Infosys Accounts & Finance Manager Interview Questions and Answers

Depreciation is the process of allocating the cost of a fixed asset over its useful life. It represents the decrease in the value of an asset due to wear and tear, usage, or obsolescence. Example: If a company buys a machine for ₹1,00,000 with a lifespan of 10 years, instead of showing the full cost in one year, it spreads ₹10,000 per year as depreciation.

"I want to join Genpact because it is a well-known company that offers great learning opportunities for freshers. It provides a good work environment, career growth, and a chance to improve my skills in accounting. I believe this is the best place to start my career and gain valuable experience."

"Genpact is a global professional services company that provides digital transformation, finance, and business process management solutions. Founded in 1997, it helps businesses improve efficiency using technology and innovation. Genpact operates in multiple countries and is known for its strong work culture and career growth opportunities."

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

• The golden rule of accounting is that for every debit entry, there must be an equal credit entry.

• There are three types of accounts: personal, real, and nominal.

• Personal accounts deal with individuals or organizations, real accounts deal with assets and liabilities, and nominal accounts deal with income and exp...read more

TDS stands for Tax Deducted at Source, a system where tax is deducted by the payer at the time of making payment.

• TDS is deducted by the payer at the time of making certain payments like salary, rent, commission, etc.

• The deducted amount is then deposited with the government on behalf of the payee.

• TDS rates vary based on the type of payment and the payee's status.

• TDS ensures a regular inflow of taxes to the government an...read more

Tax deducted at source (TDS) is a system where tax is deducted by the payer at the time of making payment to the payee.

• TDS is applicable on various types of payments such as salary, interest, rent, commission, etc.

• The deducted tax is required to be deposited to the government by the deductor.

• The payee can claim credit for the TDS amount deducted while filing their income tax return.

• TDS rates vary depending on the natur...read more