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Inventory refers to the goods or materials a business holds for sale or production.
Inventory is an asset on the balance sheet.
There are different methods of accounting for inventory such as FIFO, LIFO, and weighted average.
Journal entry for inventory purchase: Debit Inventory, Credit Accounts Payable/Cash.
Journal entry for inventory sale: Debit Cost of Goods Sold, Credit Inventory.
I applied via Referral and was interviewed before Dec 2016. There were 3 interview rounds.
I applied via Referral and was interviewed before Mar 2021. There was 1 interview round.
I applied via Naukri.com and was interviewed before Aug 2020. There was 1 interview round.
A type of obligation that a company or individual owes to another party.
Liability refers to the legal obligation to pay debts or fulfill other obligations.
It can be classified as current or long-term, depending on the time frame for repayment.
Examples include accounts payable, loans, and taxes owed.
Liabilities are listed on a company's balance sheet and are an important factor in determining financial health.
Debit represents incoming funds while credit represents outgoing funds.
Debit is used to record an increase in assets or a decrease in liabilities or equity.
Credit is used to record a decrease in assets or an increase in liabilities or equity.
For example, when a company receives cash from a customer, it would debit cash and credit accounts receivable.
Conversely, when a company pays a supplier, it would credit cash and d
I was interviewed in May 2022.
I applied via Approached by Company and was interviewed in Apr 2022. There were 2 interview rounds.
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I applied via Walk-in and was interviewed before Oct 2023. There were 3 interview rounds.
General knowledge, excel, english grammar, mathematics
Experienced Accounts Executive with a strong background in financial management and analysis.
Over 5 years of experience in managing accounts payable and receivable
Proficient in financial reporting and analysis
Skilled in budgeting and forecasting
Strong attention to detail and accuracy
Excellent communication and interpersonal skills
I have over 5 years of experience in accounts management, including budgeting, financial reporting, and analysis.
Managed accounts payable and receivable processes
Prepared monthly financial statements and reports
Assisted in budgeting and forecasting
Conducted variance analysis to identify financial discrepancies
Senior Engineer
4
salaries
| ₹0 L/yr - ₹0 L/yr |
Civil Site Engineer
4
salaries
| ₹0 L/yr - ₹0 L/yr |
TCS
Accenture
Wipro
Cognizant