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I was interviewed in Dec 2024.
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Accrual process is a method of recognizing revenues and expenses when they are incurred, regardless of when cash is exchanged.
Accrual process involves recording revenues and expenses in the period they are earned or incurred, regardless of when cash is received or paid.
This method provides a more accurate representation of a company's financial position and performance.
For example, if a company provides services in Dec...
Prepaid process involves receiving payment for goods or services before they are delivered, impacting profit and loss statement by deferring revenue recognition.
Prepaid process involves receiving payment in advance for goods or services.
Revenue from prepaid items is recognized gradually over time as the goods or services are delivered.
Prepaid expenses are recorded as assets on the balance sheet until they are used or e...
posted on 29 Nov 2022
I applied via Approached by Company and was interviewed in May 2022. There were 4 interview rounds.
General accounting question and mental ability
posted on 16 Nov 2024
I applied via Referral and was interviewed in May 2024. There were 4 interview rounds.
30 aptitude questions in 30 minutes
1 topic was given to discuss
I applied via Naukri.com and was interviewed in Feb 2024. There was 1 interview round.
P2P process stands for procure-to-pay process, which involves the steps from requisition to payment for goods or services.
Requisition: Requesting the purchase of goods or services
Purchase Order: Formal document outlining the details of the purchase
Receipt of Goods/Services: Confirming delivery and quality
Invoice Processing: Verifying the invoice against the purchase order and receipt
Payment: Issuing payment to the vend
Two online tests - one related to math skills the other physiological
posted on 26 May 2023
I am excited to join your team because of your reputation for innovation and commitment to excellence.
I have researched your company and am impressed by your track record of success.
I am excited about the opportunity to work with a team of talented professionals.
I believe that I can contribute to your company's success and help drive growth.
I am looking for a challenging and rewarding role that will allow me to develop...
INDAS 115 is a new accounting standard that governs revenue recognition from contracts with customers.
INDAS 115 replaces the previous accounting standard INDAS 18
It requires companies to recognize revenue when goods or services are transferred to customers in an amount that reflects the consideration to which the company expects to be entitled
The standard also requires companies to disclose information about the nature...
INDAS 116 Leases is a new accounting standard that changes the way leases are accounted for.
Under INDAS 116, lessees are required to recognize all leases on their balance sheet as a right-of-use asset and a lease liability.
This standard eliminates the distinction between operating and finance leases.
Lessees must now recognize interest and depreciation expenses separately on their income statement.
INDAS 116 also introdu...
I applied via Referral and was interviewed before May 2023. There were 2 interview rounds.
Excel, sql, python....
Time work, Algebra trigonometry probability logical aptitude, reasoning
posted on 8 May 2021
I applied via Campus Placement and was interviewed in Apr 2021. There were 3 interview rounds.
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