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Golden rules are basic principles of accounting that guide the recording of financial transactions.
Golden rules are also known as fundamental accounting principles.
There are three golden rules: the personal account rule, the real account rule, and the nominal account rule.
The personal account rule states that debit the receiver and credit the giver.
For example, when cash is received from a customer, we debit the cash a...
I applied via Naukri.com and was interviewed in Jun 2021. There was 1 interview round.
The entry made when a person puts cash in the bank is a debit to the bank account and a credit to the cash account.
Debit the bank account to increase the balance.
Credit the cash account to decrease the balance.
The entry follows the basic accounting equation: Assets = Liabilities + Equity.
Example: Debit Bank Account $1,000, Credit Cash Account $1,000.
I applied via Referral and was interviewed before Oct 2023. There were 3 interview rounds.
Inventory valuation is the process of assigning a monetary value to the items held in stock by a business.
Inventory valuation methods include FIFO (First In, First Out), LIFO (Last In, First Out), and weighted average cost.
The chosen method can impact the reported profit and taxes of a business.
Inventory valuation helps in determining the cost of goods sold and the value of ending inventory on the balance sheet.
The tax charged for transit of gold etc. varies depending on the country and specific regulations.
Tax rates for transit of gold can range from 0% to 10% or more
Some countries may have specific regulations or exemptions for gold transit
Tax rates may also depend on the quantity and value of the gold being transported
Net worth of a company is the total assets minus total liabilities, representing the value of the company's equity.
Net worth = Total assets - Total liabilities
It represents the value of the company's equity
It is an important indicator of a company's financial health and stability
Investors and stakeholders often use net worth to assess the company's value and performance
Questions related to accounts
I applied via Company Website and was interviewed in Sep 2023. There were 3 interview rounds.
Grammar questions and subject based questions or company questions.
I applied via Naukri.com and was interviewed before Apr 2022. There were 3 interview rounds.
You should hire me because of my strong leadership skills, proven track record, and ability to drive results.
I have extensive experience in managing teams and leading them to success.
I have a proven track record of achieving and exceeding targets.
I possess excellent communication and interpersonal skills, which enable me to effectively collaborate with colleagues and motivate team members.
I am highly organized and deta...
Seeking new challenges and growth opportunities.
Looking for a position with more responsibility and leadership opportunities.
Desire to expand my skill set and learn new things.
Seeking a company with a better cultural fit.
Wanting to work in a more collaborative and supportive environment.
Current job lacks opportunities for career advancement.
I am a dedicated and experienced professional with strong leadership skills and a passion for achieving results.
Experienced in managing teams and driving performance
Proven track record of meeting and exceeding targets
Strong communication and interpersonal skills
Ability to adapt to changing environments and handle multiple tasks
Passionate about developing and mentoring team members
Example: As an Assistant Manager at XYZ...
My greatest strength is my ability to effectively communicate and collaborate with team members. My weakness is that I can be overly detail-oriented at times.
Strength: Effective communication and collaboration skills
Strength: Ability to work well with team members
Weakness: Being overly detail-oriented
Weakness: Sometimes spending too much time on minor details
Weakness: Striving for perfection can lead to delays
Managing a diverse team and meeting sales targets
Dealing with conflicts and resolving issues among team members
Motivating and inspiring team members to achieve sales goals
Adapting to changing market trends and customer demands
Ensuring efficient inventory management and minimizing wastage
Implementing effective customer service strategies to enhance customer satisfaction
I manage challenges by prioritizing tasks, delegating responsibilities, and maintaining open communication.
Prioritize tasks based on urgency and importance
Delegate responsibilities to team members based on their strengths and expertise
Maintain open communication with team members and stakeholders
Adapt and adjust plans as needed to overcome challenges
I applied via Referral and was interviewed before Apr 2021. There was 1 interview round.
I applied via Walk-in and was interviewed in Dec 2024. There were 3 interview rounds.
The main components of a computer system include hardware, software, data, and users.
Hardware - physical components like CPU, memory, motherboard, etc.
Software - programs and applications that run on the hardware.
Data - information processed and stored by the computer system.
Users - people who interact with the computer system.
Examples: CPU, RAM, operating system, files, keyboard, mouse.
The motherboard is the main circuit board of a computer that connects all the components together.
The motherboard provides the electrical connections between the CPU, RAM, storage devices, and other components.
It also contains slots for expansion cards such as graphics cards, sound cards, and network cards.
The BIOS (Basic Input/Output System) is stored on the motherboard and controls the boot process of the computer.
Th...
Experienced professional with a background in retail management and a proven track record of driving sales and improving team performance.
Over 5 years of experience in retail management
Strong leadership skills demonstrated through successful team management
Proven track record of exceeding sales targets
Excellent communication and problem-solving abilities
Strength: Strong leadership skills, Weakness: Difficulty delegating tasks
Strength: Effective communication and problem-solving skills
Strength: Ability to motivate and inspire team members
Weakness: Struggle with letting go of control and trusting others to complete tasks
Weakness: Working on improving delegation skills through practice and feedback
I would start by checking the network hardware, then analyze network traffic and run diagnostic tests.
Check network hardware such as routers, switches, and cables for any issues
Analyze network traffic using tools like Wireshark to identify any bottlenecks
Run diagnostic tests to pinpoint the source of the slow connection, such as ping tests or speed tests
Check printer connection, restart printer, troubleshoot network settings, contact IT support if needed.
Check if the printer is properly connected to the network.
Restart the printer to see if that resolves the issue.
Troubleshoot network settings such as checking IP address and network configuration.
Contact IT support for further assistance if the issue persists.
I applied via Referral and was interviewed before Jan 2024. There was 1 interview round.
Worked at a fast-paced retail company with a focus on customer service and team management.
Managed a team of 15 employees, delegating tasks and ensuring smooth operations
Implemented new customer service strategies resulting in a 20% increase in customer satisfaction
Handled inventory management and ordering to ensure products were always in stock
Collaborated with other departments to improve overall store efficiency
I applied via Indeed and was interviewed before Jun 2023. There was 1 interview round.
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