BYJU'S Financial Associate Interview Questions and Answers

The golden rules of accounting are basic principles that guide the process of recording financial transactions.

• The golden rules include: 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 accurate and consistent recording of financial transactions.

• For example, when a company receives cash from a customer, the transa...read more

VLOOKUP is a function in Excel used to search for a value in a table and return a corresponding value. Pivot table is a data summarization tool in Excel.

• VLOOKUP stands for 'vertical lookup' and is used to search for a value in the first column of a table and return a value in the same row from a specified column.

• Pivot table is a data summarization tool in Excel that allows you to reorganize and summarize selected colum...read more

Ind AS stands for Indian Accounting Standards, which are converged with International Financial Reporting Standards (IFRS).

• Ind AS are accounting standards adopted by companies in India for financial reporting.

• They are converged with IFRS to ensure transparency and comparability of financial statements.

• They are mandatory for certain companies based on their size and nature of business.

• Ind AS aim to bring consistency and...read more