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Home Interview Accounting and Finance Comments

  • Question
  • what is the job description of a payroll officer?


  • Correct Answer
  • 1 Collection of attendance / collation of attendance 2 Scrutunizing the received attendance 3 Calculating the salary as per the attendance, based on LOP received 4 Once the Payroll Processing is over, the gross salary should be checked with Master Data of salary 5 Netpay has to request for bank transfers / cheque 6 Need to take care of statutories like PF / ESI / PT / Income Tax 7 While processing salary, statutory deductions like PF / ESIC / PT and income tax calculations tobe taken care 8 Arriving the salary structure for New Joiners 9 F&F tobe done for resigned employees 10 PF & ESI Nomination has to take care for the new joiners 11 PF Settlement / PF transfer has to take care for the resigned employees after 60days from the date of resignation 


  • Accounting and Finance problems


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    • 1. Foreign Exchange Rates refer to the
    • Discuss
    • 2. Financial statements are prepared from which trial balance?

    • Options
    • A. Unadjusted trial balance
    • B. Adjusted trial balance
    • C. Post- closing trial balance
    • D. None of the above
    • Discuss
    • 3. Interest is usually associated with

    • Options
    • A. doubtful accounts
    • B. bad debts
    • C. accounts receivable
    • D. notes receivable
    • Discuss
    • 4. Tally package is developed by

    • Options
    • A. Tally Solutions
    • B. Coral Softwares
    • C. Vedika Softwares
    • D. Peutronics
    • Discuss
    • 5. When referring to student loans what is a grace period?

    • Options
    • A. 6 months
    • B. 12 months
    • C. 18 months
    • D. 24 months
    • Discuss
    • 6. What is the meaning of invoice?
    • Discuss
    • 7. What is meant by liabilities ?
    • Discuss
    • 8. How does the payment mechanism work?
    • Discuss
    • 9. What do you understand by Intercompany Settlement?
    • Discuss
    • 10. What is 3 Way Matching?
    • Discuss


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