Aakash Educational Services Accounts & Finance Manager Interview Questions and Answers for Experienced

Revenue is accounted for by recognizing and recording income earned from the sale of goods or services.

• Revenue is recognized when it is earned, not when the payment is received.

• It is recorded in the income statement as a credit entry.

• Different methods can be used to account for revenue, such as accrual accounting or cash accounting.

• Revenue can be recognized over time or at a specific point in time, depending on the nat...read more

To draft an IT assessment questionnaire, consider the purpose, target audience, and relevant areas of assessment.

• Identify the purpose of the assessment questionnaire, such as evaluating IT infrastructure, security, or software systems.

• Determine the target audience, whether it is internal staff, external vendors, or clients.

• Include questions related to IT governance, network infrastructure, data security, software appli...read more