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| Corporate Practice bd |
Mastering Interview Tips and strategies (Part-01):
Nowadays, interviews play a crucial role in the employee recruitment process. It is the stage where you present your skills, knowledge, and merit before the interviewer. If you are not well-prepared, you may lose the opportunity to secure your desired job. Therefore, every candidate should prepare thoroughly before appearing on the interview board.
In this discussion, we will explore some.
Practical interview tips and strategies that will help you face the interview board with confidence and perform effectively.
01. Enter the interview Room:
May, I coming sir, yes coming, assallamo-allikum sir,Ullikum as salam, hay Mr-X ,Rahman, how are you? I am fine sir,
02. Tell us about yourself:
Thank you very much for giving me a chance to introduce myself before you. I, Md.X Rahman,I have completed M.COM Hons & MBS in Accounting from Ananda Mohan College, Mymensingh. I also have a professional background is 1200 marks completed out of 2000 marks from “ The Institute of Cost and Management Accountants of Bangladesh(ICMAB)”.Now I already serve as an Assistant. Manager –Accounts at ABC group of companies, a unit of XYZ Group, Head office Bannai-H-03. Road No.10, that’s it, sir.
03.Tell us your jobs Responsibility:
I serve Import –Export: transaction Includes-
< Prepare Imported Raw Material Landing Cost.
< Export bill Purchase & Final settlement bill Treatment in Tally ERP.
< All Banking Accounting Treatment like -Contra, JV, BV, RV, CV, CPV
< Cash sales Money receipts Journal entry in ERP.
< Prepare Monthly Receipts & payment /Found flow statement, & report to the GM (F&A)
< Prepare monthly Bank reconciliation statement.
< Found Transfer Entry to Sister concern & Posting to the ERP.
< LTR, RTR, BAIM Loan Liability Creation & Interest Adjustment within bank statement.
< To prepare overdue statements & Overdue Interest calculation.
< Prepare Yearly PRC (Profit realization certificate) statement & send to the bank for certification.
< Prepare Debit Note & send to the Sister concern
I do mention here, My have others soft skill like-
< Advance Excel & presentation Skill
< Able to create Banner Pester, slid show making also.
<Basicweb-developer,skills –my Execution is www.corporatepracticebd.com
< SEO Content creator skill & Optimize them
< On page SEO Expert, Local & Technical SEO Expert also.
04.How do you calculate landing cost? (Describe shortly)
Ans:
< Product price
< Inco terms Expense (load+ unload+ Carrying + Vassal rent)
< LC charge & commission
< Insurance charge
< TTI (Total Tax incident, (CD+SD+RD+AT+VAT)
< Port charge
< Speed money
< Shipping freight
< Internal load +unload
< Inland transport cost
< C& F Charge
05. What is Accounting treatment for Export bill discounted:
|
SL NO. |
Particulars |
Debit(TK) |
Credit(Tk.) |
|
01 |
Bill discounting Journal 90% against bill value($10,000*90%*92) dt.30.04.2023 |
|
|
|
|
CD A/C no.57948 |
8,28,000 |
|
|
|
Bank charge(export) |
600 |
|
|
|
SIBL-IBP-23/2553L,LC-120506070 |
|
8,28,600 |
|
|
(To record 90% discounting the bill) |
|
|
|
02. |
Bank deduct Tk.300 against LC advising charge |
|
|
|
|
Bank charge(Export) |
300 |
|
|
|
CD A/C no.57948 |
|
300 |
|
|
(To record LC advising charge by bank) |
|
|
06.What is Accounting treatment for Final settlement bill:
|
SL NO. |
Particulars |
Debit(TK) |
Credit(Tk.) |
|
01 |
Bill discounting Journal 90% against bill value($10,000*90%*92) dt.30.04.2023 |
|
|
|
|
CD A/C no.57948 |
8,28,000 |
|
|
|
Bank charge(export) |
600 |
|
|
|
SIBL-IBP-23/2566L,LC-120506070 |
|
8,28,600 |
|
|
(To record 90% discounting the bill) |
|
|
|
02. |
Bank deduct Tk.300 against LC advising charge |
|
|
|
|
Bank charge(Export) |
300 |
|
|
|
CD A/C no.57948 |
|
300 |
|
|
(To record LC advising charge by bank) |
|
|
|
03. |
After 120 day Final settlement the bill$(10000*10%) |
|
|
|
|
SIBL-IBP-23/2552L,LC-120506070 |
8,28,600 |
|
|
|
CD A/C no.57948(SIBL) |
51677 |
|
|
|
Interest on LIB(SIBL)Tk{(.828600*10.10%/360)}*120 days |
27896 |
|
|
|
Export bill collection Charge($9*108.50) |
977 |
|
|
|
Advance income tax(AIT@1% of LC value)(SIBL)$10,000@1%*108.50 |
10850 |
|
|
|
Party -XYZ Company ($10,000@92) |
|
9,20,000 |
|
|
To record Final settlement bill LC value $ 10,000received$ 476.2857@108.50 dt.28.08.2023 |
|
|
|
|
|
07.Import charge for Raw Materials (Import):
|
Criteria of Bank charges |
Charges Amount (TK) |
Remarks |
|
Margin deposit for R/C LC
|
5% of LC Value |
|
|
SWIFT charge,
|
TK.2,500 |
|
|
Adhesive stamp charge |
Tk.500
|
|
|
Stationary Charge
|
TK.500 |
|
|
LC Commission |
@0.20% of Total cost
|
|
|
Bank charge |
@0.01% of Total cost
|
|
|
Insurance Premium |
@0.22%of Total cost
|
|
|
LC Amendment |
Charge (if) |
|
|
|
|
|
08.What is IAS?
IAS stands for International Accounting Standards. The IAS was a set of standards that was developed by the International Accounting Standards Committee (IASC). They were originally launched in 1973 but have since been replaced by the IFRS.
09.Can you say some IAS?
IAS = 1 < Presentation of Financial Statements
IAS = 02 <Inventories
IAS = 16 <Property Plan & Equipment (PPE)
IAS = 7 < Statement of Cash flows
IAS = 37 <Provisions, Contingent liabilities, Contingent assets,
10.Individual Income Tax Rate Apply:
Under Finance ACT-2024-2025, Schedule (02-A) Income TAX is determined. (Latest)
|
SL NO. |
Total Income |
Income Tax Rate(Individual) |
|
01 |
First 3,50,000 of Total income |
0% |
|
02 |
Next 1,00,000 of Total income |
5% |
|
03 |
Next 4,00,000 of Total income |
10% |
|
04 |
Next 5,00,000 of Total income |
15% |
|
05 |
Next 5,00,000 of Total income |
20% |
|
06 |
Remaining of Total income |
25% |
Female taxpayers and taxpayers above the age of 65 years
will enjoy tax exemption up to
Tk. 400,000.
Taxpayers of the third gender and with disability will enjoy tax
exemption up to Tk. 475,000.
Gazetted freedom fighters will enjoy tax exemption up to Tk. 500,000.