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I applied via Approached by Company and was interviewed before Aug 2023. There was 1 interview round.
I applied via Recruitment Consulltant and was interviewed in Oct 2024. There was 1 interview round.
Deferred revenue refers to income received by a company in advance of earning it, resulting in a liability on the balance sheet.
Deferred revenue is also known as unearned revenue.
It is recorded as a liability on the balance sheet until the revenue is recognized.
Common examples include magazine subscriptions, annual maintenance contracts, and advance payments for services.
Once the revenue is earned, it is recognized on ...
Reconciling bank balances involves comparing the bank statement with the company's records to identify and resolve any discrepancies.
Obtain the bank statement and compare it with the company's records of transactions.
Identify any discrepancies such as missing deposits or withdrawals, bank errors, or outstanding checks.
Adjust the company's records to match the bank statement by recording any necessary corrections.
Ensure...
The three major activities in cash flow statement are operating activities, investing activities, and financing activities. Purchase of fixed assets would fall under investing activities, while repayment of loans would fall under financing activities.
Operating activities involve cash flows from day-to-day business operations, such as sales and expenses.
Investing activities include cash flows related to the purchase and...
The 5 steps of Revenue recognition are identification of the contract, identification of performance obligations, determination of transaction price, allocation of transaction price, and recognition of revenue as performance obligations are satisfied.
Identification of the contract: Determine the existence of a contract with a customer.
Identification of performance obligations: Identify the separate performance obligati...
I want to join Deloitte because of its reputation for providing excellent training and career development opportunities.
Deloitte is known for its high-quality training programs which will help me develop my skills and knowledge in auditing.
I am impressed by Deloitte's commitment to employee growth and advancement, which aligns with my career goals.
I believe that working at Deloitte will provide me with the opportunity ...
Fixed assets are audited by verifying physical existence, ownership, valuation, and depreciation methods.
Verify physical existence by conducting physical inventory counts.
Confirm ownership by reviewing title deeds and purchase agreements.
Ensure accurate valuation by comparing book value to market value.
Review depreciation methods and calculations for accuracy.
Check for impairment indicators and assess if any assets nee...
I applied via Company Website and was interviewed in Sep 2024. There were 7 interview rounds.
Employment business to the client confirming
Assignment including ant programs
Correspondence between the company
Clarifies the details of an assignment
Communicate the association
posted on 22 Jul 2024
Position or post calling for specified duties to which an employee is assigned for a definite or indefinite period of time but which has not been designated as a work classification.
Accounts refer to the records of financial transactions of a business or organization.
Accounts are used to track income, expenses, assets, and liabilities.
They help in analyzing the financial health of a company.
Examples of accounts include cash, accounts receivable, inventory, and accounts payable.
Payable and receivable refer to amounts owed by a company (payable) and amounts owed to a company (receivable).
Payable refers to money owed by a company to its suppliers or vendors
Receivable refers to money owed to a company by its customers or clients
Payable and receivable are recorded on a company's balance sheet
Examples: Accounts payable, accounts receivable
TDS stands for Tax Deducted at Source, which is a system where tax is deducted by the payer at the time of making payment.
TDS is a form of advance tax which ensures that the government receives tax revenue in advance.
It is applicable to various payments such as salary, interest, commission, rent, etc.
The deducted TDS amount is then deposited with the government on behalf of the recipient.
TDS rates vary depending on the...
Tally is a software used for accounting and financial management.
Tally is used for recording financial transactions.
It helps in managing accounts, generating reports, and analyzing data.
Tally is commonly used by businesses for bookkeeping and tax compliance.
It can also be used for inventory management and payroll processing.
Tally skills refer to proficiency in using Tally software for accounting purposes.
Tally skills involve knowledge of creating and managing accounts, generating financial reports, and performing audits.
Proficiency in data entry, reconciliation, and inventory management using Tally is essential.
Examples of Tally skills include creating ledgers, recording transactions, and generating balance sheets.
Knowledge of shortcuts a...
I applied via Naukri.com and was interviewed in Aug 2024. There were 4 interview rounds.
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Reconciliation is the process of comparing two sets of records to ensure they are in agreement and accurate.
Reconciliation involves verifying and adjusting differences between two sets of financial records, such as bank statements and accounting records.
It helps to identify errors, discrepancies, or fraudulent activities.
Examples include reconciling bank statements with cash book records, credit card statements with ex...
Filling in GSTR 1 involves reporting outward supplies of goods and services made by a taxpayer.
GSTR 1 is a monthly or quarterly return that needs to be filed by registered taxpayers.
It includes details of sales, invoices issued, and tax collected on sales.
Taxpayers need to report B2B and B2C supplies separately in GSTR 1.
Errors in GSTR 1 can lead to penalties and compliance issues.
Example: A company selling goods worth...
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I applied via Walk-in and was interviewed in Oct 2024. There were 3 interview rounds.
Accounting Questions
I applied via Walk-in and was interviewed in Oct 2024. There was 1 interview round.
Bachelor's degree in Accounting from XYZ University
Graduated with honors
Completed coursework in financial accounting, managerial accounting, auditing, and taxation
Participated in internship at a local accounting firm
Completed a senior thesis on the impact of tax reform on small businesses
TCS company in my lively company and this company is top company I work to top company in my life
3 company in 2 year experience in auto mobile company
Father is farmer and mother house wife
posted on 30 Nov 2024
I applied via Walk-in and was interviewed in Oct 2024. There was 1 interview round.
Reserve is set aside for specific purposes, while provision is set aside for potential future expenses.
Reserve is a part of profits retained by a company for specific purposes, such as expansion or dividends.
Provision is an amount set aside to cover a probable future expense, such as bad debts or legal claims.
Reserve is not a liability, while provision is a liability on the balance sheet.
Reserve is voluntary, while pro...
Tangible assets are physical assets that can be touched and seen, while intangible assets are non-physical assets like intellectual property or brand recognition.
Tangible assets have a physical form, such as buildings, machinery, or inventory.
Intangible assets lack physical substance, such as patents, trademarks, or goodwill.
Tangible assets are typically easier to value and sell compared to intangible assets.
Intangible...
Site Engineer
3
salaries
| ₹2.4 L/yr - ₹4.8 L/yr |
Deputy Direct Taxation Manager
3
salaries
| ₹5.4 L/yr - ₹9.6 L/yr |
Accenture
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IBM
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