Kissandhan Agri Financial Services Senior Executive - Finance Interview Questions, Process, and Tips

Managing vendors involves establishing strong relationships, negotiating contracts, monitoring performance, and ensuring compliance.

• Establish clear communication channels with vendors

• Negotiate favorable terms and pricing

• Regularly review vendor performance and address any issues

• Ensure vendors comply with contract terms and regulations

• Consider implementing vendor management software for efficiency

Prepaid expenses are costs that have been paid in advance but have not yet been incurred.

• Prepaid expenses are considered assets on a company's balance sheet until they are used up or expire.

• Examples of prepaid expenses include prepaid rent, insurance premiums, and subscription services.

• As the prepaid expenses are used up, they are recorded as expenses on the income statement.

GST stands for Goods and Services Tax, a value-added tax levied on most goods and services sold for domestic consumption.

• GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.

• It has replaced multiple indirect taxes like VAT, service tax, excise duty, etc.

• GST has different slabs - 5%, 12%, 18%, and 28%, with some items being exempted or taxed at 0%.

• Input tax credit can be c...read more

Requesting a loan from the bank via email

• Address the email to the appropriate department or loan officer

• Clearly state the purpose of the loan and the amount needed

• Provide details about your financial situation and ability to repay the loan

• Include any relevant documents or information to support your request

• Express gratitude for considering your application