Interview Questions for Accounting Jobs (With Answers for Freshers & Experienced)

Preparing for an accounting job interview requires both theoretical knowledge and practical understanding of bookkeeping, GST, reconciliations, and financial reporting.

In this article, we cover the most common accounting interview questions with answers to help you prepare confidently and increase your chances of getting hired.

Basic Accounting Interview Questions

Tell me about yourself (Accountant sample answer)

“I am a commerce graduate with experience in bookkeeping, GST filing, bank reconciliation, and invoice preparation. I have worked with Tally and Excel and supported month-end closing activities. I am detail-oriented and comfortable working with deadlines.”

What are the golden rules of accounting?

• Debit the receiver, credit the giver

• Debit what comes in, credit what goes out

• Debit expenses and losses, credit income and gains

Difference between Accounts Payable and Accounts Receivable

Accounts Payable (AP): Amount payable to suppliers
Accounts Receivable (AR): Amount receivable from customers

What is bank reconciliation?

Bank reconciliation is the process of matching the company’s cash book with the bank statement to identify differences such as bank charges, outstanding cheques, or direct deposits.

What is GST?

GST (Goods and Services Tax) is an indirect tax applied to the supply of goods and services.

Common GST returns:

• GSTR-1

• GSTR-3B

• GSTR-9

What is depreciation?

Depreciation is the reduction in the value of a fixed asset over time.

Methods:

• Straight Line Method

• Written Down Value Method

What is working capital?

Working Capital = Current Assets − Current Liabilities
It indicates a company’s short-term financial health.

Advanced Accounting Interview Questions

These are common for Accounts Executive, AR/AP, and Accountant roles:

• How do you perform month-end closing?

• What is AR ageing analysis?

• How do you handle reconciliation differences?

• How do you ensure GST compliance?

• What accounting software have you used?

Accounting Interview Preparation Tips

• Revise journal entries

• Practice Excel formulas (VLOOKUP, Pivot Table, IF)

• Understand GST basics

• Prepare real-work examples

• Keep answers concise and practical

FAQ — Accounting Interview Questions

What questions are asked in an accounting interview?

Common questions include journal entries, GST basics, bank reconciliation, depreciation, working capital, and AR/AP concepts.

How do I prepare for an accountant interview?

Focus on:

• Accounting fundamentals

• GST basics

• Excel skills

• Accounting software knowledge

• Practical examples from experience

Is GST knowledge required for accounting jobs?

Yes. Most accounting roles in India require basic knowledge of GST returns, invoicing, and compliance.

What skills are required for accounting jobs?

Important skills include:

• Bookkeeping

• Reconciliation

• Excel

• GST compliance

• Attention to detail

Conclusion

Accounting interviews test both technical knowledge and practical experience. Preparing common interview questions in advance helps you answer confidently and improves your chances of selection.

If you need help with:

• Accounting resume preparation

• Interview preparation

• GST and bookkeeping services

You can contact Professional Duniya.