Consero Global Solutions Interview Questions and Answers

Objective questions on basoc accouting

Q1. What does accrual mean?
Ans. 
Accrual refers to the recognition of revenue or expenses that have been earned or incurred but not yet received or paid.
• Accrual accounting recognizes revenue and expenses when they are earned or incurred, regardless of when payment is received or made.

• This is in contrast to cash accounting, which only recognizes revenue and expenses when payment is received or made.

• Accruals are typically recorded as adjusting entries a...read more
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Q2. Due vs accrual with example
Ans. 
Due accounting records transactions when payment is received, while accrual accounting records transactions when they occur.
• Due accounting is cash-based and records transactions when payment is received.

• Accrual accounting is based on when transactions occur, regardless of payment.

• Example: Due accounting records revenue when a customer pays for a product, while accrual accounting records revenue when the product is sold...read more
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Objective test on English.. Tenses, prepositions amd other parts of speech

Q1. Practical questions on accouting Like As9
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Q1. Depending on the position we applied for questions vary.
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Q1. Few excel formulas we need to apply on the raw spreadsheet
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English & listening skills

Q1. Basic accounts knowledge.
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Q1. Process & procedure related discussion
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