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Kohler
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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...
The tax calculation on proprietorship depends on the income and tax laws of the specific country.
Tax on proprietorship is calculated based on the income generated by the business.
The tax rate may vary depending on the tax laws and regulations of the country.
Deductions and exemptions allowed for business expenses can also affect the tax calculation.
For example, in the United States, sole proprietors report their busines...
P2P process refers to the procurement-to-payment process, which involves the entire cycle of purchasing goods or services and paying for them.
P2P process involves requisitioning, purchasing, receiving, and paying for goods or services.
It starts with a purchase requisition, which is then approved and turned into a purchase order.
The goods or services are received and inspected, and an invoice is generated.
The invoice is...
posted on 9 Jan 2023
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
Accounting involves the systematic recording of financial transactions.
It includes summarizing and analyzing financial data to provide insights into the financial health of a business.
Accounting also involves preparing financial statements and reports for internal and external stakeholders.
It helps in maki...
Bookkeeping is the process of recording financial transactions, while a balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
Bookkeeping involves recording financial transactions such as sales, purchases, receipts, and payments.
It is important for businesses to keep accurate and up-to-date records for tax purposes and to make informed financial decisi...
I applied via Walk-in and was interviewed before Oct 2022. There were 2 interview rounds.
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...
posted on 25 May 2022
I applied via Recruitment Consulltant and was interviewed in Apr 2022. There were 4 interview rounds.
I applied via Recruitment Consultant and was interviewed in Sep 2020. There were 5 interview rounds.
The tax calculation on proprietorship depends on the income and tax laws of the specific country.
Tax on proprietorship is calculated based on the income generated by the business.
The tax rate may vary depending on the tax laws and regulations of the country.
Deductions and exemptions allowed for business expenses can also affect the tax calculation.
For example, in the United States, sole proprietors report their busines...
P2P process refers to the procurement-to-payment process, which involves the entire cycle of purchasing goods or services and paying for them.
P2P process involves requisitioning, purchasing, receiving, and paying for goods or services.
It starts with a purchase requisition, which is then approved and turned into a purchase order.
The goods or services are received and inspected, and an invoice is generated.
The invoice is...
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