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Prepaid entry for expenses refers to recording expenses paid in advance as assets until they are used or consumed.
Prepaid expenses are initially recorded as assets on the balance sheet
They are gradually expensed over time as they are used or consumed
Common examples include prepaid rent, insurance, and supplies
Accrual entries for expenses are recorded when expenses are incurred but not yet paid.
Accrual entries are made to match expenses with the revenue they generate in the same accounting period.
These entries are necessary for accurate financial reporting.
Examples of accrual entries for expenses include salaries payable, rent payable, and utilities payable.
I applied via Naukri.com and was interviewed in Jan 2024. There was 1 interview round.
I am a dedicated professional with experience in project management and team leadership.
Managed cross-functional teams to successfully deliver projects on time and within budget
Developed and implemented strategic plans to achieve company goals
Led training sessions for new employees to ensure smooth onboarding process
I applied via Naukri.com and was interviewed in Feb 2024. There was 1 interview round.
Apex Group interview questions for designations
Get interview-ready with Top Apex Group Interview Questions
I applied via Job Portal and was interviewed in Mar 2023. There were 3 interview rounds.
CDD stands for Customer Due Diligence, while EDD stands for Enhanced Due Diligence. CDD is a standard process to verify customer identity, while EDD is a more thorough investigation for higher risk customers.
CDD is a basic process to verify customer identity and assess the risk level.
EDD is a more in-depth investigation conducted for higher risk customers.
CDD is mandatory for all customers, while EDD is typically reser...
Private equity is a type of investment where funds are raised from investors to acquire and invest in private companies.
Private equity firms typically buy a controlling stake in a company and then work to improve its operations and profitability before selling it for a profit.
Private equity investments are typically made in companies that are not publicly traded.
Private equity can be used to finance growth, acquisition...
I applied via Naukri.com and was interviewed in Nov 2022. There were 2 interview rounds.
I applied via Campus Placement and was interviewed in Apr 2022. There were 2 interview rounds.
I was interviewed in Aug 2022.
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