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Accrued income refers to revenue that has been earned but not yet received or recorded in the accounting books.
Accrued income is recognized when it is earned, regardless of when it is received.
It is recorded as a current asset on the balance sheet.
Common examples include interest income, rent receivable, and service fees.
Accrued income is typically recorded through adjusting journal entries at the end of an accounting
Accrued expenses are recorded through a journal entry to recognize expenses incurred but not yet paid.
Accrued expenses are liabilities that are recognized when expenses are incurred but not yet paid.
The journal entry for accrued expenses involves debiting an expense account and crediting an accrued liability account.
For example, if a company incurs $1,000 of utility expenses but has not yet received the bill, the journ...
Balance sheet reconciliation involves comparing the balances of various accounts in the balance sheet to ensure accuracy and identify discrepancies.
Start by obtaining the trial balance and the general ledger for the period being reconciled.
Compare the balances of each account in the trial balance to the corresponding account in the general ledger.
Investigate any discrepancies or differences between the two balances.
Ens...
A debit note is a document used to record the reduction in accounts payable or an increase in accounts receivable.
A debit note is issued by a buyer to a seller to request a credit for overcharged or returned goods.
It serves as a proof of the reduction in the amount owed by the buyer to the seller.
Debit notes are commonly used in business-to-business transactions.
They help in maintaining accurate financial records and r...
Goods in transit refers to inventory or goods that are in the process of being transported from one location to another.
Goods in transit are not yet received by the buyer but have been shipped by the seller.
These goods are typically in transit via shipping methods such as trucks, trains, ships, or airplanes.
The ownership and responsibility for the goods may vary depending on the terms of the sale or contract.
Goods in t...
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I applied via Naukri.com and was interviewed before Feb 2021. There was 1 interview round.
ISO 9001:2015 is a quality management system standard that outlines the requirements for a company to meet customer and regulatory needs.
ISO 9001:2015 is a set of standards that focus on quality management systems
It outlines the requirements for a company to meet customer and regulatory needs
Quality tools such as Six Sigma, Lean, and Total Quality Management can be used to implement ISO 9001:2015
ISO 9001:2015 emphasize...
Easy. Trick questions
I will demonstrate a mock sales call
Start by greeting the customer and introducing yourself
Ask open-ended questions to understand the customer's needs
Highlight the benefits of the product or service
Overcome any objections the customer may have
Close the call by summarizing the key points and asking for the sale
I applied via Naukri.com and was interviewed in Jul 2023. There were 4 interview rounds.
I applied via Referral and was interviewed in Feb 2024. There were 4 interview rounds.
Managed multiple projects in retail industry focusing on improving customer experience and increasing sales.
Implemented new customer loyalty program resulting in 20% increase in repeat customers
Led team in redesigning store layout to optimize traffic flow and increase sales by 15%
Collaborated with marketing department to launch successful promotional campaigns
I applied via Naukri.com and was interviewed before Apr 2021. There were 4 interview rounds.
About technical interviews
Consol segregation refers to the practice of separating financial statements of subsidiaries from those of the parent company.
It involves segregating the financial statements of subsidiaries from those of the parent company
This is done to provide a clear picture of the financial performance of each subsidiary
Consol segregation is important for accurate financial reporting and analysis
It helps to identify the profitabil...
I applied via Naukri.com and was interviewed in Feb 2021. There were 4 interview rounds.
I appeared for an interview before Jan 2024.
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Software Developer
35
salaries
| ₹12 L/yr - ₹28 L/yr |
Product Development Engineer
20
salaries
| ₹6 L/yr - ₹10 L/yr |
Associate Accountant
14
salaries
| ₹5.4 L/yr - ₹8.5 L/yr |
Accountant
13
salaries
| ₹5.6 L/yr - ₹15 L/yr |
Product Data Analyst
11
salaries
| ₹4.3 L/yr - ₹9.5 L/yr |
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