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The type of account refers to the classification of accounts based on their nature and purpose.
There are five main types of accounts: assets, liabilities, equity, revenue, and expenses.
Assets are resources owned by the company, such as cash, inventory, and equipment.
Liabilities are obligations owed by the company, such as loans and accounts payable.
Equity represents the owner's stake in the business.
Revenue is the inco...
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 that all transactions are recorded accurately in the company's books.
It involves comparing the company's records of its bank account with the bank statement to identify any discrepancies.
Common reasons for discrepancies include outstanding c...
Tangible assets are physical assets that can be seen and touched.
Real estate
Machinery
Vehicles
Inventory
Furniture and fixtures
Current assets are assets that are expected to be converted into cash or used up within one year.
Includes cash, accounts receivable, inventory, and prepaid expenses
Listed on the balance sheet under assets
Helps determine a company's liquidity and ability to pay off short-term obligations
The gold rule of accounting states that debits must equal credits in every financial transaction.
Debits must always equal credits in accounting entries
It is the foundation of double-entry accounting
Helps ensure accuracy and balance in financial records
I applied via Walk-in and was interviewed in Dec 2023. There were 2 interview rounds.
The journal entry for accounts payable is a credit to accounts payable and a debit to the corresponding expense or asset account.
Accounts payable is a liability account that represents the amount owed to suppliers or vendors for goods or services received.
When recording the journal entry for accounts payable, the accounts payable account is credited to increase the liability.
The corresponding expense or asset account i...
Journal entries for accounts receivable record the increase and decrease in the amount owed by customers.
When a sale is made on credit, the journal entry debits accounts receivable and credits sales revenue.
When a customer makes a payment, the journal entry debits cash and credits accounts receivable.
If a customer returns goods, the journal entry debits sales returns and allowances and credits accounts receivable.
If an...
I applied via Recruitment Consultant and was interviewed in Dec 2021. There were 3 interview rounds.
Working capital is the measure of a company's liquidity and operational efficiency. It represents the difference between current assets and current liabilities.
Working capital is the amount of money available to a company for its day-to-day operations.
It is calculated by subtracting current liabilities from current assets.
Positive working capital indicates that a company has enough assets to cover its short-term liabil...
EXL Service interview questions for designations
I appeared for an interview before Jun 2016.
A bond is a debt security that represents a loan made by an investor to a borrower.
Bonds are issued by governments, municipalities, and corporations.
They are used to raise capital and finance projects.
Different types of bonds include government bonds, corporate bonds, municipal bonds, and convertible bonds.
Government bonds are issued by national governments and are considered low-risk.
Corporate bonds are issued by comp...
My specialisation subjects in BBA include marketing, finance, human resource management, and operations management.
Marketing involves understanding consumer behavior and creating strategies to promote products or services.
Finance focuses on managing funds, investments, and financial planning.
Human resource management deals with recruiting, training, and managing employees.
Operations management involves overseeing produ...
My favorite subject is history because I enjoy learning about past events and how they have shaped the world we live in today.
I find studying different time periods and cultures fascinating
I enjoy analyzing historical documents and artifacts
I like understanding how historical events have influenced current societies and politics
Yes, I am comfortable with night shifts as I have prior experience working in night shifts.
I have previous experience working night shifts in my previous job.
I am able to adjust my sleep schedule to accommodate night shifts.
I understand the importance of being alert and focused during night shifts.
I am willing to work night shifts if required for the role.
My hobbies include hiking, painting, and playing the guitar.
Hiking: I enjoy exploring nature trails and challenging myself physically.
Painting: I find relaxation and creativity in expressing myself through art.
Playing the guitar: I love learning new songs and improving my musical skills.
My parents work in education and my siblings work in finance and healthcare.
Parents work in education
Siblings work in finance and healthcare
I appeared for an interview before May 2016.
I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.
I have a Bachelor's degree in Statistics and experience working with large datasets
Proficient in statistical software such as R and Python
Skilled in identifying trends and patterns to provide actionable insights
Strong communication skills to present findings to stakeholders
My CGPA decreased consistently after my 1st year due to various factors.
I faced challenges in adjusting to the new academic environment in my first year.
I had to balance my studies with extracurricular activities and part-time jobs.
I struggled with certain subjects or courses that were more challenging for me.
I may have experienced personal or health issues that affected my academic performance.
I learned from my mistak...
The company is a leading financial services firm specializing in investment analysis and research.
Specializes in investment analysis and research
Considered a leader in the financial services industry
Known for providing high-quality financial advice and recommendations
Some cricketers from the 70s include Sunil Gavaskar, Dennis Lillee, and Clive Lloyd.
Sunil Gavaskar was a legendary Indian batsman known for his technique and consistency.
Dennis Lillee was a fearsome Australian fast bowler who dominated the cricketing world in the 70s.
Clive Lloyd was a West Indian cricketer who captained the team to two consecutive World Cup victories in 1975 and 1979.
I appeared for an interview in Sep 2016.
I tend to overthink and can be too self-critical at times.
I often spend too much time analyzing details and can lose sight of the bigger picture.
I sometimes struggle with making decisions quickly due to overthinking.
I can be too hard on myself and take criticism too personally.
For example, in my previous job, I spent too much time perfecting a project and missed the deadline.
Another example is when I received construct...
Launching a new product involves several steps, from ideation to market launch.
Conduct market research to identify customer needs and preferences
Develop a product concept and create a prototype
Test the product with focus groups and make necessary adjustments
Create a marketing plan and determine pricing strategy
Launch the product and monitor sales and customer feedback
Make any necessary improvements or adjustments based...
Primary research is original research conducted by the researcher, while secondary research is based on existing research.
Primary research involves collecting new data through surveys, interviews, experiments, etc.
Secondary research involves analyzing existing data from sources like books, journals, websites, etc.
Primary research is more time-consuming and expensive than secondary research.
Secondary research is useful ...
There are approximately 50-60 traffic signals between Aurangabad and Pune.
Consider the distance between Aurangabad and Pune is around 235 km.
Assuming an average distance of 4 km between two signals, there would be around 58-59 signals.
However, the number may vary based on the route taken and the traffic density.
Also, the number of signals may have increased or decreased over time due to road development projects.
Hence,...
I am a highly motivated individual with a passion for problem-solving and continuous learning.
I have a degree in computer science and have worked as a software engineer for 3 years.
I enjoy taking on new challenges and have experience working in both team and individual settings.
In my free time, I enjoy reading books on technology and attending tech conferences to stay up-to-date with the latest trends.
I am also an avid...
Market research involves gathering and analyzing information about a target market to make informed business decisions.
Identify research objectives and target audience
Choose research methods (surveys, focus groups, etc.)
Collect and analyze data
Draw conclusions and make recommendations
Continuously monitor and update research
Example: Conducting a survey to determine customer satisfaction with a product
Example: Analyzing ...
I applied via Naukri.com and was interviewed before Aug 2021. There were 2 interview rounds.
Description of the assessment.
I applied via Naukri.com and was interviewed in Dec 2018. There were 4 interview rounds.
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Interview experience
based on 7 reviews
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