Capgemini Team Leader (Nontechnical) Interview Questions, Process, and Tips for Experienced

Revenue is the income generated by a company through its business activities.

• Revenue is the total amount of money earned by a company from its sales of goods or services.

• It is calculated by multiplying the price of the product or service by the number of units sold.

• Revenue is an important metric for businesses as it helps to determine their financial health and growth potential.

• Examples of revenue include sales revenue...read more

Income is the money earned by an individual or organization. General reserve is the portion of profits kept aside for future use.

• Income is the revenue earned by an individual or organization through various sources such as salary, business profits, investments, etc.

• General reserve is a part of the profits earned by a company that is not distributed as dividends but is kept aside for future use such as expansion, resear...read more

Journal entry of outstanding expenses and income is a record of expenses and income that have not yet been paid or received.

• Outstanding expenses are recorded as a debit in the expense account and a credit in the accounts payable account.

• Outstanding income is recorded as a credit in the income account and a debit in the accounts receivable account.

• The journal entry for outstanding expenses and income is made at the end ...read more

Reserve is a part of profit kept aside for future use while provision is a charge against profit for a specific purpose.

• Reserve is created voluntarily while provision is created as per the requirement of law or accounting standards.

• Reserve is not shown in the balance sheet while provision is shown as a liability in the balance sheet.

• Reserve can be used for any purpose while provision can only be used for the specific p...read more