Gallagher Interview Questions and Answers

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English grammer
logical reasoning

Q1. What is accounts payable and recevaible
Ans. 
Accounts payable is money owed by a company to its suppliers, while accounts receivable is money owed to a company by its customers.
• Accounts payable refers to the money a company owes to its suppliers for goods or services purchased on credit.

• Accounts receivable refers to the money owed to a company by its customers for goods or services provided on credit.

• Accounts payable is a liability on the company's balance sheet,...read more
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Q2. Resume based q&a
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Q3. Depreciation and its types
Ans. 
Depreciation is the allocation of the cost of an asset over its useful life. Types include straight-line, double declining balance, and units of production.
• Depreciation is a method of allocating the cost of an asset over its useful life

• Straight-line depreciation evenly spreads the cost over the useful life of the asset

• Double declining balance method accelerates depreciation in the early years of an asset's life

• Units of...read more
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Q4. Journal entries
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Q1. Same Q&a as hr resume based questions S&W
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Q2. DEPRECIATION AMMORTIATION JOURNAL ENTRIES WHAT IS TRADING AC
Ans. 
Trading account is a financial statement that shows the results of buying and selling goods and services.
• Trading account is a part of the final accounts of a business.

• It shows the gross profit or loss made by the business through trading activities.

• It includes details of sales, purchases, direct expenses, and direct incomes.

• The formula for calculating gross profit is: Gross Profit = Net Sales - Cost of Goods Sold.
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Q3. BASIC ACCOUNTING Q&A
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Q1. What is UAM and the role of the team
Ans. 
UAM stands for User Access Management, focusing on controlling user access to systems and data.
• UAM ensures that only authorized users can access sensitive information, reducing security risks.

• The team implements role-based access control (RBAC) to assign permissions based on user roles.

• Regular audits are conducted to review user access and ensure compliance with security policies.

• Examples include managing user accounts...read more
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Q2. What is the purpose of UAM
Ans. 
UAM (User Activity Monitoring) enhances security by tracking user actions to prevent unauthorized access and data breaches.
• Monitors user actions in real-time to detect suspicious behavior.

• Helps in compliance with regulations like GDPR by tracking data access.

• Can provide insights into user productivity and system usage.

• Example: Detecting unusual login times or locations.

• Facilitates incident response by providing logs of
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Q1. Work profile and work question.
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Q1. General accounts and communication
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Q2. Introduction and Excel
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Q1. General accounts and process explain
Ans. 
General accounts refer to the financial records of a company, while process involves the systematic steps taken to complete a task.
• General accounts involve recording financial transactions, preparing financial statements, and analyzing financial data.

• Process refers to the series of steps or actions taken to achieve a specific goal or outcome.

• In accounting, the process may involve recording transactions, reconciling acc...read more
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Q2. . communication skills tested and
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