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5 minutes . Accounts payable, Accounts Receivable, Depreciation, Journal entry, And other questions
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I was interviewed in Apr 2024.
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
Cost accounting is a branch of accounting that focuses on calculating and controlling the costs of producing goods or services.
It involves analyzing, recording, and reporting on the costs associated with producing goods or services.
Cost accountants help management make decisions by providing information on the costs of different products, services, or activities.
Examples of cost accounting techniques include job costin
Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
It provides a snapshot of a company's financial position.
Assets are listed on the left side, liabilities and shareholders' equity on the right side.
The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity.
It helps investors and analysts assess the ...
Insurance is a financial arrangement that provides protection against potential losses or risks.
Insurance involves a contract between an individual or entity and an insurance company.
The individual or entity pays a premium in exchange for coverage against specified risks.
Types of insurance include health, life, auto, home, and business insurance.
Insurance helps mitigate financial losses in case of accidents, illnesses,
posted on 10 Nov 2024
I applied via Company Website and was interviewed in Oct 2024. There were 2 interview rounds.
An aptitude test is a standardized assessment that measures a person's abilities, skills, and potential to perform in a specific role or field. Aptitude tests can be used in a variety of settings, including schools and by human resources departments at companies
Group discussion is a process of exchanging ideas and opinions among people on a particular topic. It is a structured form of communication where individuals participate in a conversation to express their views and listen to others' perspectives on the same topic
The three branches of accounting are financial accounting, management accounting, and cost accounting.
Financial accounting focuses on reporting financial information to external stakeholders.
Management accounting involves providing financial information to internal management for decision-making.
Cost accounting deals with analyzing and controlling costs within a company.
Each branch serves a different purpose and audien
The accounting golden rules are basic principles that guide the process of recording financial transactions.
There are three types of accounting golden rules: Personal Account, Real Account, and Nominal Account.
Personal Account: Debit the receiver, credit the giver. Example: When cash is received from a customer, cash account is debited.
Real Account: Debit what comes in, credit what goes out. Example: Purchase of machin...
The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
It lists a company's assets, liabilities, and shareholders' equity.
Assets are what the company owns, such as cash, inventory, and property.
Liabilities are what the company owes, such as loans and accounts payable.
Shareholders' equity represents the company's net worth, calculated as assets m...
A trial balance is a list of all the general ledger accounts contained in the ledger of a business.
It is used to ensure that the total debits equal the total credits in the accounting records.
It is prepared at the end of an accounting period before the financial statements are prepared.
Errors in recording or posting transactions can be identified by preparing a trial balance.
Example: If the total debits and credits do ...
Working capital is the difference between a company's current assets and current liabilities.
Working capital is a measure of a company's operational efficiency and short-term financial health.
It represents the amount of liquid assets available to a company to fund its day-to-day operations.
Formula: Working Capital = Current Assets - Current Liabilities
Positive working capital indicates that a company has enough assets ...
Depreciation is the allocation of the cost of an asset over its useful life.
Depreciation is a non-cash expense that reduces the value of an asset over time.
Types of depreciation include straight-line, double declining balance, units of production, and sum-of-the-years-digits.
Straight-line depreciation evenly spreads the cost of an asset over its useful life.
Double declining balance front-loads depreciation expenses.
Uni...
I applied via Job Portal and was interviewed in Mar 2024. There were 2 interview rounds.
Good communication skills development
Coding and de coding test
I applied via Job Portal and was interviewed in Jan 2024. There were 2 interview rounds.
Impact on social media
Apitude test and recently news
posted on 18 Jun 2023
I applied via Referral
Physiological test it's very useful how to handle teams and work
I was interviewed in Dec 2021.
Fund accounting is a specialized form of accounting used by investment companies to track and report on the financial activities of investment funds.
Fund accounting is used by investment companies to manage the financial activities of investment funds.
It involves tracking and reporting on the income, expenses, and investments of the fund.
Fund accountants ensure compliance with regulatory requirements and provide accura...
I applied via Naukri.com and was interviewed in Jan 2022. There were 2 interview rounds.
Math gk gs
based on 1 interview
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