J. Sagar Associates Interview Questions and Answers

Supreme Court's decision on documentation for debt write-off impacts deduction eligibility.

• Supreme Court's decision requires documentation to prove debt write-off eligibility for deduction.

• Lack of proper documentation may result in disqualification for deduction.

• This decision aims to prevent fraudulent claims for debt write-off deductions.

• Examples of required documentation include loan agreements, repayment schedules, ...read more

Public companies are listed on stock exchanges and have shares available for public trading, while private companies are owned by a small group of individuals and do not have publicly traded shares.

• Public companies have shares that are traded on stock exchanges, allowing anyone to buy and sell them.

• Private companies are owned by a small group of individuals or a single entity, and their shares are not publicly traded.

• P...read more

ROFR gives the right to match an offer, while ROFO gives the right to make the first offer.

• ROFR (Right of First Refusal) allows the holder to match an offer before it is accepted by the seller.

• ROFO (Right of First Offer) gives the holder the right to make the first offer on a property or asset before it is offered to others.

• ROFR is reactive, triggered by an existing offer, while ROFO is proactive, allowing the holder t...read more

Important things to check while processing invoices include accuracy, proper documentation, approval, and matching with purchase orders.

• Verify accuracy of invoice details such as amounts, dates, and vendor information

• Ensure proper documentation is attached, such as receipts or purchase orders

• Confirm approval from authorized personnel before processing payment

• Match the invoice with corresponding purchase orders to preve