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Ford Business Solutions
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I applied via Naukri.com and was interviewed before Jun 2020. There were 3 interview rounds.
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I applied via Referral and was interviewed before Oct 2019. There were 3 interview rounds.
Accountancy is the practice of recording, analyzing, and reporting financial transactions for individuals, businesses, and organizations.
Accountancy involves the systematic recording of financial transactions.
It includes analyzing financial data to provide insights and make informed decisions.
Accountants prepare financial statements and reports to communicate the financial health of an entity.
They ensure compliance wit...
A debtor is a person or entity that owes money or has a financial obligation to another party.
A debtor is someone who has borrowed money or received goods or services on credit.
Debtors can be individuals, businesses, or even governments.
They are legally obligated to repay the borrowed amount or fulfill their financial obligations.
Debtors are recorded as liabilities on the balance sheet of the creditor.
Examples of debto...
A creditor is a person or entity to whom money is owed.
A creditor is someone who has provided goods or services on credit.
They are owed money by the debtor.
Creditors can be individuals, businesses, or financial institutions.
Examples of creditors include suppliers, banks, and bondholders.
The ledger entry for a credit sale involves recording the increase in accounts receivable and the corresponding increase in sales revenue.
Credit sale is a transaction where goods or services are sold on credit, meaning the payment is expected at a later date.
To record a credit sale, the accounts receivable account is debited to increase the amount owed by the customer.
Simultaneously, the sales revenue account is credit...
Journal entries of reconciliation involve adjusting entries to ensure the balance in the general ledger matches the bank statement.
Reconciliation involves comparing the transactions in the bank statement with those in the general ledger.
Adjusting entries are made to correct any discrepancies between the two records.
Common adjusting entries include recording bank fees, interest income, outstanding checks, and deposits i...
I applied via Walk-in and was interviewed in Mar 2024. There was 1 interview round.
The 3 golden rules of accounting are the rules that govern how financial transactions should be recorded and reported.
1. Debit the receiver, credit the giver: When an asset is received, it is debited. When an asset is given, it is credited.
2. Debit what comes in, credit what goes out: Debit increases assets and expenses, credit decreases them.
3. Debit all expenses and losses, credit all incomes and gains: Expenses and ...
A voucher in Tally is a document used to record financial transactions in the accounting software.
Vouchers in Tally include sales vouchers, purchase vouchers, payment vouchers, receipt vouchers, journal vouchers, etc.
Each voucher type has specific fields to enter transaction details like date, party name, amount, ledger accounts, etc.
Vouchers help in maintaining accurate and organized financial records for businesses.
V...
Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
Assets are resources owned by the company, such as cash, inventory, and equipment.
Liabilities are obligations or debts that the company owes to others, such as loans and accounts payable.
Equity represents the owner's stake in the company, calculated as assets minus liabilities.
The balance sheet equa...
GST stands for Goods and Services Tax, a consumption tax levied on the supply of goods and services. TDS stands for Tax Deducted at Source, a tax collection method.
GST is a value-added tax levied on most goods and services sold for domestic consumption.
TDS is a tax deducted by the payer at the time of making payment to the payee.
GST is collected by businesses and remitted to the government, while TDS is deducted by the...
Reconciliation is the process of comparing two sets of records to ensure they are in agreement.
Reconciliation involves verifying and adjusting financial records to match bank statements or other sources.
It helps identify discrepancies, errors, or fraud in financial transactions.
Examples include reconciling bank statements with cash records, credit card statements with expense reports, or inventory records with physical
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
Accounting involves recording financial transactions
It includes classifying transactions into categories such as assets, liabilities, and equity
Summarizing financial information to provide useful insights for decision-making
Examples of financial statements includ...
Different types of accounts are used to classify and track financial transactions based on their nature and purpose.
Types of accounts include assets, liabilities, equity, revenue, and expenses.
Assets are resources owned by the company, such as cash, inventory, and property.
Liabilities are obligations owed by the company, such as loans and accounts payable.
Equity represents the residual interest in the assets of the com...
A computer is an electronic device that can perform various tasks by executing instructions given to it.
Computers can process and store large amounts of data
They can be used for communication, entertainment, and work
Examples include desktops, laptops, tablets, and smartphones
There are various types of computers available in the market.
Desktop computers
Laptop computers
Tablet computers
Server computers
Mainframe computers
Supercomputers
I applied via Company Website and was interviewed in May 2022. There were 6 interview rounds.
Test application, communication skills
Topic knowledge communication skills
What are you strength and weekness
What are you strength and weekness
I applied via Naukri.com and was interviewed in Oct 2023. There were 2 interview rounds.
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 the accuracy of a company's financial records.
It involves comparing the transactions recorded in the company's books with those in the bank statement.
Any discrepancies between the two balances are identified and resolved.
Common reasons for d...
I applied via Internshala and was interviewed in Aug 2022. There were 3 interview rounds.
Sources of evidence for case studies include interviews, documentation, archival records, direct observations, participant-observation, and physical artifacts.
I was interviewed in Jun 2016.
posted on 13 Mar 2024
I applied via Recruitment Consulltant and was interviewed before Mar 2023. There were 3 interview rounds.
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Production Associate
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Senior Associate
76
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Software Engineer
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Deputy Manager
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Senior Software Engineer
65
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