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Deloitte
Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards
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Majorly it consists of normal aptitude, LRDI and few English questions
Deferred revenue is income received by a company in advance of earning it, resulting in a liability on the balance sheet.
Deferred revenue represents a liability for the company until the goods or services are delivered to the customer.
It is common in subscription-based businesses where customers pay upfront for services that will be provided over time.
Once the revenue is earned, it is recognized on the income statement...
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
The golden rule of accounting is that for every debit entry, there must be an equal credit entry.
There are three types of accounts: real, personal, and nominal. The golden rules differ for each type of account.
For real accounts, the golden rule is: Debit what comes in, credit what goes out.
For personal account...
Accrual concept is a principle of recognizing revenue and expenses when they are incurred, regardless of when cash is exchanged.
Revenue and expenses are recorded when they are earned or incurred, not when cash is received or paid.
This concept ensures that financial statements accurately reflect the financial position of a company.
For example, if a company provides services in December but doesn't receive payment until ...
The quick ratio is a financial metric used to measure a company's ability to meet its short-term obligations with its most liquid assets.
Quick ratio is calculated by dividing quick assets (cash, marketable securities, accounts receivable) by current liabilities.
A quick ratio of 1 or higher indicates that a company has enough liquid assets to cover its short-term liabilities.
A quick ratio below 1 may suggest that a comp...
I am a detail-oriented Tax Associate with a strong background in accounting and tax law.
Graduated with a degree in Accounting
Completed internships at accounting firms
Experience preparing tax returns for individuals and businesses
Familiar with tax laws and regulations
Strong analytical and problem-solving skills
I applied via Campus Placement and was interviewed in Aug 2022. There were 2 interview rounds.
Learn about p and l and bakancesheet
Normally easy question
I applied via Naukri.com and was interviewed in Mar 2024. There were 2 interview rounds.
Test of 15 questions
I applied via campus placement at Justice KSHegde Institute of Management, Mamit and was interviewed before Sep 2022. There were 3 interview rounds.
Balance sheet and general knowledge
Accrued items on the balance sheet refer to expenses that have been incurred but not yet paid.
Accrued items are liabilities that represent expenses that have been recognized but not yet paid.
They are recorded on the balance sheet as a current liability.
Examples include accrued salaries, accrued interest, and accrued taxes.
Accrued items are typically adjusted at the end of an accounting period to reflect the accurate fi
I applied via Campus Placement
There will be more 11 section with limited time
I applied via campus placement at Badruka College of Commerce And Arts, Hyderabad and was interviewed before Apr 2023. There were 3 interview rounds.
It was a simple aptitude test consisting of versent,reasoning and accounting questions.As long as you are good in english and accountancy this should be a piece of cake
Depreciation is the allocation of the cost of a tangible asset over its useful life.
Depreciation is a non-cash expense that reduces the value of an asset over time.
It reflects the wear and tear, aging, or obsolescence of an asset.
Common methods of calculating depreciation include straight-line, double declining balance, and units of production.
Examples of depreciable assets include buildings, vehicles, machinery, and e
Golden rules of accountancy are basic principles that guide the process of recording financial transactions.
There are three golden rules of accountancy: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit all expenses and losses, Credit all incomes and gains.
These rules help ensure that financial transactions are recorded accurately and consistently.
For example, when a company receive...
Yes, I read newspapers regularly to stay updated on current events and developments.
I read newspapers to stay informed about current events and developments in the tax field.
Reading newspapers helps me stay up-to-date on changes in tax laws and regulations.
I also read newspapers to understand the impact of current events on the economy and tax policies.
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