Gamlaa Interview Questions and Answers

Maintaining plants and landscape projects involves regular watering, pruning, fertilizing, and pest control.

• Regularly water plants to ensure they stay healthy and hydrated.

• Prune plants to promote growth and maintain their shape.

• Fertilize plants to provide essential nutrients for growth.

• Implement pest control measures to prevent damage to plants.

• Regularly inspect plants for signs of disease or stress.

• Keep landscape proj...read more

The Golden Rule is a moral principle that states one should treat others as one would like to be treated.

• The Golden Rule is a fundamental ethical principle found in many cultures and religions.

• It encourages individuals to consider the impact of their actions on others.

• It promotes empathy, kindness, and respect towards others.

• Examples of the Golden Rule include 'Do unto others as you would have them do unto you' and 'Tr...read more

Gamlaa is a financial technology company that provides accounting software solutions for businesses.

• Gamlaa specializes in developing software for financial management and accounting.

• Their software helps businesses automate their accounting processes and manage their financial data.

• Gamlaa's solutions include features like bookkeeping, invoicing, payroll management, and financial reporting.

• They offer cloud-based software...read more

The entry for Salaries with TDS and PF involves debiting the Salaries expense account and crediting the TDS and PF liability accounts.

• Debit the Salaries expense account to record the amount paid as salaries

• Credit the TDS liability account to record the amount withheld for tax deduction

• Credit the PF liability account to record the amount withheld for provident fund

• Ensure the total debits equal the total credits in the e...read more

Accrual refers to the recognition of revenue or expenses in the financial statements before the actual cash transaction occurs.

• Accrual accounting method is used to record transactions based on when they are incurred, rather than when cash is exchanged.

• Accruals help provide a more accurate picture of a company's financial position and performance.

• Examples of accruals include accrued revenue, accrued expenses, and accrue...read more

The due date to file TDS varies depending on the type of TDS and the entity's status.

• The due date for filing TDS returns for non-government deductors is typically the 7th of the following month.

• For government deductors, the due date is the last day of the following month.

• However, the due date may differ for specific types of TDS, such as TDS on salary or TDS on rent.

• Late filing of TDS returns may attract penalties and ...read more

TDS deducted in March has a specific due date for payment, differing from other months due to the financial year-end.

• TDS deducted in March must be deposited by April 30 of the same financial year.

• This is different from other months where TDS is due by the 7th of the following month.

• For example, TDS deducted in February is due by March 7, while March TDS is due by April 30.

• This rule ensures that all TDS for the financia...read more

The financial year is a 12-month period used by organizations to report their financial performance and prepare financial statements.

• It is a period of time typically lasting 12 months.

• It is used by organizations to track and report their financial activities.

• It helps in preparing financial statements and analyzing financial performance.

• The financial year can vary depending on the country or organization.

• For example, in...read more