BayOne Solutions Associate Recruiter Interview Questions and Answers for Experienced

Accrual account is a type of account that records revenue or expenses that have been earned or incurred but not yet received or paid.

• Accrual accounting recognizes revenue and expenses when they are earned or incurred, regardless of when the cash is received or paid.

• Accrual accounts are used to record these transactions until they are paid or received.

• Journal entry is the process of recording a transaction in the accoun...read more

Reconciliations involve comparing financial records to identify discrepancies and resolve them.

• Reconciliations are important for ensuring accuracy in financial reporting.

• The process involves comparing two sets of records, such as bank statements and accounting records.

• Any discrepancies are identified and investigated to determine the cause.

• Examples of reconciliations include bank reconciliations, accounts receivable re

Version control is essential for managing code changes and collaborating with team members.

• Version control allows for tracking changes made to code over time.

• It enables collaboration between team members by allowing multiple people to work on the same codebase simultaneously.

• It provides a way to revert to previous versions of code if necessary.

• Popular version control systems include Git, SVN, and Mercurial.