Skip to content

Most Popular Accounting Interview Topics for Government Jobs

To find the most popular accounting interview topics for government jobs, we researched the Internet, previous year patterns, and surveyed many job seekers. Consequently, we compiled the top accounting and finance interview questions and will share them with you today. I hope that this article will assist you in landing your next dream Sarkari Job.

There are a number of technical questions in the below list that are necessary to know for all beginner (entry-level) to intermediate level accounting exams. These include those for the Public Service Commission, Defence jobs, UPSC, SSC, Railways, Bank jobs, TET, IBPS PO, accounting jobs, insurance jobs, teaching jobs, Police jobs, RBI, etc.

Most Popular Accounting Interview Topics for Government Jobs

While there are many important accounting topics, we will only discuss the most important ones from the perspective of an accounting interview.

Accounting Terms You Should Thoroughly Know

Accounting Terms
  • Three Golden Rules of Accounting
  • Three Types of Accounts in Accounting
  • 3 Major Financial Statements
  • Amortization and Depreciation
  • Fictitious Assets
  • Journal & Ledger
  • Trial Balance
  • Suspense Account
  • Debit & Credit
  • Subsidiary Books of Accounting
  • Working Capital
  • Capex & Opex
  • Direct & Indirect Expenses
  • Basics of Indian Accounting Standards
  • Contingent Liabilities & Contingent Assets
  • Contra Accounts
  • Reserves & Provisions
  • Accruals
  • Bank Reconciliation Statement
  • Deferred Revenue Expense
  • Bad Debts
  • Compound Journal Entry
  • Accounting Equation
  • GST

Journal Entries

Journal Entries

There are many types of journal entries in the world of finance. Some of them are accrual entries, offset entries, true-up entries, reclassification entries, reversal entries, basic entries, etc. Journal entries are among the top most frequently asked accounting interview topics in government jobs.

During our research, we found an article with lots of journal entry examples and a downloadable PDF file.

List of journal entries often asked in Sarkari interviews

  • Entry for Drawings
  • Entry for Bad Debts
  • Entry for Charity and Free Samples
  • Entry for Prepaid Expense & Outstanding Expenses
  • Entry for Income Received in Advance and Accrued Income
  • Entry for Depreciation
  • Entry for Interest on Capital
  • Entry for Interest on Drawings
  • Entry for Manager’s Commission
  • Entry for Discounts
  • Entry for Carriage
  • General entries like for true up, reclassification, offset, etc.
  • Entry for Loss/Profit on sale of assets
  • Entry for Director’s Remuneration
  • Entry for Loans
  • Entries related to GST
  • Opening and Closing Entries

Adjustments in Final Accounts

Adjustment in Financial Statements

It is mandatory to record all income earned during an accounting period, regardless of whether it has been received. It is also necessary to account for all expenses incurred during the period regardless of whether they are paid. This is the primary reason why adjustments are made in the final accounts.

The following adjustments often appear in written exams related to government jobs:

  • Provision for Doubtful Debts
  • Outstanding Expenses
  • Prepaid or Unexpired Expenses
  • Accrued or Outstanding Income
  • Income Received In Advance or Unearned Income
  • Bad Debts
  • Closing Stock
  • Provision for Discount on Debtors
  • Manager’s Commission
  • Depreciation
  • Interest on Capital
  • Drawing of Goods for Personal Use
  • Goods Distributed among Staff Members
  • Abnormal or Accidental Losses

Investopedia is also a great website to learn and prepare for finance interviews.

Ratio Analysis

Ratio Analysis

An expression that represents a relationship between two figures, in this case, financial data, is called a ratio. Most commonly, a ratio is expressed as X:Y, X to Y, or X/Y.

The following ratios are asked in accounting interviews related to Sarkari jobs:

  • Operating Profit Ratio
  • Debtor’s Turnover Ratio
  • Debt to Equity Ratio
  • Proprietary Ratio
  • Interest Coverage Ratio
  • Acid Test Ratio
  • Creditor’s Turnover Ratio
  • Current Ratio
  • Debt to Asset Ratio
  • Operating Cash Flow Ratio
  • Fixed Assets Ratio
  • Net Profit Ratio
  • Super Quick Ratio
  • Sacrificing Ratio
  • Gaining Ratio
  • Stock Turnover Ratio
  • Gross Profit Ratio

MS Excel


You will spend half of your life in the corporate world using Excel, so it is important to become proficient with it. Some of the most commonly asked topics around this tool are:

  • LEFT
  • TRIM
  • SUM and SUMIF
  • MAX & MIN
  • IF, AND, OR
  • ABS
  • Text to Column
  • Pivot Tables
  • Sort and Filter
  • Conditional Formatting
  • Tables and Charts
  • Freeze Panes

ERP Knowledge

Software and technology facilitate the integration of main business processes, often in real-time. These tools are utilized in the financial world to manage the movement of money, taxation, compliance, reporting, etc.

Top ERPs being used as of today are:

  • Tally
  • Sage
  • Marg
  • SAP
  • Busy
  • Zoho Books
  • QuickBooks India
  • Oracle


In addition to all the accounting interview topics listed above, communication skills are one of the most important aspects of a face-to-face interview. It should not be ignored and

Accounting Interview Preparation eBook

We also found an accounting interview eBook on with the name “Golden Book of Accounting and Finance Interviews”. This covers 40 most commonly asked accounting questions along with their respective answers. The rating for this product is 4.1 stars, and it has overall received a positive feedback.