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I applied via Naukri.com and was interviewed in Jan 2021. There were 6 interview rounds.
Accrued expenses are expenses that have been incurred but not yet paid for.
Debit the expense account for the amount of the expense
Credit the accrued liability account for the same amount
Adjust the entry when the expense is paid
Example: Journal entry for $1,000 of accrued salaries: Debit Salaries Expense $1,000, Credit Salaries Payable $1,000
I applied via Walk-in and was interviewed in Dec 2020. There were 3 interview rounds.
Infosys interview questions for designations
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
Accounting involves recording financial transactions
It includes classifying and summarizing financial data
The information is used to make business decisions
Examples of financial transactions include sales, purchases, and expenses
Yes, there is an entry for purchase sales.
The entry for purchase sales is a double-entry accounting system.
The purchase is recorded as a debit to the inventory account and a credit to the accounts payable account.
The sale is recorded as a credit to the sales account and a debit to the accounts receivable account.
The cost of goods sold is recorded as a debit to the cost of goods sold account and a credit to the inventor...
Get interview-ready with Top Infosys Interview Questions
I applied via Mail and was interviewed in Jan 2021. There was 1 interview round.
I applied via Company Website and was interviewed in Mar 2021. There was 1 interview round.
What people are saying about Infosys
The duration of Infosys Accountant interview process can vary, but typically it takes about less than 2 weeks to complete.
based on 17 interviews
5 Interview rounds
based on 110 reviews
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