Mod Forge Accounts Receivable Analyst Interview Questions and Answers

Depreciation treatment in balance sheet involves recording the decrease in value of assets over time.

• Depreciation is a non-cash expense that reduces the value of assets on the balance sheet.

• It is recorded as an expense on the income statement and reduces the net income.

• Depreciation can be calculated using various methods such as straight-line, double-declining balance, or units of production.

• The accumulated depreciatio...read more

Electronic Credit Ledgers (ECL) is a digital record of all the credits received by a taxpayer under GST.

• ECL is a part of the GST system that helps taxpayers keep track of their credits.

• It is a digital record of all the credits received by a taxpayer under GST.

• ECL is maintained on the GST portal and is updated automatically when a taxpayer receives a credit.

• It helps in reducing errors and mismatches in claiming input ta...read more