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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.
These rules help maintain the balance in accounting records and ensure accuracy in financial reporting.
For example, when a company receives...
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posted on 11 Dec 2021
I applied via Naukri.com and was interviewed in Nov 2021. There was 1 interview round.
Accounts payable is responsible for managing and processing the company's payments to vendors and suppliers.
Processing and recording invoices
Verifying and reconciling vendor statements
Managing vendor relationships
Ensuring timely and accurate payment of invoices
Maintaining accurate records of accounts payable transactions
Assisting with financial reporting and analysis
I applied via Naukri.com and was interviewed in Sep 2023. There were 2 interview rounds.
I applied via campus placement at Ramaiah Institute of Technology, Bengaluru and was interviewed in Mar 2023. There were 2 interview rounds.
I applied via Recruitment Consulltant and was interviewed before Sep 2022. There was 1 interview round.
General Accepted Accounting Principle refers to a common set of accounting standards and procedures used in the preparation of financial statements.
GAAP ensures consistency and comparability in financial reporting
GAAP includes principles such as the cost principle, revenue recognition principle, and matching principle
GAAP is important for investors, creditors, and other stakeholders to make informed decisions based on
I applied via Naukri.com and was interviewed before Feb 2022. There were 3 interview rounds.
Excel fluency and team management are crucial for a Senior Accountant.
Demonstrate proficiency in using Excel for financial analysis, data manipulation, and reporting.
Highlight experience in creating complex formulas, pivot tables, and macros.
Discuss your ability to handle large datasets and perform data analysis.
Explain how you ensure accuracy and integrity of financial data in Excel.
Describe your experience in trainin...
I applied via Referral and was interviewed before May 2020. There were 3 interview rounds.
Prime cost is the direct cost of materials and labor required to produce a product or service.
Prime cost includes the cost of raw materials, direct labor, and any other direct costs associated with production.
It does not include indirect costs such as rent, utilities, or administrative expenses.
Calculating prime cost is important for determining the profitability of a product or service.
For example, if a company produc...
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Reliance Industries
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