Vastu Housing Finance Interview Questions and Answers

Depreciation refers to the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.

• Depreciation is a method used in accounting to allocate the cost of an asset over its useful life.

• It represents the reduction in the value of an asset on the balance sheet.

• Depreciation can be calculated using various methods such as straight-line, declining balance, or units of production.

• For example, a company purchases a machine for $10,000 with an estimat...read more

CSAT stands for Customer Satisfaction Score, and it can be improved by focusing on communication, training, and feedback.

• Regularly collect feedback from customers to understand their needs and expectations.

• Provide training to employees to improve their communication and problem-solving skills.

• Implement a system for quick resolution of customer issues to increase satisfaction levels.

• Personalize interactions with customers to make them feel valued and appreciated.

• Use technology...read more

The golden rule of accounting is to maintain accurate and complete records of all financial transactions.

• Maintain accurate and complete records of all financial transactions

• Ensure that all transactions are properly classified and recorded

• Follow the generally accepted accounting principles (GAAP)

• Perform regular audits to ensure accuracy and identify any discrepancies

• Use reliable and secure accounting software to manage financial records

• Examples: recording all sales and expense...read more

Yes, I am able to work in rotational shifts.

• I have previous experience working in rotational shifts at my previous job.

• I am flexible with my schedule and can easily adapt to different shift timings.

• I understand the importance of rotational shifts in a processing executive role to ensure continuous operations.

• I am willing to work nights, weekends, and holidays as needed.

Customer service is the support and assistance provided to customers before, during, and after a purchase.

• Customer service involves addressing customer inquiries, concerns, and complaints in a timely and professional manner.

• It includes providing product information, troubleshooting issues, and ensuring customer satisfaction.

• Examples of customer service activities include answering phone calls, responding to emails, and offering refunds or exchanges.

• Good customer service can l...read more

BRS stands for Bank Reconciliation Statement, which is a document that compares the bank balance as per the company's records with the balance shown in the bank statement.

• BRS helps in identifying discrepancies between the company's records and the bank statement.

• It ensures that all transactions are accurately recorded and helps in detecting errors or fraud.

• Examples of items included in BRS are outstanding checks, deposits in transit, bank errors, and service charges.

• Reconcili...read more

Finance is the management of money and investments.

• Finance involves managing money, investments, and other financial assets.

• It includes activities such as budgeting, saving, investing, and borrowing.

• Examples of finance include personal finance, corporate finance, and public finance.