Shyam Steel Industries Interview Questions and Answers

The profit for June on an accrual basis can be calculated by considering the insurance expense and deferred expenditure.

• To calculate the profit for June on an accrual basis, we need to consider the insurance expense and deferred expenditure.

• The insurance expense of $12,000 per annum needs to be allocated for the month of June.

• Deferred expenditure refers to expenses that have been paid in advance but are yet to be recognized as expenses in the profit and loss statement.

• If ther...read more

A separate legal entity is a distinct organization that is recognized as having its own rights, responsibilities, and liabilities separate from its owners.

• A separate legal entity can enter into contracts, sue and be sued, and own property in its own name.

• Owners of a separate legal entity are not personally liable for the debts and obligations of the entity.

• Examples include corporations, limited liability companies (LLCs), and partnerships.

• Maintaining separate legal entity sta...read more

My expected CTC is in line with industry standards for a Senior Executive role in the US.

• My expected CTC is based on my experience, skills, and the responsibilities of the role.

• I have researched the average salary range for Senior Executives in the US.

• I am open to negotiation based on the overall compensation package offered.

Deferred revenue is revenue that has been received by a company, but has not yet been earned.

• Deferred revenue is a liability on the company's balance sheet until the revenue is earned.

• It typically arises when a company receives payment for goods or services that have not yet been delivered.

• Once the revenue is earned, it is recognized on the income statement.

• Examples include subscription services where customers pay upfront for a year of service, or gift cards that have been p...read more