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MCom Interview Questions

The document provides a comprehensive list of interview questions and answers tailored for M.Com freshers, covering key areas such as Finance & Accounts, Procurement, and Behavioral questions. It includes essential concepts like financial statements, procurement processes, and personal strengths. The content is designed to help candidates prepare effectively for job interviews in finance-related fields.

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124 views3 pages

MCom Interview Questions

The document provides a comprehensive list of interview questions and answers tailored for M.Com freshers, covering key areas such as Finance & Accounts, Procurement, and Behavioral questions. It includes essential concepts like financial statements, procurement processes, and personal strengths. The content is designed to help candidates prepare effectively for job interviews in finance-related fields.

Uploaded by

23351012
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Interview Questions and Answers for M.

Com Fresher

Finance & Accounts Interview Questions

FINANCE & ACCOUNTS INTERVIEW QUESTIONS

1. What are the three main financial statements?

Answer: Balance Sheet, Income Statement, and Cash Flow Statement.

2. What is the difference between accounts payable and accounts receivable?

Answer: Payable = Company owes money; Receivable = Others owe the company.

3. Define working capital.

Answer: Working Capital = Current Assets - Current Liabilities.

4. What is depreciation and why is it important?

Answer: It's a reduction in asset value over time; helps match asset cost with revenue.

5. Difference between capital and revenue expenditure?

Answer: Capital = long-term assets; Revenue = daily operations.

6. What is a trial balance?

Answer: A summary of all account balances to ensure debits = credits.

7. What do you know about Tally/ERP software?

Answer: It's used to record transactions, prepare ledgers, and manage taxation.

8. What is the role of a journal entry?

Answer: It records each financial transaction in chronological order.

Procurement Interview Questions

PROCUREMENT INTERVIEW QUESTIONS


Interview Questions and Answers for M.Com Fresher

1. What is procurement?

Answer: The process of sourcing and purchasing business goods/services.

2. What are the steps in the procurement process?

Answer: Identify needs, Select supplier, Negotiate, PO, Receive, Pay.

3. What is the difference between direct and indirect procurement?

Answer: Direct = raw materials; Indirect = operational needs.

4. What is a purchase order (PO)?

Answer: A formal agreement for purchase terms between buyer and supplier.

5. How do you evaluate suppliers?

Answer: Based on price, quality, reliability, delivery, and past performance.

6. What is e-procurement?

Answer: Using electronic tools to manage procurement.

Behavioral Interview Questions

BEHAVIORAL QUESTIONS

1. Tell me about yourself.

Answer: M.Com graduate with finance specialization, detail-oriented, and quick learner.

2. Describe a time you worked in a team.

Answer: During a project on financial statement analysis; I managed data and timelines.

3. How do you handle pressure?

Answer: Prioritize tasks, break them down, and remain calm.


Interview Questions and Answers for M.Com Fresher

4. What are your strengths and weaknesses?

Answer: Strength = Analytical and detail-oriented. Weakness = Overly self-critical.

5. Why should we hire you?

Answer: Strong academic base, willingness to learn, and ready to contribute.

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