Do you want to read questions I was asked by Interviewer for accountant post in  the Nepalese private organizations? The examination I faced often go through basic, one read in high school. One of the common things about interviewer, they also can not show professionalism. So chill-out and one need is 'CONFIDENT'.

1. Get used to with your basic accounting principles.

Often I was asked about the accounting foundation:

Example.

What Is Real account? How it is different from Personal account?👈

Is goodwill is intangible assets or  fictitious asset?

***What is Ficitious Asset?

(Fictitious Asset  are not an asset in the true sense but this is a huge amoount of expenses or losses which are unclaimed in profit/loss account during the year in which they are incurred/ Discount on issue of Debenture/Equity or Preference shares, Business promotion Expenses( if it has huge value), Preliminary Expenses, Any loss on issue of Debenture/Equity or Preference shares.)

Do you know accounting equation?

2.Get used to with Income statement and Balance sheet detail👇.

3.Try to update oneself with Income tax act 2058, VAT act 2052 and more update with IRD system.

4.You will be asked to make journal entry in Tally, or others.

5. Accounting related termology.

 to be continued..........