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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 Campus Placement and was interviewed before Nov 2019. There were 3 interview rounds.
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...
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 was interviewed before Mar 2024.
An individual should possess knowledge of current market trends, competitors, customer preferences, and regulatory changes in their industry.
Understanding current market trends and dynamics
Knowledge of competitors and their strategies
Understanding customer preferences and behavior
Awareness of regulatory changes and compliance requirements
I am very comfortable using my own vehicle for transportation around the city.
I have been driving for many years and am familiar with the city's roads and traffic patterns.
I have a reliable vehicle that is well-maintained and suitable for city driving.
I am comfortable navigating to different locations within the city using GPS or maps.
I am interested in Godrej Interio due to its reputation for quality products, innovative designs, and commitment to customer satisfaction.
Reputation for quality products: I have heard positive reviews from friends and family who have purchased furniture from Godrej Interio.
Innovative designs: I am impressed by the unique and modern designs offered by Godrej Interio, which stand out in the market.
Commitment to customer ...
To attract new businesses, I will focus on networking, offering competitive pricing, showcasing success stories, and providing excellent customer service.
Develop a strong networking strategy to connect with potential clients and industry partners.
Offer competitive pricing and discounts to entice new businesses to choose our company over competitors.
Showcase success stories and case studies of how our services have bene...
I prefer biking for its environmental benefits and health advantages, but I appreciate the convenience of a car for longer trips.
Biking promotes physical fitness; for example, I cycle to work several times a week.
Biking reduces carbon footprint, contributing to a healthier planet.
Cars offer comfort and speed for longer distances, especially in bad weather.
Biking allows for a more immersive experience of the surrounding
My current company has limitations in growth opportunities and work-life balance, prompting my desire for a new challenge.
Limited career advancement: There are few opportunities for promotions or skill development, which can hinder professional growth.
Work-life balance issues: The demanding workload often leads to long hours, impacting personal time and overall well-being.
Lack of innovative projects: The company tends ...
Godrej fosters a collaborative, innovative, and inclusive work culture, emphasizing sustainability and employee well-being.
Emphasis on innovation: Godrej encourages employees to think creatively, as seen in their product development initiatives.
Focus on sustainability: The company integrates eco-friendly practices in its operations, reflecting its commitment to the environment.
Diversity and inclusion: Godrej promotes a...
I applied via Naukri.com and was interviewed before Sep 2021. There were 4 interview rounds.
Job relocation can be managed depending on various factors.
Relocation can be managed if the company has a policy in place for it.
The employee should be willing to relocate and should have a valid reason for it.
The cost of relocation should be considered by the company.
The employee should be given enough time to prepare for the move.
The company should provide assistance in finding housing and settling in the new locatio
Reasoning, Aptitude, GS, english & Essay writing
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 in Jul 2023. There were 4 interview rounds.
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Product Development Engineer
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Associate Accountant
14
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Software Developer
12
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Product Data Analyst
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QA Test Engineer
10
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Steelcase Asia Pacific Holdings India
Haworth
Teknion
HNI Corporation