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Hughes & Hughes Chem Limited
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posted on 16 Oct 2021
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Debit and credit are the two sides of every financial transaction. Debit is an entry on the left side, and credit is an entry on the right side.
Debit represents an increase in assets or a decrease in liabilities or equity.
Credit represents a decrease in assets or an increase in liabilities or equity.
Debit and credit must always balance in every transaction.
For example, when a company purchases inventory with cash, the ...
Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.
It is calculated based on the useful life of the asset and the method of depreciation chosen.
Examples of assets that are subject to depreciation include buildings, vehicles, and equipment.
Depreciation can be straight-l...
posted on 23 Dec 2021
I applied via Walk-in and was interviewed in Nov 2021. There were 4 interview rounds.
A journal entry in a sale records the financial transaction of selling goods or services.
The journal entry will include a debit to the accounts receivable or cash account for the amount of the sale.
There will be a credit to the sales revenue account for the same amount.
If applicable, there may be additional debits or credits to other accounts such as inventory or cost of goods sold.
The journal entry should follow the d...
GST stands for Goods and Services Tax. It is a type of indirect tax levied on the supply of goods and services.
GST is applicable in many countries around the world, including India, Australia, and Canada.
The rate of GST varies from country to country and can also differ for different types of goods and services.
For example, in India, the GST rate for most goods and services is either 5%, 12%, 18%, or 28%.
Some goods and...
Oracle is a relational database management system used for storing and retrieving data.
Oracle is a software product developed by Oracle Corporation.
It is a relational database management system (RDBMS) that uses Structured Query Language (SQL) for managing and manipulating data.
Oracle allows users to create, modify, and delete database objects such as tables, views, and indexes.
It provides features like data integrity,...
I applied via Naukri.com and was interviewed in Sep 2022. There were 5 interview rounds.
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