ITC Limited - Paperboards Specialty Papers Division Instrument Engineer Interview Questions and Answers

Accrual is the process of recognizing revenue and expenses in the financial statements before the cash is received or paid.

• Accrual accounting is the opposite of cash accounting.

• It is used to match revenue and expenses to the period in which they are incurred.

• Examples of accruals include accounts receivable, accounts payable, and accrued expenses.

• Accruals are important for accurate financial reporting and analysis.

• Accru...read more

LEAP into is a leadership development program for employees.

• LEAP into stands for Leadership Excellence Acceleration Program.

• It is designed to develop leadership skills in employees.

• The program includes workshops, coaching, and mentoring.

• LEAP into helps employees to grow professionally and advance in their careers.

• It is offered by many companies as a way to invest in their employees' development.