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I applied via Naukri.com and was interviewed in Oct 2023. There were 2 interview rounds.
Bank reconciliation is the process of comparing and matching the balances in a company's accounting records with the balances on its bank statement.
Bank reconciliation helps ensure the accuracy of a company's financial records.
It involves comparing the transactions recorded in the company's books with those in the bank statement.
Any discrepancies between the two balances are identified and resolved.
Common reasons for d...
I applied via Referral and was interviewed before Oct 2019. There were 3 interview rounds.
Accountancy is the practice of recording, analyzing, and reporting financial transactions for individuals, businesses, and organizations.
Accountancy involves the systematic recording of financial transactions.
It includes analyzing financial data to provide insights and make informed decisions.
Accountants prepare financial statements and reports to communicate the financial health of an entity.
They ensure compliance wit...
A debtor is a person or entity that owes money or has a financial obligation to another party.
A debtor is someone who has borrowed money or received goods or services on credit.
Debtors can be individuals, businesses, or even governments.
They are legally obligated to repay the borrowed amount or fulfill their financial obligations.
Debtors are recorded as liabilities on the balance sheet of the creditor.
Examples of debto...
A creditor is a person or entity to whom money is owed.
A creditor is someone who has provided goods or services on credit.
They are owed money by the debtor.
Creditors can be individuals, businesses, or financial institutions.
Examples of creditors include suppliers, banks, and bondholders.
The ledger entry for a credit sale involves recording the increase in accounts receivable and the corresponding increase in sales revenue.
Credit sale is a transaction where goods or services are sold on credit, meaning the payment is expected at a later date.
To record a credit sale, the accounts receivable account is debited to increase the amount owed by the customer.
Simultaneously, the sales revenue account is credit...
Yes, there are several advantages of being an accountant.
Stable and in-demand career
Opportunities for growth and advancement
Ability to work in various industries
High earning potential
Opportunity to work independently or as part of a team
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I applied via Recruitment Consultant and was interviewed before Nov 2019. There were 3 interview rounds.
I applied via Referral and was interviewed in Jun 2018. There were 6 interview rounds.
I applied via Company Website and was interviewed in Oct 2020. There were 4 interview rounds.
I applied via Recruitment Consultant and was interviewed before Jun 2020. There were 6 interview rounds.
I applied via Walk-in and was interviewed in Jul 2019. There were 3 interview rounds.
I applied via Naukri.com and was interviewed before Jul 2020. There was 1 interview round.
I applied via Campus Placement and was interviewed before May 2021. There were 2 interview rounds.
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
Classification of accounting includes financial accounting, management accounting, tax accounting, and auditing.
Financial accounting involves recording and reporting financial transactions for external stakeholders.
Management accounting involves providing financi...
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