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I applied via Approached by Company and was interviewed in Mar 2024. There was 1 interview round.
Financial accounting is the process of recording, summarizing, and reporting the financial transactions of a business.
Involves recording financial transactions
Summarizing financial data in financial statements like balance sheet and income statement
Reporting financial information to stakeholders like investors and regulators
The formula for capital is total assets minus total liabilities.
Capital = Total Assets - Total Liabilities
Total assets include cash, inventory, property, etc.
Total liabilities include debts, loans, accounts payable, etc.
The 3 types of liabilities are current liabilities, non-current liabilities, and contingent liabilities.
Current liabilities are obligations due within one year, such as accounts payable and short-term loans.
Non-current liabilities are obligations due beyond one year, such as long-term loans and bonds payable.
Contingent liabilities are potential obligations that depend on the outcome of future events, such as lawsuits o
Assets are resources owned by a company that have economic value and can be used to generate future revenue.
Assets can include cash, accounts receivable, inventory, property, equipment, and investments.
Assets are typically listed on a company's balance sheet and are categorized as current assets or non-current assets.
Current assets are expected to be converted into cash within one year, while non-current assets are lon...
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
The golden rules include: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.
These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.
For example, when a company receives ...
There are five main types of accounts: assets, liabilities, equity, revenue, and expenses.
Assets: resources owned by the company (e.g. cash, inventory)
Liabilities: obligations owed by the company (e.g. loans, accounts payable)
Equity: the owner's claim on the company's assets (e.g. common stock)
Revenue: income generated from the company's operations (e.g. sales revenue)
Expenses: costs incurred to generate revenue (e.g.
I applied via Naukri.com and was interviewed in Mar 2024. There was 1 interview round.
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posted on 15 Jan 2024
posted on 10 Jul 2017
I was interviewed before Jul 2016.
I applied via AmbitionBox and was interviewed before Aug 2021. There were 2 interview rounds.
I applied via Referral and was interviewed in Mar 2020. There was 1 interview round.
Data integrity is crucial for accurate decision-making and maintaining trust in the organization.
Data integrity ensures that data is accurate, complete, and consistent.
It is important to have proper data management policies and procedures in place.
Regular data audits and checks should be conducted to ensure data integrity.
Examples of data integrity violations include data entry errors, system glitches, and unauthorized...
I applied via Walk-in and was interviewed before Jan 2021. There were 4 interview rounds.
I applied via Referral and was interviewed in Mar 2021. There were 4 interview rounds.
posted on 13 Jun 2022
I applied via Approached by Company and was interviewed before Jun 2021. There were 2 interview rounds.
posted on 1 Aug 2022
I applied via Naukri.com and was interviewed in Feb 2022. There were 3 interview rounds.
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