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I applied via Campus Placement and was interviewed before May 2021. There were 2 interview rounds.
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
Classification of accounting includes financial accounting, management accounting, tax accounting, and auditing.
Financial accounting involves recording and reporting financial transactions for external stakeholders.
Management accounting involves providing financi...
I applied via Recruitment Consultant and was interviewed before Jun 2020. There were 6 interview rounds.
I applied via Referral and was interviewed in Jun 2018. There were 6 interview rounds.
I am seeking new challenges and opportunities for growth in my career.
Desire for professional growth and development
Seeking new challenges and experiences
Opportunity to learn new skills and expand knowledge
Better work-life balance or job satisfaction
Higher salary or better benefits
Relocation or change in personal circumstances
I am a detail-oriented accountant with a strong track record of accuracy and efficiency.
I have a proven track record of accurately managing financial records and ensuring compliance with regulations.
I am highly organized and able to prioritize tasks effectively to meet deadlines.
I have excellent communication skills, allowing me to work effectively with clients, colleagues, and stakeholders.
I am proficient in accountin...
Assets can be classified into tangible and intangible assets.
Tangible assets include physical assets like property, plant, and equipment.
Intangible assets include non-physical assets like patents, trademarks, and goodwill.
Current assets are those that can be converted into cash within a year, such as inventory and accounts receivable.
Non-current assets are those that cannot be easily converted into cash, such as long-t...
Profit and loss account is a financial statement that shows a company's revenues, expenses, and net income or loss for a specific period.
It is also known as income statement or statement of operations.
It shows the company's financial performance over a specific period of time.
Revenues are the income generated by the company, while expenses are the costs incurred to generate that income.
Net income or loss is the differe...
There are three types of accounts: personal, real, and nominal.
Personal accounts are related to individuals or organizations, such as customers or suppliers.
Real accounts are related to assets and liabilities, such as buildings or loans.
Nominal accounts are related to income and expenses, such as salaries or rent.
Each type of account has a different role in the accounting process.
The classification of accounts helps in
Accounts refer to financial records that track the transactions of a business or individual.
Accounts are used to keep track of income, expenses, assets, and liabilities.
They are typically organized into categories such as revenue, cost of goods sold, and operating expenses.
Examples of accounts include cash, accounts receivable, accounts payable, and inventory.
The purpose of accounts is to provide a clear picture of the...
There are various types of taxes such as income tax, sales tax, property tax, excise tax, and more.
Income tax is a tax on the income earned by an individual or business.
Sales tax is a tax on the sale of goods and services.
Property tax is a tax on the value of property owned by an individual or business.
Excise tax is a tax on specific goods such as alcohol, tobacco, and gasoline.
Other types of taxes include estate tax, ...
Financial accounting types include managerial accounting, tax accounting, and auditing.
Managerial accounting focuses on internal financial information for decision-making
Tax accounting deals with tax laws and regulations
Auditing involves examining financial records for accuracy and compliance
Other types include cost accounting, forensic accounting, and government accounting
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