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I applied via Walk-in and was interviewed in Sep 2023. There were 2 interview rounds.
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 maintain the balance in the accounting equation: Assets = Liabilities + Equity.
For example, when a company receives cash from a customer...
The separate entity concept is a fundamental accounting principle that states a business's financial transactions should be kept separate from its owner's personal transactions.
Business and owner are considered separate entities
Owner's personal transactions should not be mixed with business transactions
Helps in maintaining accurate financial records and assessing the business's performance
Important for legal and tax pu...
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Numerical verbal abstracts and logical reasoning questions.
Experienced accountant with strong analytical skills and a passion for financial management. Goal-oriented and dedicated to continuous learning and growth.
Strengths include attention to detail, problem-solving skills, and proficiency in financial software
In five years, I see myself as a senior accountant or financial manager, leading a team and contributing to the strategic growth of the organization
I am interested in ...
One of my weaknesses is that I can be overly critical of my own work.
I tend to be a perfectionist and can spend too much time on a task to ensure it is flawless
I sometimes struggle with delegating tasks to others because I want to make sure they are done correctly
I am working on improving my time management skills to prioritize tasks more effectively
I applied via AmbitionBox and was interviewed in Dec 2024. There were 2 interview rounds.
An aptitude test is beneficial for assessing knowledge.
The process for preparing a balance sheet and a profit and loss account involves gathering financial data, organizing it into categories, calculating totals, and analyzing the results.
Gather financial data including assets, liabilities, and equity for the balance sheet.
Organize the data into categories such as current assets, fixed assets, current liabilities, etc.
Calculate totals for each category to determine the ove...
The process for preparing a revenue account involves recording all income earned by a business during a specific period.
Gather all relevant financial documents such as sales invoices, receipts, and bank statements.
Calculate the total revenue earned by adding up all income sources.
Record the revenue in the appropriate accounting software or ledger.
Ensure all revenue is accurately categorized and any adjustments are made...
I applied via Company Website and was interviewed in Sep 2024. There were 2 interview rounds.
Learning new words is crucial for kids to improve their communication, vocabulary, and language skills. It helps in developing language fluency, reading comprehension, and confidence.
Developing a strong vocabulary enhances communication skills and the ability to express thoughts effectively.
Improving vocabulary aids in better reading comprehension of academic and non-academic texts.
Learning new words boosts confidence ...
A careful study of some social unit (as a corporation or division within a corporation) that attempts to determine what factors led to its success or failure
I applied via Walk-in and was interviewed in Oct 2024. There were 5 interview rounds.
It's necessary to me
It's depend on subject
The reason of subjects related answers
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable is a liability on the balance sheet
It represents the amount of money owed by a company to its suppliers or vendors
It is typically recorded when goods or services are received but payment has not yet been made
Accounts payable is an important part of a company's working capital man
Bank reconciliation statement is a document that compares the bank's records with the company's records to ensure they match.
It is used to identify 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 the accuracy of the company's financial records and the bank's records.
Once discrepancies are identifi...
I applied via Company Website and was interviewed in Aug 2024. There were 5 interview rounds.
About work of that company
About work of that company
My long-term goal is to become a Certified Public Accountant and eventually work my way up to a senior financial management position within a reputable company.
Obtain CPA certification within the next 3-5 years
Gain experience in financial analysis and reporting
Attend leadership development programs to enhance management skills
Work towards a promotion to a senior financial management role
Bad debt refers to money owed to a company that is unlikely to be paid by the debtor.
Bad debt is a financial loss for the company.
It is usually the result of customers who are unable or unwilling to pay their debts.
Companies often have to write off bad debts as uncollectible.
Bad debt can negatively impact a company's financial statements and cash flow.
Examples include unpaid invoices, defaulted loans, and overdue payme
Accounts refer to financial records that track the financial activities of a business or individual.
Accounts are used to record transactions such as income, expenses, assets, and liabilities.
They help in analyzing the financial health of an entity and making informed decisions.
Examples of accounts include cash account, accounts receivable, accounts payable, and equity accounts.
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