kinds of depreciation?

Q35. Have you ever developed an accounting process?

Q36. What is the procedure for the preparation of finalization of accounts?

Q37. Can assets be termed as a permanent account?

Q38. If a company’s accounting year ends on a day that is not the last day of the calendar year, what is it called?

Q39. How would you prepare for tax planning?

Q40. On an average how many invoices can you handle per week?