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Accrual account is a type of account that records revenue or expenses that have been earned or incurred but not yet received or paid.
Accrual accounting recognizes revenue and expenses when they are earned or incurred, regardless of when the cash is received or paid.
Accrual accounts are used to record these transactions until they are paid or received.
Journal entry is the process of recording a transaction in the accoun...
Amortization is for intangible assets while Depreciation is for tangible assets.
Amortization is the process of spreading the cost of an intangible asset over its useful life.
Depreciation is the process of spreading the cost of a tangible asset over its useful life.
Amortization is used for assets like patents, copyrights, and trademarks.
Depreciation is used for assets like buildings, machinery, and vehicles.
Both methods...
Reconciliations involve comparing financial records to identify discrepancies and resolve them.
Reconciliations are important for ensuring accuracy in financial reporting.
The process involves comparing two sets of records, such as bank statements and accounting records.
Any discrepancies are identified and investigated to determine the cause.
Examples of reconciliations include bank reconciliations, accounts receivable re
Some of the top questions asked at the Infosys Engineering Analyst interview -
based on 3 interviews
1 Interview rounds
based on 62 reviews
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