Aurum Jewels Interview Questions and Answers

Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

• A balance sheet provides a snapshot of a company's financial position.

• It shows what a company owns (assets), what it owes (liabilities), and the amount invested by shareholders (equity).

• The balance sheet equation is Assets = Liabilities + Equity.

• Assets are typically listed in order of ...read more

Working capital refers to the difference between current assets and current liabilities, representing the funds available for day-to-day operations.

• Working capital is essential for covering short-term expenses and ensuring smooth business operations.

• It is calculated by subtracting current liabilities from current assets.

• Examples of current assets include cash, accounts receivable, and inventory, while current liabiliti...read more