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I applied via Campus Placement and was interviewed before Apr 2023. There was 1 interview round.
Tolerable error is the maximum error that can be accepted in financial statements without affecting the decision-making process.
Tolerable error is determined based on materiality thresholds set by the auditor.
It is used to assess the accuracy and reliability of financial statements.
If the actual error exceeds the tolerable error, it may lead to a qualified audit opinion.
Tolerable error is influenced by factors such as ...
I applied via Recruitment Consultant and was interviewed in Nov 2020. There were 3 interview rounds.
I applied via Naukri.com and was interviewed before Dec 2020. There were 5 interview rounds.
GST has replaced multiple indirect taxes with a single tax. Recent changes include simplified return filing and reduced rates for certain items.
GST has replaced multiple indirect taxes like VAT, excise duty, service tax, etc.
It has simplified the tax structure and reduced the cascading effect of taxes.
Recent changes include the introduction of simplified return filing through GST Sahaj and GST Sugam.
GST rates have been...
I applied via Recruitment Consultant and was interviewed in Apr 2021. There were 4 interview rounds.
I applied via Walk-in and was interviewed before Sep 2019. There were 5 interview rounds.
I applied via Campus Placement and was interviewed before Sep 2021. There were 3 interview rounds.
I had a tax profile so basics of Tax, accounts, excel and simple english
I applied via Naukri.com and was interviewed in Nov 2019. There were 5 interview rounds.
I applied via Campus Placement and was interviewed in Mar 2021. There was 1 interview round.
Steps in revenue recognition under Ind AS 115
Identify the contract with the customer
Identify the performance obligations in the contract
Determine the transaction price
Allocate the transaction price to the performance obligations
Recognize revenue when (or as) the entity satisfies a performance obligation
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