Infosys BPM Account Assistant Interview Questions, Process, and Tips

The golden rules of accounting are basic principles that guide the recording of financial transactions.

• The golden rules include the rules of debit and credit, which determine how transactions are recorded in the books of accounts.

• The three golden rules are: 1) Debit what comes in, credit what goes out; 2) Debit the receiver, credit the giver; 3) Debit all expenses and losses, credit all incomes and gains.

• For example, w...read more

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 can be depreciated include buildings, vehicles, machinery, and equipment.

• Depreciation can be straight-...read more