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I applied via Recruitment Consultant and was interviewed in May 2021. There was 1 interview round.
The golden rules of accounts are basic principles that guide the recording of financial transactions.
The golden rules include the Personal Account, Real Account, and Nominal Account.
Personal Account: Debit the receiver, credit the giver. For example, when cash is received from a customer, debit the cash account and credit the customer's account.
Real Account: Debit what comes in, credit what goes out. For example, when ...
Modern rules of accounts refer to the updated accounting standards and practices that are used in the current business environment.
Modern rules of accounts are based on the Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
They emphasize on transparency, accuracy, and consistency in financial reporting.
Modern rules of accounts also include the use of technology in ac...
Modern rules of balance sheet include presenting assets and liabilities in order of liquidity.
Assets are listed in order of liquidity, with the most liquid assets listed first.
Liabilities are also listed in order of liquidity, with the most immediate liabilities listed first.
The balance sheet must balance, with total assets equaling total liabilities and equity.
Intangible assets must be disclosed separately from tangib...
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I was interviewed before Apr 2021.
Yes
A bank is a financial institution that accepts deposits from individuals and businesses and provides loans and other financial services.
Banks provide a safe place for individuals and businesses to deposit their money.
They offer various types of accounts such as savings accounts, checking accounts, and certificates of deposit.
Banks provide loans to individuals and businesses for various purposes such as buying a house o...
I am capable for this job due to my strong accounting background, attention to detail, and ability to analyze financial data effectively.
I have a Bachelor's degree in Accounting and have completed relevant internships to gain practical experience.
I have a strong attention to detail, ensuring accuracy in financial reports and statements.
I am proficient in analyzing financial data and identifying trends to make informed ...
I applied via Recruitment Consultant and was interviewed in Jul 2020. There was 1 interview round.
Hard working is putting in a lot of effort and time, while smart working is finding efficient ways to achieve goals.
Hard working involves dedicating long hours and putting in a lot of effort.
Smart working involves finding innovative and efficient ways to complete tasks.
Hard working may lead to burnout if not balanced with smart working.
Smart working focuses on prioritizing tasks and utilizing resources effectively.
Hard...
I applied via Referral and was interviewed in Jan 2021. There was 1 interview round.
I applied via Referral and was interviewed in Jan 2021. There was 1 interview round.
Logical reasoning skills and mental ability
To find management skills and responsibility
I perform by setting clear goals, prioritizing tasks, and collaborating with team members.
I set clear goals and create a plan to achieve them.
I prioritize tasks based on their importance and urgency.
I collaborate with team members to ensure everyone is working towards the same goal.
I regularly communicate progress and adjust the plan as needed.
I stay up-to-date with industry trends and regulations to ensure compliance.
...
The suggestion for accountants is to stay updated with the latest accounting regulations and technology.
Stay updated with the latest accounting regulations and standards
Embrace technology and use accounting software for efficiency
Develop strong analytical and problem-solving skills
Communicate effectively with clients and colleagues
Continuously improve knowledge through professional development and training
I'm sorry, but the question is not clear. Could you please rephrase it?
Please provide more context or clarify the question.
Without more information, I cannot provide a relevant answer.
Yes, I have hopes of becoming a certified public accountant and eventually starting my own accounting firm.
I plan to continue my education and obtain my CPA license
I hope to gain experience in various accounting roles to broaden my knowledge
I aspire to eventually start my own accounting firm and provide quality services to clients
I am also interested in exploring opportunities in the field of forensic accounting
I applied via Job Portal and was interviewed in Jan 2024. There was 1 interview round.
I applied via LinkedIn and was interviewed in Sep 2024. There was 1 interview round.
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
Involves recording financial transactions
Summarizing financial data in financial statements
Analyzing financial information to make business decisions
Reporting financial results to stakeholders
Examples: preparing balance sheets, income statements, cash flow statements
Liability refers to the legal obligation or responsibility to pay debts or settle financial obligations.
Liabilities are recorded on the balance sheet and represent what a company owes to others.
Common examples of liabilities include accounts payable, loans, and bonds payable.
Liabilities can be classified as current liabilities (due within one year) or long-term liabilities (due after one year).
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