Interview Questions for Accounting & MIS Job Seekers

Preparing for accounting or MIS interviews doesn’t have to be stressful. Most companies ask simple, practical questions about accounting basics, GST, Tally, Excel, and reporting. Here are the most common interview questions with sample answers.

🔹 Basic Accounting Interview Questions

1. What is Accounting?

Sample Answer: Accounting is the process of recording, summarizing, and reporting financial transactions so businesses can make decisions and meet legal compliance.

2. What is Double Entry System?

Sample Answer: It records every transaction with equal debit and credit entries to keep the accounting equation balanced:
Assets = Liabilities + Capital

3. Difference Between Capital and Revenue Expenditure?

Capital Expenditure: Long-term asset purchase (machinery, furniture).
Revenue Expenditure: Daily running expenses (rent, salary, electricity).

4. Explain Debit and Credit.

Sample Answer: Debit increases assets & expenses, while credit increases income, liabilities, or capital.

5. What is GST?

Sample Answer: GST is a unified indirect tax applied on the supply of goods and services across India.

6. What is TDS?

Sample Answer: TDS is tax deducted at source by the payer on payments like rent, salary, commission, or professional fees.

🔹 Tally & Software-Based Questions

7. Which Software Are You Comfortable With?

Sample Answer: Tally Prime, Excel, Busy, and GST filing portals. I can also prepare MIS and financial reports using spreadsheets.

8. How Do You Record GST Entries in Tally?

Sample Answer: Enable GST → Create GST ledgers → Record sales/purchase entries → Verify tax auto-calculation → Check GSTR reports.

9. Can You Create a Bank Reconciliation Statement?

Sample Answer: Yes. I match bank statement entries with ledger entries, identify mismatches, and adjust to make balances equal.

🔹 MIS-Related Interview Questions

10. What Is MIS?

Sample Answer: MIS is Management Information System, used to collect, analyze, and report business data for decision-making.

11. Which Reports Can You Create in Excel?

Sales Report
Purchase Report
Stock Summary
Profit & Loss Statement
Payroll/Attendance Report
Pivot Table Dashboards

12. What Excel Functions Do You Use Most?

Sample Answer: VLOOKUP, XLOOKUP, SUMIF, IF, COUNTIF, Pivot Tables, Data Validation, Conditional Formatting.

🔹 Practical / Scenario-Based Questions

13. A Customer Invoice Is Wrong. What Will You Do?

Sample Answer: Check supporting documents → Correct the entry → Issue updated invoice or credit note → Update records.

14. How Do You Prioritize Work During Month-End?

Answer: I organize reconciliation, GST reports, salary processing, ledger review, and closing entries based on deadlines and accuracy.

🔹 HR & Personality Questions

15. Why Should We Hire You?

Sample Answer: I have practical knowledge in accounting, GST, Tally, and MIS reporting. I learn quickly, work honestly, and enjoy financial tasks.

16. Where Do You See Yourself in 3 Years?

Sample Answer: As a skilled finance professional handling GST, taxation, MIS reporting, and leading accounting responsibilities.

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