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Bank reconciliation statement is a document that matches the balance in a company's bank account with the balance in its accounting records.
Bank reconciliation statement helps in identifying any discrepancies between the two balances.
It ensures that all transactions are recorded accurately and completely.
It helps in detecting errors, fraud, or any unauthorized transactions.
Examples: checks issued but not yet cleared, b
Overdraft is a facility provided by the bank to withdraw more money than available in the account, while over drawing refers to withdrawing more money than available without any prior arrangement.
Overdraft is a pre-arranged credit facility offered by the bank to account holders.
Overdrawing refers to withdrawing more money than available in the account without any prior agreement.
Overdraft usually incurs interest charge...
Bank advances should be carefully evaluated and monitored to ensure financial stability.
Evaluate the purpose of the advance and the ability to repay
Monitor interest rates and terms of the advance
Maintain a strong relationship with the bank for better terms and conditions
Regularly review and update financial projections to assess the impact of advances
Consider alternative sources of funding if advances become too risky
Other sources to collect bank revenue include fees, interest income, and foreign exchange gains.
Fees charged for services such as overdrafts, wire transfers, and ATM usage
Interest income from loans, mortgages, and investments
Foreign exchange gains from currency trading and international transactions
NPAs are non-performing assets that impact a bank's financial health. They are important for assessing risk and making informed decisions.
NPAs are loans or advances that have stopped generating income for the bank due to non-payment by the borrower.
They indicate the quality of assets held by a bank and its ability to recover funds lent out.
Banks use NPAs to assess their financial health, manage risk, and make strategic...
I applied via Approached by Company and was interviewed before Jul 2023. There were 2 interview rounds.
Good interview as it was 3 stage processed
Basic
JK Organisation interview questions for popular designations
I applied via Newspaper Ad and was interviewed before Nov 2021. There were 2 interview rounds.
I applied via AmbitionBox and was interviewed before Jun 2021. There were 2 interview rounds.
Like Experience and ach. Then qualification
Top trending discussions
I applied via Recruitment Consulltant and was interviewed before Nov 2023. There was 1 interview round.
I am a highly motivated and results-driven sales executive with a proven track record of exceeding targets and building strong client relationships.
Experienced in developing and implementing sales strategies
Skilled in identifying new business opportunities
Strong communication and negotiation skills
Ability to build and maintain relationships with clients
Track record of meeting and exceeding sales targets
Yes, I have a bike.
Yes, I have a bike for transportation.
I use my bike for commuting to work and running errands.
Having a bike helps me stay active and reduce my carbon footprint.
Projects on respective domain and the assessment for the project
I applied via Campus Placement and was interviewed in Nov 2024. There were 3 interview rounds.
General English language and grammar, synonyms
I was asked about research advancement of my institute
Experienced professional with a background in retail management and a proven track record of driving sales and improving team performance.
Over 5 years of experience in retail management
Strong leadership skills with a focus on team development
Proven track record of exceeding sales targets
Excellent communication and problem-solving abilities
based on 8 interviews
Interview experience
based on 92 reviews
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Assistant Manager
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Deputy Manager
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Sales Officer
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Area Sales Manager
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Company Secretary
8
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Tata Group
Reliance Industries
Aditya Birla Group
Mahindra & Mahindra