Accounts Officer Recruitment Exam Questions with Answer

If you are aspiring to become an Accounts Officer, proper preparation and practice are key. In this article, we bring you most frequently asked Accounts Officer exam questions with answers to help you succeed in the upcoming recruitment exams.

This guide covers objective questions, reasoning, accounting concepts, and general awareness questions, all structured to improve your exam readiness.

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Accounts Officer Exam Questions

Q1. Parliament has the power to levy tax on income other than

? Correct Answer: B) Agricultural income

Q2. The basic source of income tax law is

? Correct Answer: A) Income Tax Act 1961

Q3. As per section 2(7) ‘Assessee’ means

? Correct Answer: D) All the above

Q4. As per section 2(24) definition of income is

? Correct Answer: A) Inclusive

Q5. Assessment year is the period of 12 months commencing on 1st day of

? Correct Answer: A) April every year

Q6. Which of the following income is not included in the term ‘income’?

? Correct Answer: D) Reimbursement of travelling expenses

Q7. Total (taxable) income means aggregate of incomes under all head of income

? Correct Answer: A) After claiming deduction under Sec VI A

Q8. ________ paid by Government of India to a citizen of India for rendering service outside India is exempt under section 10(7).

? Correct Answer: B) Allowances and perquisites

Q9. Tax paid by the employer on non monetary perquisites provided to the employee is exempt under section ______.

? Correct Answer: C) 10(10CC)

Q10. Any sum received by an individual as a member of HUF from the income of HUF shall be

? Correct Answer: B) Fully exempt under section 10(2)

Tips to Prepare for Accounts Officer Exam

  1. Understand Accounting Principles: Make sure you revise basic accounting concepts, ledgers, journals, and trial balances.
  2. Practice Previous Year Questions: Solving past exam papers improves accuracy and speed.
  3. Stay Updated on Finance & Economy: Read current financial news, RBI policies, GST updates, and budget highlights.
  4. Time Management: During the exam, solve easy questions first and manage time efficiently for complex numerical problems.

Sample Mock Questions for Practice

QuestionOptionsAnswer
Which of the following is a liability?Loan, Cash, Furniture, BuildingLoan
Depreciation on fixed assets is recorded in which account?Capital, Expense ?, Income, LiabilityExpense
Who regulates banking sector in India?SEBI, RBI ?, IRDA, PFRDARBI
Accounts Officer is responsible for?Maintaining accounts ?, HR management, Legal work, MarketingMaintaining accounts

Practicing questions in tabular format improves memory retention and speed.


Conclusion

The Accounts Officer recruitment exam tests your knowledge of accounting, financial management, reasoning, and general awareness. By practicing questions and understanding concepts, you can increase your chances of selection.

Use this guide as a reference for exam preparation, and remember to stay consistent in your practice.