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Bacancy Technology
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I applied via Naukri.com and was interviewed in Jun 2023. There were 5 interview rounds.
I applied via Job Portal and was interviewed in May 2024. There were 4 interview rounds.
Accounts payable is the amount of money a company owes to its suppliers for goods or services purchased on credit.
Accounts payable is a liability on the company's balance sheet.
It represents the amount of money the company owes to its vendors or suppliers.
Accounts payable is typically recorded when an invoice is received from the supplier.
Examples include payments for inventory, utilities, rent, and other expenses.
Mana...
P2P cycle refers to the procure-to-pay process in which goods or services are ordered, received, and paid for. A P.O. (purchase order) is a document issued by a buyer to a seller outlining the details of a purchase transaction.
P2P cycle involves requisitioning, purchasing, receiving, and paying for goods or services
Purchase Order (P.O.) is a document issued by a buyer to a seller specifying the details of the purchase,...
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, age, and obsolescence of the asset.
Common methods of calculating depreciation include straight-line, double declining balance, and units of production.
Examples of depreciable assets include buildings, vehicles, machinery, and e
Charging depreciation in P&L helps in spreading the cost of an asset over its useful life, matching expenses with revenues.
Depreciation helps in accurately reflecting the wear and tear of assets over time.
It allows for the allocation of the cost of an asset over its useful life, rather than expensing it all at once.
By charging depreciation, the profit and loss statement reflects the true cost of using the asset to gene...
posted on 26 Jun 2024
I applied via Approached by Company and was interviewed in May 2024. There were 3 interview rounds.
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable is a liability on the company's balance sheet.
It represents the short-term debt that must be paid off within a specific period.
Examples include invoices from suppliers for raw materials, utilities, or services.
Managing accounts payable effectively is crucial for maintaining good ...
GRNI stands for Goods Received Not Invoiced, a financial term used to track goods that have been received by a company but not yet invoiced by the supplier.
GRNI helps in tracking the liability of a company for goods received but not yet paid for.
It is important for accurate financial reporting and inventory management.
GRNI can indicate potential issues with the accounts payable process or discrepancies in inventory rec...
I applied via Naukri.com and was interviewed in Jun 2023. There were 5 interview rounds.
I am a detail-oriented financial accountant with 5 years of experience in preparing financial statements and analyzing data.
5 years of experience in financial accounting
Proficient in preparing financial statements
Strong analytical skills
Detail-oriented
Experience in data analysis
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Senior Software Engineer
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