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I applied via Referral and was interviewed in Feb 2021. There were 4 interview rounds.
Prepaid expenses impact balance sheet as assets and are treated as expenses in final accounts.
Prepaid expenses are expenses paid in advance for goods or services that will be received in the future.
They are recorded as assets on the balance sheet until they are used or expire.
In the final accounts, prepaid expenses are treated as expenses and deducted from the total expenses to arrive at the net profit.
If the prepaid e...
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posted on 13 May 2021
Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence or other factors.
Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.
It is calculated based on the useful life of the asset and the method of depreciation chosen.
Examples of assets that can be depreciated include buildings, vehicles, machinery, and equipment.
Depreciation can be straight-...
Accounts payable is the amount of money a company owes to its vendors or suppliers for goods or services received but not yet paid for.
Accounts payable is a liability account in the company's balance sheet.
It represents the amount owed to vendors or suppliers for goods or services received.
Accounts payable is recorded when the company receives an invoice from the vendor or supplier.
The payment is usually due within a s...
posted on 5 Apr 2021
posted on 28 Nov 2019
I applied via Indeed and was interviewed before Nov 2018. There were 4 interview rounds.
I was interviewed in Aug 2024.
Numerical verbal abstracts and logical reasoning questions.
Experienced accountant with strong analytical skills and a passion for financial management. Goal-oriented and dedicated to continuous learning and growth.
Strengths include attention to detail, problem-solving skills, and proficiency in financial software
In five years, I see myself as a senior accountant or financial manager, leading a team and contributing to the strategic growth of the organization
I am interested in ...
One of my weaknesses is that I can be overly critical of my own work.
I tend to be a perfectionist and can spend too much time on a task to ensure it is flawless
I sometimes struggle with delegating tasks to others because I want to make sure they are done correctly
I am working on improving my time management skills to prioritize tasks more effectively
I was interviewed in Jan 2025.
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable is a liability on the balance sheet
It represents the amount of money owed by a company to its suppliers or vendors
It is typically recorded when goods or services are received but payment has not yet been made
Accounts payable is an important part of a company's working capital man
Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
It is used to identify any discrepancies between the two sets of records.
It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.
The goal is to ensure the accuracy of the company's financial records and the bank's records.
Once discrepancies are identifi...
I was interviewed in Nov 2024.
I am a dedicated and experienced Executive Accountant with a strong background in financial management and strategic planning.
I have over 10 years of experience in accounting and finance
I have a proven track record of successfully managing budgets and financial reporting
I am skilled in financial analysis and forecasting
I have a strong understanding of GAAP and financial regulations
I have excellent communication and lea
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
Accounting involves recording financial transactions of a business.
Types of accounts include assets, liabilities, equity, revenue, and expenses.
Assets are resources owned by the business, like cash and inventory.
Liabilities are obligations of the business, such as loans and accounts payable.
Equity represen...
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