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I appeared for an interview in Jan 2024.
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Outstanding liability is a debt that is yet to be paid while accrued income is revenue that has been earned but not yet received.
Outstanding liability is a current liability that is recorded on the balance sheet until it is paid off.
Accrued income is recorded as a current asset on the balance sheet until it is received.
Examples of outstanding liabilities include unpaid bills, wages, and taxes.
Examples of accrued income...
When creating accounts, I consider financial health, compliance, and operational efficiency to ensure accurate reporting and decision-making.
Financial Health: Assessing assets, liabilities, and equity to understand the company's financial position.
Compliance: Ensuring adherence to accounting standards (e.g., GAAP or IFRS) and regulatory requirements.
Operational Efficiency: Evaluating cost structures and revenue streams...
posted on 30 Dec 2021
I applied via Naukri.com and was interviewed in Sep 2023. There was 1 interview round.
The question is unclear and does not make sense.
The question is grammatically incorrect and lacks clarity.
It is not clear what is meant by 'disqualify' and 'apply for'.
Without further context or clarification, it is impossible to provide a meaningful answer.
As an accountant, I do not choose employees for the company. My role is to manage financial records and provide financial analysis.
As an accountant, my primary responsibility is to manage financial records and ensure accuracy in financial transactions.
I provide financial analysis and reporting to help the company make informed business decisions.
The task of choosing employees typically falls under the HR department or ...
I applied via Company Website
Debit and credit are the two sides of every financial transaction. Debit is an entry on the left side, and credit is an entry on the right side.
Debit represents an increase in assets or a decrease in liabilities or equity.
Credit represents a decrease in assets or an increase in liabilities or equity.
Debit and credit must always balance in every transaction.
For example, when a company purchases inventory with cash, the ...
Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.
It is calculated based on the useful life of the asset and the method of depreciation chosen.
Examples of assets that are subject to depreciation include buildings, vehicles, and equipment.
Depreciation can be straight-l...
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I applied via Referral and was interviewed in Dec 2023. There were 3 interview rounds.
I applied via Naukri.com and was interviewed before Feb 2021. There were 3 interview rounds.
I am seeking a change to pursue new challenges, enhance my skills, and contribute to a dynamic team environment.
Career Growth: I feel that my current role has limited opportunities for advancement, and I am eager to take on more responsibilities.
Skill Development: I want to expand my skill set in areas like project management and team leadership, which I believe this position offers.
Cultural Fit: I am looking for a com...
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