Baroda Global Shared Services Bank Clerk Interview Questions and Answers for Freshers

Accruals are expenses incurred but not yet paid or recorded in the books.

• Accrued salaries and wages

• Accrued interest

• Accrued taxes

• Accrued rent

• Accrued utilities

• Accrued warranty expenses

I have handled multiple transformation projects in my previous roles.

• Led a team to implement a new CRM system resulting in a 30% increase in sales

• Managed the transition to a paperless office resulting in a 50% reduction in printing costs

• Implemented a new project management tool resulting in a 20% increase in project completion rate

• Streamlined the hiring process by implementing an applicant tracking system resulting in

Project stabilization methodology refers to the process of ensuring that a project is completed successfully and is sustainable in the long run.

• It involves identifying and addressing any issues or risks that may arise during the project lifecycle.

• It includes implementing measures to ensure that the project meets its objectives and delivers the expected benefits.

• Examples of project stabilization methodologies include ri...read more

Capital refers to financial assets or resources that are used to generate income or wealth.

• Capital can include money, property, equipment, and investments.

• It is typically used to start or expand a business, make investments, or fund projects.

• Examples of capital include cash, stocks, real estate, machinery, and patents.

• Capital can be owned by individuals, companies, or governments.

• It is an essential component of economi

Accounting golden rules are fundamental principles that guide the recording of financial transactions.

• Accounting golden rules are the basic principles that govern the process of recording financial transactions.

• These rules ensure accuracy, consistency, and reliability in financial reporting.

• The three main golden rules are: 1) Debit the receiver, credit the giver; 2) Debit what comes in, credit what goes out; 3) Debit e...read more

Prepaid expenses are expenses paid in advance for goods or services that will be received in the future.

• Prepaid expenses are recorded as assets on the balance sheet until the goods or services are received.

• Examples of prepaid expenses include prepaid rent, insurance premiums, and subscriptions.

• Prepaid expenses are gradually expensed over time as the goods or services are received.

• Prepaid expenses are important for accu