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Accrual accounting is a method of accounting where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
Revenue is recognized when it is earned, not necessarily when cash is received
Expenses are recorded when they are incurred, not necessarily when they are paid
Accrual accounting provides a more accurate picture of a company's financial position and performance over ...
Prepayment is an advance payment made for goods or services before they are received or delivered.
Prepayment is recorded as an asset on the balance sheet until the goods or services are received or delivered.
Once the goods or services are received or delivered, the prepayment is then recognized as an expense on the income statement.
Examples of prepayments include rent paid in advance, insurance premiums, and subscripti
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I applied via Indeed and was interviewed in Jun 2022. There were 2 interview rounds.
posted on 4 May 2024
I applied via Naukri.com and was interviewed in Apr 2024. There was 1 interview round.
I applied via Company Website and was interviewed in Dec 2021. There was 1 interview round.
I am srikanth from Nellore and study bachelor degree is completed this year
I applied via Company Website and was interviewed in Mar 2021. There was 1 interview round.
I have 2 years of experience in accounting.
During my 2 years of experience, I have gained a strong understanding of accounting principles and practices.
I have experience in preparing financial statements, managing accounts payable and receivable, and reconciling bank statements.
I am proficient in using accounting software such as QuickBooks and Excel.
I have also developed strong analytical and problem-solving skills th...
I applied via Walk-in and was interviewed in Mar 2022. There were 3 interview rounds.
About accountant and finance
Sales can be entered in Tally by creating a sales voucher and entering the necessary details.
Go to Accounting Vouchers in Tally
Select Sales Voucher
Enter the customer details, sales amount, and other relevant information
Save the voucher to record the sales transaction
To enter ledger posting in Tally, you can use the 'Accounting Vouchers' option.
Go to 'Accounting Vouchers' in Tally
Select the type of voucher you want to create (e.g. Payment, Receipt, Contra, Journal)
Enter the necessary details such as the ledger account, amount, and narration
Save the voucher to post the entry in the ledger
To enter a payment in Tally, you can use the payment voucher option.
Go to Accounting Vouchers section in Tally
Select Payment Voucher option
Enter payment details such as party name, amount, and payment mode
Save the voucher to record the payment
You can also use shortcut keys like F5 to directly access payment voucher
I applied via Indeed and was interviewed in Jun 2022. There were 2 interview rounds.
based on 16 reviews
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