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Yes, AP process refers to accounts payable process which involves managing and recording financial transactions.
AP process involves receiving, verifying, and recording invoices from suppliers.
It also includes making payments to suppliers and reconciling accounts.
Efficient AP process helps in maintaining good relationships with suppliers and managing cash flow effectively.
Pre-paid expense journal entry involves recording an expense that has been paid for in advance.
Pre-paid expenses are initially recorded as assets on the balance sheet
As the expense is incurred, it is gradually expensed through the income statement
Journal entry involves debiting Prepaid Expense account and crediting Cash or Bank account
Different type of journal entries
Different situations and journal entries
posted on 22 Jan 2024
I applied via Naukri.com and was interviewed in Dec 2023. There were 2 interview rounds.
The 3 golden rules of accounting are the basic principles that guide the recording of financial transactions.
The first golden rule is the Personal Account rule, which states that 'Debit the receiver, credit the giver'. For example, when a customer pays cash for goods purchased, the cash account is debited and the sales account is credited.
The second golden rule is the Real Account rule, which states that 'Debit what co...
Bookkeeping is the process of recording, organizing, and maintaining financial transactions of a business.
Bookkeeping involves recording all financial transactions, such as sales, purchases, and expenses.
It helps in organizing and categorizing financial data for easy analysis and reporting.
Bookkeeping ensures accuracy and completeness of financial records.
It involves tasks like maintaining ledgers, reconciling accounts...
I applied via Naukri.com and was interviewed in Feb 2024. There was 1 interview round.
Deferred tax refers to the future tax consequences of temporary differences between accounting profit and taxable profit.
Deferred tax is a balance sheet item that represents the future tax consequences of transactions that have already been recognized in the financial statements.
It arises due to temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and their tax ba...
posted on 23 Feb 2024
I applied via Naukri.com and was interviewed in Jan 2024. There were 2 interview rounds.
Accounting book maintain at gujarat minarat development corporation limited, (goverment company) Internal audit, statutory audit, tax audit,
Coating related discussion and cost cutting witch area are highly coasting so i reducing the cost this side and proper prepare presentation to my bos
I applied via Walk-in and was interviewed in Jan 2024. There was 1 interview round.
posted on 18 Jan 2022
Current CTC refers to the current salary or compensation package of the candidate, while expected CTC is the salary or compensation package the candidate is expecting in the new role.
Current CTC is the candidate's current salary or compensation package.
Expected CTC is the salary or compensation package the candidate is expecting in the new role.
Current CTC helps the employer understand the candidate's current level of ...
posted on 18 Sep 2023
I applied via Naukri.com and was interviewed before Sep 2022. There were 3 interview rounds.
Final Accounts, TB, Balance sheet
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Accountant
33
salaries
| ₹2.6 L/yr - ₹8.5 L/yr |
Book Keeper
17
salaries
| ₹2 L/yr - ₹7 L/yr |
Financial Controller
10
salaries
| ₹9.1 L/yr - ₹19 L/yr |
Senior Accountant
5
salaries
| ₹5.3 L/yr - ₹10.8 L/yr |
Assistant Manager
4
salaries
| ₹12 L/yr - ₹19.6 L/yr |
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