Gallagher Associate Interview Questions and Answers for Freshers

It consists of logical,reasoning, insurance, accounts

Q1. What is debenture? , whether capital is an asset or liablity?
Ans. 
A debenture is a type of debt instrument that is issued by a company or government entity to raise capital.
• Debentures are typically long-term investments with a fixed interest rate and maturity date.

• They are unsecured, meaning they are not backed by any specific collateral.

• Debenture holders are considered creditors of the company and have a claim on its assets in case of default.

• Capital is considered a liability as it ...read more
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Q2. What is bank reconciliation statement ?
Ans. 
Bank reconciliation statement is a document that compares the bank statement with the company's accounting records.
• It helps to identify any discrepancies between the two records.

• It includes items such as deposits, withdrawals, and bank fees.

• It ensures that the company's financial records are accurate and up-to-date.

• It is usually prepared on a monthly basis.

• Example: If the bank statement shows a withdrawal of $100 but t...read more
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Q3. What is debentureee ?
Ans. 
A debenture is a type of debt instrument that is not secured by physical assets or collateral.
• Debenture holders are creditors of the company and have a right to receive interest and principal payments.

• Debentures can be issued by corporations, governments, and other organizations.

• Debentures can be convertible or non-convertible, and can have varying maturity dates and interest rates.

• Debentures are often used as a way fo...read more
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Q1. Difference between straight line method and diminishing balance method, somemore questions
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