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Question regarding accounting entries, gst, foreign payment and assy type quest etc
TDS on goods purchased above 50 lac is applicable at the rate of 1% under section 194Q of the Income Tax Act.
TDS is deducted at the rate of 1% on the total value of goods purchased if it exceeds 50 lac in a financial year.
Section 194Q of the Income Tax Act governs TDS on purchase of goods.
The responsibility of deducting TDS lies with the buyer of the goods.
The TDS amount deducted needs to be deposited with the governme...
In my current company, the monthly routine involves processing invoices, reconciling accounts, preparing reports, and communicating with vendors.
Processing invoices received from vendors
Reconciling accounts to ensure accuracy
Preparing monthly financial reports
Communicating with vendors regarding payment status
Reviewing and approving expense reports
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I applied via Monster and was interviewed in Sep 2022. There were 2 interview rounds.
posted on 15 Jan 2025
I applied via Naukri.com and was interviewed in Jul 2024. There was 1 interview round.
Discussed with your work profile
posted on 2 Jul 2024
First pass yield is the percentage of units that pass through a process correctly the first time without rework.
First pass yield is calculated by dividing the number of units that pass inspection on the first attempt by the total number of units produced.
It is a measure of process efficiency and quality.
A high first pass yield indicates a well-functioning process with minimal defects and rework.
Example: If a manufactur...
posted on 31 Oct 2023
I applied via Approached by Company and was interviewed in Oct 2023. There were 4 interview rounds.
Toughest of all three. English and Numerical Ability (related to Finance)
posted on 12 Apr 2024
I applied via Job Portal and was interviewed in Feb 2023. There were 4 interview rounds.
Depreciation journal entries are used to record the decrease in value of an asset over time.
Depreciation expense is debited to decrease the asset's value.
Accumulated depreciation is credited to show the total depreciation over time.
Depreciation expense is usually recorded monthly or annually.
Depreciation journal entries follow the basic accounting equation: Assets = Liabilities + Equity.
I applied via Monster and was interviewed in Sep 2022. There were 2 interview rounds.
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