Bhilwara Infotech Executive Accountant Interview Questions and Answers

TDS stands for Tax Deducted at Source. Form 16 is a certificate issued by an employer to employees showing the details of TDS deducted.

• TDS is a tax deducted by the employer at the time of making payment to the employee.

• Form 16 is a certificate issued annually by the employer to the employee.

• Form 16 contains details of salary paid, TDS deducted, and other income sources if any.

• TDS is deducted on various incomes like sal

Accrued expenses are expenses that have been incurred but not yet paid for.

• Accrued expenses are recorded as liabilities on the balance sheet.

• They represent expenses that have been recognized but not yet paid.

• Common examples include salaries, interest, and taxes.

• Accrued expenses are typically adjusted at the end of an accounting period.