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Dynatech Controls
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GST verification process involves checking the accuracy of GST returns filed by businesses.
Verify GSTIN number of the supplier
Check if the GST amount charged matches the GST amount paid
Ensure that input tax credit is correctly claimed
Verify the accuracy of GST returns filed by businesses
Year closing accounting entry involves transferring balances from temporary accounts to permanent accounts.
Close revenue and expense accounts by transferring their balances to the income summary account
Close income summary account to retained earnings account
Update balance sheet accounts with the closing entries
Prepare financial statements after closing entries are made
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I applied via Naukri.com and was interviewed in Jul 2023. There was 1 interview round.
The current account is a component of a country's balance of payments that records the transactions of goods, services, income, and current transfers.
It includes exports and imports of goods and services
It also includes income from investments and transfers such as foreign aid
The current account balance can be positive (surplus) or negative (deficit)
A surplus indicates that a country is exporting more than it is import...
Preliminary expenses are the costs incurred before a company starts its operations.
Preliminary expenses are one-time costs that are necessary to set up a business.
These expenses include legal fees, registration fees, market research costs, etc.
Preliminary expenses are considered as intangible assets and are amortized over a period of time.
They are recorded on the balance sheet under the 'Intangible Assets' section.
Exam...
Revenue is income generated from the core operations of a business, while capital expenditure is the investment in long-term assets.
Revenue is the money earned by a company through its primary activities, such as sales of goods or services.
Capital expenditure refers to the funds spent on acquiring or improving long-term assets, such as property, equipment, or technology.
Revenue is typically recurring and contributes to...
P2P cycle stands for Procure-to-Pay cycle, which is the process of obtaining and paying for goods and services.
P2P cycle involves requisitioning, purchasing, receiving, and paying for goods or services.
It starts with a purchase requisition, followed by purchase order creation, goods receipt, invoice verification, and ends with payment to the vendor.
The cycle ensures that goods or services are ordered, received, and pai...
I applied via Naukri.com and was interviewed in Dec 2021. There was 1 interview round.
A good candidate for Senior Accountant should have strong analytical skills, attention to detail, and excellent communication skills.
Strong analytical skills
Attention to detail
Excellent communication skills
Ability to work under pressure
Knowledge of accounting principles and regulations
Proficiency in accounting software
Ability to work independently and as part of a team
I applied via Naukri.com and was interviewed in Apr 2022. There were 2 interview rounds.
Knowledgeble aptitute test
I applied via Company Website and was interviewed in Sep 2023. There were 2 interview rounds.
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