eClerx Interview Questions, Process, and Tips for Freshers

Reconciliation is the process of comparing two sets of records to ensure they are in agreement. BRS stands for Bank Reconciliation Statement.

• Reconciliation involves comparing financial records to identify discrepancies

• BRS is a statement that compares a company's bank account balance to its financial records

• Reconciliation and BRS are important for identifying errors and fraud in financial records

• Examples of items that m...read more

There are different types of shares, such as common shares and preferred shares. Depreciation is the decrease in value of an asset over time.

• Common shares represent ownership in a company and give shareholders voting rights.

• Preferred shares have a fixed dividend and priority over common shares in case of liquidation.

• Depreciation is an accounting method used to allocate the cost of an asset over its useful life.

• It refle...read more

OTC market refers to the trading of securities directly between parties, while investment banking involves providing financial services to corporations and governments.

• OTC market stands for Over-the-Counter market, where securities are traded directly between parties without a centralized exchange.

• Investment banking is a sector of the financial industry that provides various financial services such as underwriting, mer...read more

A bond is a debt security where an investor loans money to an entity for a defined period at a fixed interest rate. A debenture is a type of bond that is not secured by collateral.

• Bonds are issued by corporations, municipalities, and governments to raise capital.

• Bonds have a fixed maturity date and pay interest at a fixed rate.

• Debentures are unsecured bonds that rely on the creditworthiness of the issuer.

• Debentures typ...read more

Finance deals with managing money and investments, while accounting deals with recording and reporting financial transactions.

• Finance involves making financial decisions and managing investments, such as deciding how to allocate funds and analyzing financial data to make predictions.

• Accounting involves recording financial transactions, preparing financial statements, and ensuring compliance with financial regulations.

• F...read more