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Cognizant
Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards
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posted on 12 Feb 2019
posted on 9 Sep 2020
The golden rule of accounting is to record every financial transaction in at least two different accounts.
Every transaction should have a debit and a credit entry
Debits and credits must be equal in value
This ensures accuracy and helps prevent errors and fraud
Example: When a company purchases inventory, it should record a debit to the inventory account and a credit to the accounts payable account
Accrued expenses are expenses that have been incurred but not yet paid for.
Accrued expenses are recorded as liabilities on the balance sheet.
They are expenses that have been recognized but not yet paid.
Examples include salaries, interest, and taxes.
Accrued expenses are typically adjusted at the end of an accounting period.
They are important for accurate financial reporting.
Outstanding expenses are expenses that have been incurred but not yet paid for.
Outstanding expenses are also known as accrued expenses.
They are recorded as a liability on the balance sheet.
Examples include rent, salaries, and utilities that have been used but not yet paid for.
They are typically paid for in the following accounting period.
Outstanding expenses are important to track as they can affect the accuracy of fin
I applied via Walk-in and was interviewed in Dec 2024. There were 3 interview rounds.
Asked questions about income statement
posted on 10 Jan 2025
I applied via Recruitment Consulltant and was interviewed in Dec 2024. There was 1 interview round.
I plan to work here for the foreseeable future, as I am excited about the opportunities for growth and development within the company.
I am committed to contributing to the success of the team and the organization
I see potential for advancement and learning opportunities within the company
I am excited about the projects and initiatives currently in progress at the company
I am a dedicated and detail-oriented individual with a strong background in data analysis and process improvement.
Graduated with a degree in Business Administration
Worked as a data analyst for 2 years
Implemented process improvements that resulted in a 20% increase in efficiency
I applied via campus placement at Mohamed Sathak College of Arts and Science, Chennai
I am a dedicated and detail-oriented individual with a background in customer service and data entry.
Customer service experience at XYZ Company for 2 years
Proficient in data entry and Microsoft Office Suite
Strong attention to detail and organizational skills
KYC stands for Know Your Customer. It is a process used by financial institutions to verify the identity of their clients.
KYC is a regulatory requirement to prevent financial crimes such as money laundering and terrorism financing.
It involves collecting personal information and verifying the identity of customers.
Examples of KYC documents include government-issued IDs, proof of address, and financial statements.
KYC hel...
Funds risk refers to the potential for financial loss in an investment due to market fluctuations or other factors.
Funds risk is the possibility of losing money on an investment.
It can be caused by market volatility, economic factors, or specific risks related to the investment.
Investors often assess funds risk before making investment decisions to determine their risk tolerance.
Examples of funds risk include market ri
I applied via LinkedIn and was interviewed in May 2024. There were 2 interview rounds.
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