EXL Service Senior Associate Interview Questions, Process, and Tips

Prepaid expenses are expenses paid in advance but not yet incurred or used.

• Prepaid expenses are recorded as assets on the balance sheet.

• They are gradually expensed over time as they are used or incurred.

• Examples include prepaid rent, insurance premiums, and subscriptions.

• Prepaid expenses are common in industries such as real estate and insurance.

Differed revenue is revenue received in advance but not yet earned.

• Differed revenue is also known as unearned revenue.

• It is a liability on the balance sheet until the goods or services are delivered.

• Examples include magazine subscriptions, prepaid rent, and gift cards.

• Once the revenue is earned, it is recognized on the income statement.

• Differed revenue is common in industries such as software, consulting, and real esta

I want to join this organization because of its strong reputation in the industry and its commitment to innovation and growth.

• Strong reputation in the industry

• Commitment to innovation and growth

• Opportunities for career advancement

• Positive company culture

• Alignment with my values and career goals