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I applied via Naukri.com and was interviewed in Nov 2019. There was 1 interview round.
BRS is the process of comparing the bank statement with the company's records to ensure the accuracy of the financial transactions.
BRS is a crucial accounting process to identify any discrepancies between the bank statement and the company's records.
It involves reconciling the ending balance of the bank statement with the ending balance of the company's cash account.
Examples of items that may cause discrepancies includ...
A credit note is a document issued by a seller to a buyer, reducing the amount owed by the buyer to the seller.
A credit note is used to correct errors in invoices or to provide refunds to customers.
It is typically issued when goods are returned by the buyer or when there is a price adjustment.
The credit note includes details such as the original invoice number, the reason for the credit, and the amount being credited.
F...
Deferred revenue expenditure refers to expenses that are incurred in the current accounting period but are allocated over multiple periods.
Deferred revenue expenditure is an accounting concept where certain expenses are not fully recognized in the current period but are spread over future periods.
These expenses are treated as assets and are gradually written off over the useful life of the asset.
Examples of deferred re...
Contingent liabilities are potential obligations that may arise in the future depending on certain events or circumstances.
Contingent liabilities are not actual liabilities but are potential liabilities that may arise in the future.
They are dependent on certain events or circumstances that may or may not occur.
Examples of contingent liabilities include lawsuits, warranties, and guarantees.
Another example is a company's...
The journal entries for purchasing 5 vehicles for trading and office use.
Debit the Vehicles account for the cost of the 5 vehicles
Credit the Cash/Bank account for the payment made
Debit the Office Use Expenses account for the cost of the vehicle used for office
Credit the Vehicles account for the cost of the vehicle used for office
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I applied via Naukri.com and was interviewed in Apr 2024. There was 1 interview round.
GST all problems solution & management solutions
posted on 8 May 2024
I was interviewed in Apr 2024.
Golden rules of Accounting are basic principles that guide the process of recording financial transactions.
There are three golden rules of accounting: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit expenses and losses, Credit income and gains.
These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.
For example, when a company receives cash f...
I have a strong interest in accounts due to my analytical skills and passion for numbers.
I enjoy working with financial statements and analyzing data to identify trends and patterns
I have a keen eye for detail and accuracy, which is essential in accounting
I find satisfaction in balancing accounts and ensuring accuracy in financial records
I am always eager to learn about new accounting principles and regulations to stay
Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
Balance sheet provides a snapshot of a company's financial position
It shows what a company owns (assets), owes (liabilities), and the amount invested by shareholders (equity)
The formula for a balance sheet is Assets = Liabilities + Shareholders' Equity
Examples of assets include cash, i...
I applied via Company Website and was interviewed in Jun 2023. There were 3 interview rounds.
Private company are government company better then in national development
posted on 14 Sep 2022
I applied via Naukri.com and was interviewed in Mar 2022. There were 2 interview rounds.
posted on 16 Oct 2021
I applied via Referral and was interviewed in Oct 2021. There was 1 interview round.
I applied via Naukri.com and was interviewed before Dec 2020. There was 1 interview round.
based on 4 reviews
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