Escalon Business Services Interview Questions, Process, and Tips

Q1. Journal entries related to deferred revenue, accrual
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Q2. Journal entries related to recording of expenses and incomes
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Q1. They Provide with lot of accounting data to make Journal , p and L , Trail and balance sheet .
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Q2. Expected salary and current notice period
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Accounts related questions in Excel

Q1. They will ask you about your experience and knowledge.
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Q2. They will ask you the reason for job change.
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Q3. They can give you a task such as to share a process MAP covering different stakeholders.
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Assignment is accounting related

Q1. Concept of deffered accounting
Ans. 
Deferred accounting refers to recognizing revenue or expenses at a later date than when they are actually incurred.
• Deferred accounting is used to match revenue and expenses with the period in which they are actually earned or incurred.

• Common examples include prepaid expenses and unearned revenue.

• Deferred tax liabilities and assets are also examples of deferred accounting.

• It helps in accurately reflecting the financial
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Q2. Journal entries for amortization
Ans. 
Journal entries for amortization involve recording the gradual reduction in value of intangible assets over time.
• Amortization is the process of allocating the cost of intangible assets over their useful life.

• Debit the Amortization Expense account and credit the Accumulated Amortization account.

• Journal entry example: Debit Amortization Expense $1,000, Credit Accumulated Amortization $1,000.

• Amortization does not apply to
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Q3. Depreciation accounting
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Q1. Salary discussion
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Q1. Accrual, prepayment, capitalisation, revenue recognition, accounts payable, amortization
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Q2. Asc606, 1099 finalisation of accounts
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How to handle clients sentiments.

Q1. Finance and accounting-related
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Q1. Personal skills, Team handling, Building relationship
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