Gamlaa Executive Accountant Interview Questions, Process, and Tips for Freshers

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

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

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

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