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I applied via Campus Placement and was interviewed in Oct 2021. There were 2 interview rounds.
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I applied via Walk-in and was interviewed before Jan 2020. There were 4 interview rounds.
Trial balance is used to ensure that the total debits equal the total credits in the accounting records.
Helps in detecting errors in the accounting records
Ensures accuracy of financial statements
Assists in preparing financial statements
Used to identify adjusting entries
Provides a summary of all ledger accounts
Example: If the trial balance shows a difference, it indicates that there is an error in the accounting records
I applied via Referral and was interviewed before May 2021. There were 2 interview rounds.
GST return filing is important for compliance and claiming input tax credit.
It ensures compliance with GST laws and regulations.
It allows businesses to claim input tax credit on purchases.
Late filing can result in penalties and interest charges.
It provides transparency in the tax system and helps prevent tax evasion.
Examples of GST returns include GSTR-1, GSTR-3B, and GSTR-9.
I applied via Newspaper Ad and was interviewed in Feb 2022. There were 2 interview rounds.
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I applied via Company Website and was interviewed in Aug 2022. There were 2 interview rounds.
I applied via Recruitment Consulltant and was interviewed in Aug 2022. There were 4 interview rounds.
Accounts knowledge question related.
I am a junior accountant with a strong background in finance and accounting. I am detail-oriented, analytical, and have excellent problem-solving skills.
Bachelor's degree in Accounting
Experience with financial analysis and reporting
Proficient in using accounting software such as QuickBooks
Strong knowledge of GAAP
Excellent communication and interpersonal skills
Ability to work independently and as part of a team
Golden rules of accounting are basic principles to maintain financial records accurately.
Debit the receiver, credit the giver
Debit what comes in, credit what goes out
Debit all expenses and losses, credit all incomes and gains
Assets are resources owned by a company while liabilities are obligations or debts owed by a company.
Assets include cash, accounts receivable, inventory, property, and equipment.
Liabilities include accounts payable, loans, and accrued expenses.
Assets are listed on the left side of the balance sheet while liabilities are listed on the right side.
The difference between assets and liabilities is known as equity or net wor
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-...
I applied via Approached by Company and was interviewed in Feb 2022. There were 2 interview rounds.
Golden rules are basic principles of accounting that guide the recording of financial transactions.
There are three golden rules: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.
These rules ensure that every transaction is recorded accurately and consistently.
For example, if a company receives cash from a customer, the cash account is de...
Account payable is the amount of money a company owes to its suppliers or vendors for goods or services received but not yet paid for.
It is a liability on the company's balance sheet
It represents the amount owed to suppliers or vendors
It is recorded as a credit in the company's books
Examples include unpaid invoices for raw materials, utilities, or rent
It is important to manage and pay accounts payable on time to mainta
SAP and ERP are enterprise software solutions used for managing business operations and resources.
SAP stands for Systems, Applications, and Products in Data Processing.
ERP stands for Enterprise Resource Planning.
Both SAP and ERP help in streamlining business processes, improving efficiency, and reducing costs.
They provide a centralized database for managing various functions like finance, HR, inventory, and supply chai...
A blanket order is a purchase order that covers multiple deliveries over a period of time, usually for a fixed amount.
It is a type of purchase order.
It covers multiple deliveries over a period of time.
It is usually for a fixed amount.
It is commonly used for recurring orders of the same item.
It simplifies the ordering process and reduces administrative costs.
Example: A company may place a blanket order for office suppli...
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