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INCA INFOTECH TECHNOLOGIES
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Dr and Cr are the abbreviations for Debit and Credit, respectively. They are used to record financial transactions in accounting.
Dr represents the left side of an account and is used to record increases in assets and decreases in liabilities and equity.
Cr represents the right side of an account and is used to record decreases in assets and increases in liabilities and equity.
Every transaction must have at least one deb...
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I applied via Referral and was interviewed in Jan 2021. There were 4 interview rounds.
Books entry in Tally refers to recording financial transactions in Tally software.
Create a company in Tally
Create ledgers for all accounts
Record transactions using vouchers
View and print reports
Ensure accuracy and completeness of entries
I applied via Naukri.com and was interviewed in Aug 2020. There were 5 interview rounds.
The fixed asset cycle refers to the process of acquiring, using, maintaining, and disposing of fixed assets.
Acquiring fixed assets through purchase or construction
Using fixed assets in business operations
Maintaining fixed assets through repairs and upgrades
Disposing of fixed assets through sale or retirement
Tracking fixed assets through an asset register
Examples include buildings, machinery, and vehicles
To ensure a journal is correct, one must verify accuracy, completeness, and proper documentation.
Verify that all transactions are accurately recorded in the journal
Ensure that the journal is complete and includes all necessary entries
Check that each entry is properly documented with supporting evidence
Reconcile the journal with other financial records to identify any discrepancies
Perform regular reviews and audits to m
I applied via Naukri.com and was interviewed before Jul 2020. There was 1 interview round.
I applied via Recruitment Consultant and was interviewed before Jun 2020. There were 6 interview rounds.
I applied via Referral and was interviewed in Jun 2018. There were 6 interview rounds.
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