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Golden rules of account are basic principles that guide the recording of financial transactions.
Golden rule of account is Debit the receiver, Credit the giver.
Real accounts are debited when receiving benefits and credited when giving benefits.
Nominal accounts are debited when expenses or losses are incurred and credited when incomes or gains are earned.
Personal accounts are debited when the receiver is the account hold...
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I applied via Campus Placement and was interviewed in Jan 2021. There were 3 interview rounds.
The Golden rule of accounting is to debit the receiver and credit the giver.
It is a fundamental principle of accounting.
It is used to record transactions in the correct way.
It ensures that the accounting equation remains balanced.
For example, when a company receives cash, it debits cash and credits the account that provided the cash.
It is also known as the principle of reciprocity.
Price-to-earnings (P/E) ratio is used to evaluate the share.
P/E ratio compares the current market price of a share to its earnings per share (EPS).
It helps investors determine if a stock is overvalued or undervalued.
A high P/E ratio may indicate that the stock is overvalued, while a low P/E ratio may indicate that the stock is undervalued.
For example, if a company has a P/E ratio of 20, it means that investors are will...
I applied via Job Portal and was interviewed before Dec 2020. There were 4 interview rounds.
Accruals are revenues earned but not yet received, while deferrals are payments received but not yet earned.
Accruals are recorded as accounts receivable on the balance sheet.
Deferrals are recorded as accounts payable on the balance sheet.
Examples of accruals include interest income and sales revenue.
Examples of deferrals include prepaid rent and unearned revenue.
Accruals and deferrals are important for accurate financi...
I applied via Naukri.com and was interviewed before Mar 2021. There was 1 interview round.
RTR process refers to Record to Report process which involves all activities from recording transactions to preparing financial statements.
RTR process is a crucial part of accounting and finance operations.
It involves recording financial transactions, reconciling accounts, and preparing financial statements.
The process ensures accuracy and completeness of financial data.
It includes activities like journal entries, gene...
I applied via Campus Placement and was interviewed before Nov 2019. There were 4 interview rounds.
Current ratio includes all current assets, while quick ratio only includes liquid assets.
Current ratio measures a company's ability to pay off its current liabilities with its current assets.
Quick ratio is a more conservative measure of liquidity, as it only includes assets that can be quickly converted to cash.
Current ratio formula: Current assets / Current liabilities
Quick ratio formula: (Current assets - Inventory) ...
A software company incurs various costs including development, marketing, infrastructure, and maintenance.
Development costs for creating and updating software
Marketing costs for promoting the software
Infrastructure costs for hosting and maintaining servers
Maintenance costs for fixing bugs and providing customer support
I applied via Naukri.com and was interviewed before Apr 2020. There were 3 interview rounds.
I have experience working as a financial analyst in the past.
I have worked as a financial analyst for XYZ Company for 3 years.
During my time at XYZ Company, I was responsible for financial planning, budgeting, and forecasting.
I conducted financial analysis to identify trends, risks, and opportunities for improvement.
I prepared financial reports and presentations for senior management.
I also collaborated with cross-func...
Wipro is a leading global IT services company known for its innovative solutions and strong financial performance.
Wipro has a strong track record of financial stability and growth
Wipro is known for its innovative solutions in the IT services industry
Wipro has a global presence and a diverse range of clients
Wipro offers opportunities for career growth and development
Comparable company analysis involves comparing financial ratios and metrics of similar companies to evaluate performance.
Comparable company analysis is a valuation method used to determine the value of a company by comparing it to similar companies in the same industry.
It involves analyzing financial ratios such as price-to-earnings (P/E) ratio and beta to assess the relative valuation and risk of the company.
Beta meas...
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