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I was interviewed in Jan 2025.
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
The three golden rules of accounting are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; 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 compa...
Financial statements are formal records of the financial activities and position of a business, organization, or individual.
Financial statements include the balance sheet, income statement, and cash flow statement.
They provide information on the financial performance, financial position, and cash flows of an entity.
Balance sheet shows assets, liabilities, and equity at a specific point in time.
Income statement shows re...
I was interviewed before Jan 2024.
Depreciation is the allocation of the cost of a tangible asset over its useful life.
Depreciation is a non-cash expense that reduces the value of an asset over time.
It reflects the wear and tear, obsolescence, or decrease in value of the asset.
Common methods of calculating depreciation include straight-line, double declining balance, and units of production.
Example: A company purchases a delivery truck for $50,000 with ...
Land does not depreciate in value over time.
Land is considered to have an indefinite useful life and therefore does not depreciate.
Unlike buildings or machinery, land does not wear out or become obsolete.
The value of land can fluctuate based on factors such as location, demand, and zoning regulations.
The golden rule of accounting states that debit what comes in and credit what goes out.
Debit what comes in and credit what goes out
Assets = Liabilities + Equity
Revenue increases equity, expenses decrease equity
Audit is a systematic examination of financial records, statements, or operations to ensure accuracy and compliance with laws and regulations.
Audit involves reviewing financial records, statements, or operations of an organization.
The purpose of an audit is to ensure accuracy, reliability, and compliance with laws and regulations.
Auditors use various techniques such as sampling, testing, and analysis to gather evidence...
I applied via Campus Placement and was interviewed in Mar 2024. There were 3 interview rounds.
They give you the topic and give you 2min to think on it
I am a detail-oriented professional with a strong background in auditing and data analysis.
I have a Bachelor's degree in Accounting and Finance
I have experience working as an Audit Intern at XYZ Company
I am proficient in using data analysis tools such as Excel and Tableau
I have strong analytical skills and attention to detail
Yes, I am able to travel long distances for work if required.
I have experience traveling for work in my previous roles
I am comfortable with long flights or drives
I am willing to travel for audits as needed
I applied via Referral and was interviewed in Jan 2024. There was 1 interview round.
Performing analytics review of a financial statement involves analyzing key financial ratios, trends, and variances to assess the financial health of a company.
Start by calculating key financial ratios such as liquidity, profitability, and solvency ratios.
Compare the current financial statement with previous periods to identify trends and changes.
Analyze variances between actual and budgeted figures to understand the r...
Identifying opportunities for automation in audit engagements involves analyzing repetitive tasks, manual processes, and areas with high risk of errors.
Analyze the audit process to identify repetitive tasks that can be automated, such as data entry or report generation
Look for manual processes that are time-consuming and prone to errors, such as reconciliations or data validation
Identify areas with high risk of errors,...
B S R & Co Llp interview questions for popular designations
Get interview-ready with Top B S R & Co Llp Interview Questions
OTT vs Theatre was the topic
I applied via Campus Placement and was interviewed in Sep 2023. There were 4 interview rounds.
Logical Reasoning, Numerical Ability
Topic - Economic Inequality in India
I applied via Campus Placement and was interviewed before Aug 2022. There were 4 interview rounds.
This test include some parts - reasoning, general english, maths aptitude, communication etc so that company can identify or select the knowledgeable candidate for the work and i think it is best method because through this we came to know about ourselves that where we actually stand.
It was like in the groups of 10- 12 candidates and we have to speak about strong points of the topic.
Depreciation refers to the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
Depreciation can be classified into three main types: straight-line depreciation, double declining balance depreciation, and units of production depreciation.
Straight-line depreciation allocates an equal amount of depreciation expense each year over the useful life of the asset.
Double declining balanc...
Equity shares represent ownership in a company with voting rights, while preference shares have fixed dividends but no voting rights.
Equity shares represent ownership in a company and provide voting rights to shareholders.
Preference shares have fixed dividends that must be paid before equity shareholders receive any dividends.
Preference shareholders do not usually have voting rights in the company.
Equity shareholders h...
I applied via Naukri.com and was interviewed before Apr 2023. There was 1 interview round.
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
Debit what comes in, credit what goes out
Debit the receiver, credit the giver
Debit expenses and losses, credit income and gains
The duration of B S R & Co Llp interview process can vary, but typically it takes about less than 2 weeks to complete.
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