15 to 30 random questions in 15 to 30 minutes, by the level you choose: journal entries, final accounts, brs, ap/ar, ratios, costing, ind as. After you submit you get your score, your strong and weak topics, and the right answer with an explanation for every question.
Want to revise first? Read the Accounting and Finance interview questions and answers.
The test covers 13 topics across three levels. Each attempt picks 15 to 30 questions at random, by the level you choose, so every attempt is different.
One question from each level, the way they appear in the test. A new set comes on the 1st of every month. Try it, then open the answer.
Answer: One person enters a transaction and another reviews and approves it. Maker-checker is a basic control: the maker prepares a voucher or payment and a different person, the checker, verifies it against documents before it posts or goes out. Approving your own work defeats the purpose.
Answer: 6,000 units. Contribution must cover fixed costs and then provide the profit: (6,00,000 + 3,00,000) / 150 = 6,000 units. 4,000 units is only the break-even point, where profit is nil.
Answer: Rs 42 lakh. Receivables = 1 lakh a day x 30 = 30 lakh; stock = 0.8 x 40 = 32 lakh; payables = 0.8 x 25 = 20 lakh. Need = receivables + stock - payables = 42 lakh. Adding payables instead of subtracting them is the usual slip, as supplier credit funds part of the cycle.
Take the full Accounting and Finance mock test: 15 to 30 questions and 15 to 30 minutes, by level.
A question counts as right only when you pick exactly the right option, or all the right options where it says so; a question left blank counts as wrong. Your score is the share of the test's questions you got right (15 to 30, by level). The result also scores every topic, so you know what to revise before the interview.
Yes. The Accounting and Finance mock test is free. You need a free CoreHRx Jobs account to start it, so your score and the topics to work on are saved.
It depends on the level: Fresher has 15 questions in 15 minutes, Intermediate has 20 questions in 20 minutes, Experienced has 30 questions in 30 minutes. They are multiple-choice questions picked at random from a larger bank of Accounting and Finance questions at your level, so every attempt is different.
The questions cover Ind AS and Indian GAAP, Month-End Close and Controls, Cost Accounting, Accruals and Provisions, Depreciation and Fixed Assets, Final Accounts, Journal Entries, Ledgers and Trial Balance, Accounts Payable, Accounts Receivable, Cash Flow and Working Capital, Ratio Analysis, Bank Reconciliation. Your result shows how you did in each topic.
Fresher if you are a student or have less than a year of experience, Intermediate for 1 to 5 years at work, and Experienced for 5 years or more.
Only your best Accounting and Finance score, and only when it is 60% or more. It shows on the job applications you send on CoreHRx. Lower scores stay private.
Yes, up to 10 tests a day. Each attempt picks questions you have not seen recently first.
