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Infosys BPM
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I applied via Naukri.com and was interviewed before Sep 2021. There were 3 interview rounds.
This round is a bit tricky with confusing question, so do not 2nd guess your answer.
The journal entry to increase stock is a debit to the stock account and a credit to the cash or accounts payable account.
Debit the stock account
Credit the cash or accounts payable account
Increase in stock is recorded as an increase in assets
The journal entry will depend on the method of stock issuance (e.g. par value, no par value, etc.)
Depreciation journal entry is a debit to Depreciation Expense and a credit to Accumulated Depreciation.
Debit Depreciation Expense account for the amount of depreciation expense
Credit Accumulated Depreciation account for the same amount
Depreciation Expense is an income statement account while Accumulated Depreciation is a balance sheet account
Depreciation is recorded to allocate the cost of a long-term asset over its us
Accrued expenses are expenses that have been incurred but not yet paid for.
Accrued expenses are recorded as liabilities on the balance sheet.
They are typically expenses that have been incurred but not yet billed, such as salaries, interest, or taxes.
Accrued expenses are recognized through adjusting entries at the end of an accounting period.
They are important for accurate financial reporting and forecasting.
Examples of...
I applied via Walk-in and was interviewed in May 2024. There were 2 interview rounds.
Apptitute, Rasoning, Accounting
posted on 11 Nov 2023
I applied via Recruitment Consulltant and was interviewed in Oct 2023. There were 3 interview rounds.
I applied via Naukri.com and was interviewed in Nov 2023. There were 2 interview rounds.
posted on 17 Apr 2024
posted on 30 Jun 2022
I applied via Indeed and was interviewed in Dec 2021. There were 2 interview rounds.
I applied via Referral
Types of accounts include assets, liabilities, and equity.
Assets: resources owned by the company, such as cash, inventory, and equipment
Liabilities: debts or obligations owed by the company, such as loans and accounts payable
Equity: the owner's stake in the company, calculated as assets minus liabilities
Discuss affects of AI on future of Accounting procedures.
based on 17 reviews
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