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

PV ratio is the ratio of contribution to sales. Accrual expenses are recognized but not yet paid, while prepaid expenses are paid but not yet recognized.

• PV ratio is calculated by dividing contribution by sales.

• It helps in determining the break-even point and the impact of changes in sales volume on profit.

• Accrual expenses are expenses that have been incurred but not yet paid, such as salaries or interest.

• Prepaid expens...read more