Isgec Heavy Engineering Accountant Interview Questions and Answers

Working capital is the difference between current assets and current liabilities. Bank reconciliation is the process of matching the balances in a company's accounting records to the corresponding information on a bank statement. Golden rules of accounting are basic principles that guide the process of recording financial transactions.

• Working capital is calculated as current assets minus current liabilities.

• Bank reconc...read more

Balance sheet in SAP is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

• Balance sheet in SAP is used to provide a snapshot of a company's financial position.

• It includes assets (such as cash, inventory, and property), liabilities (such as loans and accounts payable), and equity (such as retained earnings and stockholders' equity).

• The balance sheet equation is Asse...read more

Piping code and welder qualifications test

• Piping code refers to the set of standards and regulations that govern the design, fabrication, and inspection of piping systems.

• Welder qualifications test is a process of testing and certifying welders to ensure that they have the necessary skills and knowledge to perform welding tasks safely and effectively.

• Both piping code and welder qualifications test are important in ensu...read more