Capgemini R2R Associate Interview Questions, Process, and Tips

Bank Reconciliation Statement is a document that compares the bank's records with the company's records of its bank account.

• It helps in identifying any discrepancies between the two sets of records.

• It includes items such as deposits in transit, outstanding checks, bank errors, and service charges.

• The goal is to ensure that the ending balance on the bank statement matches the ending balance in the company's accounting r

Contingent liabilities are potential liabilities that may arise in the future depending on the outcome of certain events.

• Contingent liabilities are not actual liabilities yet, but they have the potential to become actual liabilities based on future events.

• Examples include pending lawsuits, warranties, and guarantees.

• Companies disclose contingent liabilities in their financial statements to inform stakeholders about pot...read more

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 that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a company receives ...read more

Sundry debtor refers to a person or entity who owes money to a company for goods or services provided on credit.

• Sundry debtor is a type of accounts receivable on a company's balance sheet.

• It represents amounts owed by customers or clients for goods or services provided on credit.

• Sundry debtors are typically short-term in nature and are expected to be collected within a year.

• Examples include outstanding invoices from cu

Accounts receivable is the money owed to a company by its customers for goods or services provided on credit.

• Accounts receivable represents the amount of money owed to a company by its customers for goods or services provided on credit.

• It is considered an asset on the company's balance sheet.

• Companies often have specific departments or roles dedicated to managing accounts receivable and ensuring timely payment.

• Examples...read more